China Mobile Games and Entertainment Group to Release New 'Joyful' Series Card
Games and Launch Open Beta Testing for RPG 'Long Zhan San Guo'
GUANGZHOU, China, March 26, 2013 (GLOBE NEWSWIRE) -- China Mobile Games and
Entertainment Group Limited ("CMGE" or the "Company") (Nasdaq:CMGE), a leading
mobile game company in China, today announced that it will soon release a
series of new social card games based on the Company's 'Joyful' franchise for
both Android and iOS-based platforms and will launch open beta testing for the
Android-based version of 'Long Zhan San Guo' on March 27, 2013.
'Joyful Zha Jin Hua' was the first in a series of card games released by China
Mobile Games in January 2013 for Android-based platforms. Providing a fresh
gaming experience for fans of traditional card games, the 'Joyful' series of
card games introduces exciting new features and game play, including new
social functions that allow players to interact with each other. Since its
launch, 'Joyful Zha Jin Hua' has received positive user feedback and generated
over RMB5 million in monthly revenue. The Company plans on launching both
Android and iOS-based follow-up titles in the coming months, including 'Joyful
Dou di Zhu,' 'Joyful Mahjong,' 'Joyful Two-Person Mahjong,' and 'Joyful Niu
'Long Zhan San Guo' is a new turn-based MMORPG adapted from the legendary
stories of China's historical Three Kingdoms period. The game's iOS version
was launched in January 2013 and has already reached 1 million registered
users with a daily peak revenue of RMB 70,000 and monthly revenue exceeding
RMB1.5 million. An Android-based version of the game will begin open beta
testing on March 27, 2013.
Both games will be available through the Company's proprietary Android-based
Game Center application, which connects users with games developed and/or
operated by CMGE.
"I am extremely pleased to announce the launch of these exciting new games in
the coming days and months," commented Mr. Ken Jian Xiao, Chief Executive
Officer of China Mobile Games. "We have always striven to develop and
distribute the most creative and compelling new content possible. The launch
of these games forms an integral part of the Company's strategy as we seek to
introduce content to a new generation of players and capture the significant
growth opportunities emerging in smartphone games."
CMGE is a leading mobile game company in China with the largest market share
among mobile game developers in terms of revenues in 2010, 2011 and 2012,
according to Analysys International, an independent market research firm. CMGE
has integrated capabilities in the development, operation, sale and
distribution of mobile games in China. Its mobile handset design business
complements its game development business as it pre-installs CMGE's mobile
games and game platforms in the handsets it designs, and enhances CMGE's
knowledge of user habits and preferences and industry trends. CMGE has a large
and diversified portfolio of games for smartphones and feature phones, and has
strong development capabilities, evidenced by the fact that it develops
single-player games and social games for both types of handsets.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are
made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," "confident" and similar
statements. CMGE may also make written or oral forward-looking statements in
its periodic reports to the U.S. Securities and Exchange Commission, in its
annual report to shareholders, in press releases and other written materials
and in oral statements made by its officers, directors or employees to third
parties. Statements that are not historical facts, including statements about
CMGE's beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties. A number
of factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not limited to the
following: our growth strategies as well as our business plans; our future
development, results of operations and financial condition; our ability to
continue to develop new and attractive products and services; our ability to
continue to develop new technologies or upgrade our existing technologies; our
ability to attract and retain users and customers and further enhance our
brand recognition; the expected growth of and trends in the mobile game
industry in China; PRC governmental policies and regulations relating to the
mobile game industry in China; competition in the mobile game industry; and
general economic and business conditions in China. Further information
regarding these and other risks is included in our registration statement on
Form F-1 and other documents filed with the Securities and Exchange
Commission. CMGE does not undertake any obligation to update any
forward-looking statement, except as required under applicable law. All
information provided in this press release and in the attachments is as of the
date of the press release, and CMGE undertakes no duty to update such
information, except as required under applicable law.
CONTACT: For investor and media inquiries, please contact:
China Mobile Games and Entertainment Group Limited
Phone: +86-10-5826-4939 (China)
In the U.S.:
Tel: +1 480 614 3000
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