Business Services Industry

InfoSpace Expands into Mobile Games, Acquires Assets of Atlas Mobile; Multiplayer Tournament Game Service Expands InfoSpace Mobile's Content Capabilities

Business Wire, July 1, 2004

BELLEVUE, Wash. -- InfoSpace, Inc. (Nasdaq:INSP) today announced it has acquired the assets of Atlas Mobile, Inc., a leading provider of mobile multiplayer tournament games.

"We are excited to build on our leadership position in mobile media content delivery," said Jim Voelker, chairman and chief executive officer of InfoSpace, Inc. "The acquisition of Atlas Mobile's multiplayer tournament game platform and portfolio of games accelerates our entry into the fast-growing mobile games market. With its innovative approach to mobile gaming, Atlas allows us to leverage the power of competition and community in growing our mobile business."

Atlas Mobile is a mobile game services company focused on delivering skills-based multiplayer tournament games on mobile phones. The Atlas Mobile service currently offers a series of well-known, easy-to-learn games such as Tetris(R) Tournament for Prizes(TM) (published by Blue Lava Wireless), Hold'em Poker for Prizes(TM) and Solitaire for Prizes(TM). Through a complete client-server tournament service, every Atlas Mobile game allows mobile phone players to compete against each other to win prizes in continuous head-to-head and progressive tournaments. Atlas Mobile's innovative game service was launched on Verizon Wireless' Get It Now(R) service in December 2003, and is also currently available to subscribers of Alltel, Midwest Wireless, U.S. Cellular and Western Wireless.

"InfoSpace is a great fit for Atlas Mobile," said Isaac Babbs, chief executive officer, president and founder of Atlas Mobile, Inc. "The entire Atlas team is looking forward to working together to take our service, partnerships, and products to the next level. We will continue to broaden our product offerings, expand our relationships with wireless carriers, and improve the gaming experience for mobile consumers."

InfoSpace intends to leverage its distribution network and the Atlas Mobile platform to add new multiplayer games and products to its existing applications and content portfolio. InfoSpace Mobile's extensive content library currently includes ringtones, graphics, news, weather, sports and more.

InfoSpace Mobile is a leading provider and publisher of mobile content and applications that make it possible for media companies and content brands to reach a wide audience of wireless subscribers with compelling content and marketing promotions. InfoSpace Mobile's rich catalog of entertainment, information and personalization applications is designed to accelerate widespread adoption of mobile data applications by consumers. These applications and services can be managed and delivered through InfoSpace Mobile's delivery platform that provides carrier grade solutions harmonized across all leading mobile technologies, networks and devices. More information can be found at http://www.infospacemobile.com.

About InfoSpace, Inc.

InfoSpace, Inc. (Nasdaq:INSP) is a diversified technology and services company that develops Internet and wireless solutions for a wide range of customers. InfoSpace Search & Directory provides Web search and online directory products that help users find the information they need while creating opportunities for merchants. InfoSpace Mobile develops infrastructure, tools and applications that enable carriers and content providers to efficiently develop and deliver mobile data services across multiple devices. More information can be found at http://www.infospaceinc.com.

This release contains forward-looking statements regarding the Company's wireless business and its acquisition of certain assets of Atlas Mobile. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect InfoSpace's actual results include InfoSpace's ability to integrate the assets acquired from Atlas Mobile, InfoSpace's ability to quickly and successfully launch its proposed multiplayer products, and the rate of adoption by wireless carriers and other customers of mobile media product offerings. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace's most recent Quarterly Report on Form 10-Q, in the section entitled "Factors Affecting Our Operating Results, Business Prospects and Market Price of Stock." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward- looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

COPYRIGHT 2004 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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