Artificial Life Expands Business Activities in USA
Thursday August 7, 7:51 am ET
LOS ANGELES and HONG KONG, Aug. 7, 2008 (PRIME NEWSWIRE) -- Artificial Life, Inc., (OTC BB:ALIF.OB - News) (http://www.artificial-life.com), a leading provider of mobile 3G technology, participation TV, mobile games and business applications, announced today that it will expand direct business activities in the USA and launch an office in Los Angeles in the third quarter of 2008.
``After many years of doing business successfully in Asia and Europe we are about to return our focus to where we originally started - in the USA. Our business is expanding strongly and we have won many major clients and partners in the USA, especially in California. Therefore, we have decided to open an office in Los Angeles to be close to the big media companies, the carriers, the gaming companies, the music industry and the major Hollywood studios. However, our activities in the USA will focus on sales, marketing and client support. Production will remain mostly in Asia due to the lower cost basis there,'' said Eberhard Schoneburg, CEO of Artificial Life, Inc.
About Artificial Life, Inc.
Artificial Life, Inc. (OTC BB:ALIF.OB - News) is a public US corporation headquartered in Hong Kong, with additional offices in Berlin (EMEA headquarters) and Tokyo. As a leading, full-service provider of mobile 3G+ technology, mobile participation TV, mobile gaming, content and business applications, Artificial Life provides 2D and 3D multi- and singleplayer rich-media applications for 3G, 3.5G and 4G network-enabled mobile phones. Recognized internationally for outstanding content quality and technology, Artificial Life transcends traditional modes of mobile communications and interactive gaming. For more information, please visit artificial-life.com or the company's m-commerce portal at botme.com.
Forward-Looking Statements:
This press release contains ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding our future results of operations, financial condition and business prospects. In some cases, you can identify forward-looking statements by terminology such as ``may'', ``will'', ``should'', ``expect'', ``intend'', ``plan'', ``anticipate'', ``believe'', ``estimate'', ``predict'', ``potential'', ``continue'' or the negative of these terms or other comparable terminology. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to, our ability to obtain additional funding to operate and grow our business; the unproven potential of our mobile gaming business model; changing consumer preferences and uncertainty of market acceptance of our products; timely adoption and availability of 3G mobile technology; market acceptance for use of mobile handheld devices to play the interactive games; unpredictable mobile game development schedules; our reliance on a relatively small number of brands; our ability to license brands from others; our dependence upon resellers and telecommunication carriers and operators to distribute our products; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our Annual Report on Form 10-KSB filed on March 13, 2008. We assume no obligation to update any forward-looking statements, which apply only as of the date of this press release.
Contact:
Artificial Life, Inc.
press contacts:
Erin Hall
Wanda Soler
619 677 2700
artificial-life@lewispr.com
investor contact:
Annie Lau
+852 3102 2800
ir@artificial-life.com
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Source: Artificial Life, Inc. |
