Glu Mobile Inc. : Glu Mobile Expands Operations in Asia
Glu Mobile Expands Operations in Asia
Shinsuke Mori and Jay Kim will lead Glu's efforts to grow 1^st and 3^rd party
publishing in Japan and Korea
San Francisco, Calif. - August 7, 2013 -Glu Mobile Inc. (NASDAQ: GLUU), a
leading global developer and publisher of free-to-play games for smartphone
and tablet devices, today announced that the company has expanded its
operations in Asia in both Japan and Korea. Gaming veterans Shinsuke Mori and
Jay Kim will lead offices in Tokyo and Seoul respectively, with a focus on
growing 1^st and 3^rd party publishing. Glu recently opened an office in Seoul
and is establishing a legal entity in Japan.
"Glu continues to expand across Asia at a rapid pace and we are pleased to add
the expertise of Shinsuke Mori and Jay Kim to our team," said Chris Akhavan,
Glu Mobile President of Publishing. "We anticipate that their deep knowledge
of the Japanese and Korean gaming markets will strengthen our 1^st and 3^rd
party growth. Glu remains focused on forging new relationships in Asia while
continuing to bring great content to more gamers across the region."
Original Glu IP continues to fuel growth in Asia as titles like Eternity
Warriors II, Frontline Commando: D-Day, and Contract Killer 2 grow in consumer
popularity. The company's Non-GAAP smartphone revenues in APAC have grown 32%
year over year.
Glu's 3^rd party publishing business is quickly adding new titles to the
distribution pipeline and is on track to launch 6 titles in 2013, with at
least 12 in 2014. The program has expanded beyond publishing only proven
successes, to incubating titles still in development. The company has already
begun exploring opportunities to work with proven talent and teams on titles
that are still in pre-launch, development stages.
Shinsuke Mori - Glu Japan
Shinsuke Mori will be joining Glu as Japan Country Manager and brings deep
expertise in the Japanese gaming market. Prior to Glu, Mori held various
positions at GREE including Head of Product at GREE UK. Mori also spent seven
years at Namco Bandai Games where he contributed to game production and
international marketing. Mori is based in Tokyo and can be reached at
Jay Kim - Glu Korea
Jay Kim recently joined Glu as Korea Country Manager and will oversee the
growth of Glu's business in the Korean market. With over 10 years of sales and
marketing experience in the gaming/IT industry, Kim brings strong gaming
experience and a wealth of industry connections to the Korean gaming industry.
Before joining Glu, he was a Korea Country Manager for the U.S. based gaming
gear brand, Razer. Kim is based in Seoul and can be reached at
Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements, including that: we
anticipate that Mr. Mori's and Mr. Kim's deep knowledge of the Japanese and
Korean gaming markets will strengthen our 1^st and 3^rd party growth; Glu
remains focused on forging new relationships in Asia while continuing to bring
great content to more gamers across the region; and Glu is on track to launch
6 titles in 2013, with at least 12 in 2014. Investors should consider
important risk factors, which include: the risks inherent with doing business
internationally; the risk that we will not meet our goals with regard to third
party title launches; and other risks detailed under the caption "Risk
Factors" in our Form 10-Q filed with the Securities and Exchange Commission on
May 10, 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.
Glu Mobile (NASDAQ:GLUU) is a leading global developer and publisher of
free-to-play 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, 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, India, Japan, Korea, 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 Facebook.com/glumobile.
ETERNITY WARRIORS, FRONTLINE COMMANDO, CONTRACT KILLER, GUN BROS, DEER HUNTER,
BLOOD & GLORY, SAMURAI VS. ZOMBIES DEFENSE, GLU, GLU MOBILE and the 'g'
character logo are trademarks of Glu Mobile Inc.
Glu Mobile Inc.
Investor Relations Contact
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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