Legend Mobile Signs Mobile Game Distribution Agreement With Ozura
Market Wire, January, 2006
Legend Mobile, Inc. (OTC BB: LGMB) today announced that it has signed an agreement with Ozura Inc. to distribute its catalog of mobile games in the United States market.
Based in Singapore, Ozura is one of the world's leading developers of mobile games. The Ozura library includes over 100 different mobile games including action games, auto racing, puzzles, sports such as bowling and soccer, and casino games such as blackjack and slots.
Legend expects to launch a game portal in early 2006 to allow US mobile customers to download games directly on to their phones. Additionally, the company anticipates introducing Ozura to carriers based in the United States. Legend Mobile is also exploring the development of prepaid game cards to be sold at retail stores.
Sales of mobile games are currently estimated at $4 billion and expected to rise to $8 billion by 2008.
"We are very experienced in the mobile content space with our past transactions. The continued development of the market in the United States makes this an ideal time to partner with a leader like Ozura," said Peter Klamka, President of Legend Mobile Inc.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Contact Legend Mobile Email Contact (212)-252-2459
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