Glu Mobile Inc. : Glu Mobile Expands Real-Money Gambling Portfolio with
Glu Mobile Expands Real-Money Gambling Portfolio with Probability
*New Contract Killer mobile slots game launches in the UK
*Glu and Probability to co-develop White Label, Glu-IP-branded mobile
San Francisco, Calif. - May 1, 2013 - Glu Mobile Inc. (NASDAQ: GLUU), a
leading global developer and publisher of freemium games for smartphone and
tablet devices, today announced that the company has expanded its real-money
mobile gambling portfolio to include a new Contract Killer mobile slots game
and has begun development on Glu-IP-branded mobile casino suites. All products
will be created in conjunction with Probability, a leading technology provider
to the mobile entertainment gambling industry in the UK. Contract Killer Slots
is immediately available to Probability customers in the UK and Glu-IP-branded
mobile casino suites are expected to be available by Q3 2013.
"We were pleased with the initial player response to Samurai vs. Zombies
Defense Slots and continue to see a significant long-term opportunity in the
mobile real-money gambling market," said Niccolo de Masi, Glu CEO. "Our
relationship with Probability allows us to offer high-quality mobile casino
products in the UK and we look forward to extending these offerings as
additional markets adjust regulations."
"Our strategic relationship combines Glu's popular social gaming IP with
Probability's innovative real-money mobile games," said Charles Cohen,
Probability CEO. "We look forward to addressing the growing audience of
players enjoying real-money gaming on mobile devices."
Glu-branded real-money mobile casino suites will be delivered through
Probability's White Label program, and will feature intellectual property from
Glu's catalog of original IP. In addition to Probability's slots games, Glu
casino suites plan to also offer Blackjack, Roulette, and Bingo.
The launch of the Contract Killer Slots marks the second real-money game Glu
and Probability have published through the companies' strategic relationship.
The mobile slots game features intellectual property from Glu's most popular
franchise of all time, Contract Killer, and is made available to mobile
real-money gamers in the UK through Probability's distribution network.
Originally launched in March 2011, Glu's Contract Killer freemium franchise
has been downloaded over 40 million times worldwide.
Glu original IP-branded casino games join Probability's portfolio and plan to
be offered through their network to gambling operators such as Paddy Power,
William Hill, 888 and to Probability's 'White Label' partners. In addition to
leading industry knowledge and technical expertise, Probability provides a
comprehensive operational role to Glu, with all games being delivered through
their existing gambling licenses.
Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements, including that
Glu-IP-branded mobile casino suites are expected to be available by Q3 2013;
we see a significant long-term opportunity in the mobile real-money gambling
market; we look forward to extending our real-money gambling offerings as
additional markets adjust regulations; we look forward to addressing the
growing audience of players enjoying real-money gaming on mobile devices; and
our expectation that Glu's original IP-branded casino games will be offered as
part of the Probability portfolio and will be offered through their network to
gambling operators such as Paddy Power, William Hill and Probability 'White
Label' partners. These forward-looking statements are subject to material
risks and uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. Investors should consider
important risk factors, which include: the risk that real-money mobile gaming
does not grow as significantly as we anticipate or does not expand to
additional markets; the risk that consumer demand for smartphones and tablets
does not grow as significantly as we anticipate or that we will be unable to
capitalize on any such growth; the risk that we do not realize the expected
benefits from our strategic relationship with Probability; and other risks
detailed under the caption "Risk Factors" in our Form 10-K filed with the
Securities and Exchange Commission on March 15, 2013 and our other SEC
filings. You can locate these reports through our website at
http://www.glu.com/investors. We are under no obligation, and expressly
disclaim any obligation, to update or alter our forward-looking statements
whether as a result of new information, future events or otherwise.
About Glu Mobile
Glu Mobile (NASDAQ:GLUU) is a leading global developer and publisher of
freemium games for smartphone and tablet devices. Glu is focused on creating
compelling original IP games such as CONTRACT KILLER, GUN BROS, DEER HUNTER,
BLOOD & GLORY, and SAMURAI VS. ZOMBIES DEFENSE on a wide range of platforms
including iOS, Android, Windows Phone, Google Chrome, and MAC OS. Glu's unique
technology platform enables its titles to be accessible to a broad audience of
consumers globally. Founded in 2001, Glu is headquartered in San Francisco
with a major office outside Seattle, and international locations in Canada,
China, and Russia. Consumers can find high-quality entertainment wherever they
see the 'g' character logo or at www.glu.com. For live updates, please follow
Glu via Twitter at www.twitter.com/glumobile or become a Glu fan at
Probability is the leading technology provider to the mobile entertainment
gambling industry in regulated markets. We offer a B2B 'White Label' solution
to provide access to our network via 'Probability Managed' and 'Partner
Managed' services, and B2C 'Own Brand' solutions via Moobile Slots and Lady
Lucks. The business was founded in 2004 and is headquartered in London, UK.
Gambling services are operated by Probability Gibraltar Ltd. a wholly owned
subsidiary of Probability PLC, which holds a remote gambling licence from the
Government of Gibraltar. Probability Games Corporation Ltd. is licenced by
the UK Gambling Commission. Probability PLC floated on the London Stock
Exchange in 2006 and is listed as PBTY. Probability entered into the Italian
mobile gambling market in 2012, when it acquired the B2B provider Playyoo SA.
Current clients include Rank Group, 888, William Hill, Paddy Power and more.
CONTRACT KILLER, GUN BROS, DEER HUNTER, BLOOD & GLORY, SAMURAI VS. ZOMBIES
DEFENSE, GLU,GLUMOBILEand the 'g' character logo are trademarks of Glu
Jason Enriquez Investor Relations - Glu Mobile
Glu Mobile Inc. Seth Potter
+1 (415) 800-6263 +1 (646) 277-1230
Emma Potter Investor Relations - Probability
Emma.firstname.lastname@example.org David Bick
+44207 092 8836 email@example.com
+44 (0)20 7929 5599
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Glu Mobile Inc. via Thomson Reuters ONE
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