Soul and Vibe Signs Worldwide Licensing Agreement With John Deere
Gaming Company to Create Games and Apps Based on the John Deere Brand
MINNEAPOLIS, MN -- (Marketwired) -- 05/15/14 -- Soul and Vibe
Interactive Inc. (OTCQB: SOUL), "The Company," a video and computer
games company, today announced the signing of a multi-year licensing
agreement to develop and publish new video games, entertainment apps,
and digitally-distributed content based on the John Deere brand.
Under the agreement, Soul and Vibe will develop and publish games and
entertainment apps based on John Deere's extensive line of
agricultural and construction equipment, and more, for consoles,
mobile devices, personal computers, and social media platforms such
as Facebook. The Company also has the rights to develop and publish
John Deere-branded virtual apparel and digital items for Avatars, as
well as other digitally-distributed content.
"We're pleased to announce Soul and Vibe's new relationship with
Deere & Company," said Soul and Vibe's CEO and President Peter
Anthony Chiodo. "I've previously had the pleasure of working directly
with the John Deere brand on a variety of successful games and
entertainment products, and I am extremely excited to have the
opportunity to do so again. The popularity of farming themed games
and simulations is constantly growing. Entering that genre of the
gaming market with a powerhouse brand holds strategic significance
for Soul and Vibe. The John Deere brand strongly appeals to every age
group across the world. Whether it is for the instantly recognizable
equipment, high play-value toys, engaging children's books, or
popular apparel, John Deere is an ideal licensed-brand partner for a
games company. I look forward to sharing details on Soul and Vibe's
plans for a diverse line of games, entertainment apps, and
digitally-distributed content with our gaming customers and
According to the website InsideFacebook, Supercell's farm-themed game
Hay Day maintains an estimated 6.8 million daily user base and
projects daily revenues of over $400,000. Zynga's FarmVille 2 has
approximately 4.1 million daily users and it is estimated that over
400 million people have played Zynga's line of FarmVille games.
VentureBeat notes Zynga brought in 80 million monthly active players
during the height of the original FarmVille's popularity.
In March 2014, Soul and Vibe published Timeless Gems, a
"Free-To-Play" innovative "match-3" puzzle game for Facebook, Android
devices, and Apple's iPhone, iPad, and iPod Touch. Since its
worldwide multi-platform launch, Timeless Gems downloads have rapidly
surpassed 370,000 and, as announced on April 24, 2014, monetized
content sales have outperformed the industry standard for a
About Soul and Vibe Interactive Inc.
Soul and Vibe Interactive Inc.
(also Soul & Vibe Interactive Inc. on www.sec.gov) is a publisher of
games and games-related content for consoles, mobile devices, and
personal computers addressing a $56 billion market projected to grow
to $82 billion by 2015. The Company specializes in the creation of
original intellectual properties and has extensive experience
licensing world-renowned brands from influential companies. Soul and
Vibe has license agreements with General Mills and Deere & Company,
and game development and publishing agreements for the Xbox 360(R)
video game and entertainment system, Windows 8, Windows Live, and
Windows Phone from Microsoft, and the PlayStation(R) 3 computer
entertainment system and PlayStation(R) Vita (PS Vita) from Sony.
Through partnerships with technically sophisticated software
developers located all over the world, Soul and Vibe transforms
unique concepts into engaging, highly accessible, and affordable
games and entertainment experiences. www.soulandvibe.com.
Safe Harbor Statement
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constitutes forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. All statements, trends, analysis, and other information
contained in this press release, including words such as
"anticipate," "believe," "plan," "estimate," "expect," "intend," and
other similar expressions of opinion, constitute forward-looking
statements. Any such forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from any future results described within the forward-looking
statements. Risk factors that could contribute to such differences
include those matters more fully disclosed in the Company's reports
filed with the Securities and Exchange Commission. The
forward-looking information provided herein represents the Company's
estimates as of the date of the press release, and subsequent events
and developments may cause the Company's estimates to change. The
Company specifically disclaims any obligation to update the
forward-looking information in the future. Therefore, this
forward-looking information should not be relied upon as representing
the Company's estimates of its future financial performance as of any
date subsequent to the date of this press release.
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