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Soul and Vibe Licenses Its Games to Tanjarine(July 24, 2014)
MINNEAPOLIS, July 24, 2014 (GLOBE NEWSWIRE) -- Soul and Vibe Interactive Inc. (OTCQB:SOUL), "The Company," a video and computer games company, today announced that it has entered into a license agreement with Tanjarine, a subsidiary of TouchTunes, the largest provider of in-venue music and entertainment throughout North America.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=26686
Tanjarine is the first integrated tabletop ordering, entertainment and pay-at-the-table solution to combine 10" proprietary tabletop tablets with server handhelds, which expedites service, payment, and second screen TV's. The platform provides guests with menu and entertainment options, portability that eliminates the constraints of one-tablet-per-table installations, and other innovations that help increase restaurant efficiency and average check size. Customizable for bars and restaurants, Tanjarine's catalog of entertainment offers games, music and content that targets everyone from families to sports fans to couples and more. Many of the games also enable guests to play with a friend or connect the tabletop tablets to second screens TV's located throughout a venue, creating a more interactive gaming experience.
Soul and Vibe created a unique version of its highly popular innovative "match-3" game, Timeless Gems, for Tanjarine. Timeless Gems was officially launched on the Tanjarine platform in early July 2014. In addition to Timeless Gems, Tanjarine has licensed other Soul and Vibe games for their platform. Specifics will be publicly disclosed in the coming weeks.
"We are very happy to announce our relationship with Tanjarine," said Soul and Vibe's CEO and President, Peter Anthony Chiodo ("Tony"). "Soul and Vibe's appearance on the Tanjarine platform is a great opportunity for our Company. We are able to expand the awareness of both the Soul and Vibe brand and our games, like our innovative "match-3" puzzler, Timeless Gems. Our inclusion on the Tanjarine platform broadens our customer base and sets up a revenue-generating marketing vehicle for our games. We aim to forge a long-term relationship with Tanjarine, a relationship that we foresee being mutually beneficial as our two businesses grow. We are honored to have had Timeless Gems selected for their platform."
"We are creating our 'gold standard' by selecting high quality entertainment for our broad user base, and Timeless Gems delivers on all fronts," said Stacy Rademacher, Executive Producer of Games & Entertainment at Tanjarine. "Our partnership with Soul and Vibe reiterates both companies' level of commitment as it gives us the opportunity to expand our rapidly growing platform with what restaurant guests want - fun and engaging entertainment."
During the 1st Quarter, Soul and Vibe launched 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 500,000 and, as announced in April 2014, monetized content sales have outperformed the industry standard for a "Free-To-Play" game.
Timeless Gems is a "match-3" game in the same popular genre as Candy Crush. In Timeless Gems, your favorite storybooks come to life in an innovative "match-3" puzzler that's wrapped in a board game. Timeless Gems creates an innovative play experience by combining highly popular "match-3" game play with board game elements. This combination lets players experience classic stories like Dracula, Alice's Adventures in Wonderland, and The Wonderful Wizard of Oz in a whole new way. Playing as core characters from the classic books in the Timeless Gems library, you'll meet a colorful cast of heroes and villains. Match gems, power up, and connect and play with your friends on Facebook. The game was developed by Telos Entertainment.
To view the official trailer for Timeless Gems, as well as the individual trailers for all "books" currently featured in the Timeless Gems library, visit the official Timeless Gems Facebook app page, www.facebook.com/timelessgemsgame. Additional information and updates can be found on the official Soul and Vibe website: http://www.soulandvibe.com and the game's official website, www.timelessgemsgame.com.
Play Timeless Gems here: www.facebook.com/timelessgemsgame
Official Timeless Gems Site: www.timelessgemsgame.com
Soul and Vibe Investor Page: http://ir.soulandvibe.com
Tanjarine is an integrated dining and entertainment platform that allows restaurant guests to order from digital menus, play games and music, and pay from tablets at their tables. The company's services are designed to dramatically improve restaurant service levels by giving guests more choice and engagement during their dining and entertainment experience. The company is based in Mountain View, CA, and is a subsidiary of TouchTunes, the largest provider of in-venue music and entertainment. For more information, visit www.tanjarine.com.
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® video game and entertainment system, Windows 8, Windows Live, and Windows Phone from Microsoft, and the PlayStation® 3 computer entertainment system and PlayStation® 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
This press release contains information that 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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CONTACT: Investor Relations
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