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CMGE Signed Exclusive Agreement With TECMO KOEI GAMES CO., LTD. to Publish Mobile Game Uncharted Waters 5 in China(June 30, 2014)
HONG KONG, June 30, 2014 (GLOBE NEWSWIRE) -- China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (Nasdaq:CMGE), the largest publisher and a leading developer of mobile games in China, today announced that it has signed an exclusive licensing agreement with TECMO KOEI GAMES CO., LTD. ("TKG") to publish mobile game Uncharted Waters 5 in Mainland China for three years.
Uncharted Waters has been the classic simulation and role-playing game series on adventurous sailings and explorations firstly published during the year of 1990. The series up till Uncharted Waters 4 and Uncharted Waters Online have been very popular with a large cult following. After the release of Uncharted Waters 4 in 1999, it has been 15 years until the launch of the Uncharted Waters 5. The Uncharted Waters 5 will be released on PC, web-based and mobile game versions.
TKG is a famous Japanese gaming software company founded in 1978, and best known for its simulation games based on history. The series Nobunaga's Ambition, Romance of the Three Kingdoms, TaiKo Risshiden, and Uncharted Waters are all created against the backdrop of world history and their games have been very popular among Chinese speaking areas in the world.
"As the first mobile game company listed on Nasdaq in China, CMGE has extensive experience in mobile game publishing and operating. In 2013, CMGE was ranked No.1 mobile game publisher in terms of market share and successfully published many mobile games with monthly gross billing over RMB10 million," said Xiao Jian, CEO of CMGE. "We are dedicated to deliver competitive mobile games to players and games developed by TKG with strong historical and cultural background fulfill our target. We are delighted to cooperate with TKG and look forward to more cooperation in the future."
CMGE is the largest publisher and a leading developer of mobile games in China with integrated capabilities across the mobile game value chain. Its fully integrated capabilities include the development, licensing, publishing, distribution and operation of mobile games, primarily in China. Its social games are mainly developed for Android and iOS-based smartphones. CMGE's extensive distribution network includes its proprietary Game Center application, handset pre-installations, application stores and web platforms and mobile network operators. The offices are in Guangzhou, Shenzhen, Beijing, Chengdu, Shanghai and Hong Kong. The Company's stock is traded on NASDAQ under the symbol CMGE. For more corporate and product information, please visit CMGE's website at http://www.cmge.com.
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: CMGE's growth strategies as well as business plans; its future development, results of operations and financial condition; its ability to continue to develop new and attractive products and services; its ability to continue to develop new technologies or upgrade its existing technologies; its ability to attract and retain users and customers and further enhance its 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; and competition in the mobile game industry. Further information regarding these and other risks is included in CMGE's annual report on Form 20-F for the year ended December 31, 2013 and other documents filed with the Securities and Exchange Commission. 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
Tel: +852 2700 6168
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