DGAP-News: Artificial Life Files Lawsuit Against MEDION AG
ID: 419364
06.06.2011 10:46
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BERLIN, HONG KONG and LOS ANGELES, 2011-06-06 10:45 CEST (GLOBE NEWSWIRE) --
Artificial Life, Inc., (OTCBB:ALIFE), a leading provider of award-winning
mobile technology and applications, announced today that it has filed a lawsuit
against major German electronic discounter and distributor MEDION AG (WKN
660500, MDN).
Artificial Life, Inc's wholly owned subsidiary Artificial Life Europe GmbH,
based in Berlin, Germany, has filed a lawsuit and several legal and financial
claims against MEDION AG in the court of Essen (Landgericht Essen), Germany,
the location of MEDION AG's headquarters.
The Company claims unspecified substantial damages for breach of contract,
intellectual property theft, copyright infringement, breach of confidentiality
agreement, and unauthorized download of software from the Company's computer
network.
The Company further requests the court to disallow Medion any usage of its
concepts, designs, intellectual property, and products and demands the
immediate removal of its software to disallow any future Internet and mobile
devices transactions, sales, and applications based in whole or in part on
Artificial Life's products or intellectual property.
Artificial Life also claims damages in excess of $US 6 million for non-payment
for services provided and non-payment of license fees.
About Artificial Life, Inc.
Artificial Life, Inc. has been a pioneer in artificial intelligence and mobile
technology since its inception in Boston in 1994. We are a public US
corporation (OTCBB:ALIFE) with listing on the Frankfurt Stock Exchange
(Frankfurt:AIF) (Xetra:AIF) and headquarters and production center in Hong
Kong. We have additional offices in Berlin, Germany (EMEA headquarters), Tokyo,
Japan, and Santa Monica, USA. Currently our main business areas are: high
quality (3D) interactive (massively multiplayer) mobile games, mobile
participation television, mobile business applications, our powerful mobile
commerce technology platform OPUS-M? and our green IT solutions provided by
Green Cortex, Inc. We have won many industry awards for our outstanding
technology and products.
The Artificial Life logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1669
Facebook: http://www.botme.com/ref/alife-fb
Twitter: http://twitter.com/alifegames
MySpace: http://www.myspace.com/artificial_life_inc
YouTube: http://www.youtube.com/user/alifegames
Forward-Looking Statements:
This press release contains 'forward-looking statements' within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such forward-looking statements
include, without limitation, statements regarding our future results of
operations, financial condition and business prospects. In some cases, you can
identify forward-looking statements by terminology such as 'may', 'will',
'should', 'expect', 'intend', 'plan', 'anticipate', 'believe', 'estimate',
'predict', 'potential', 'continue' or the negative of these terms or other
comparable terminology. Although such statements are based on our own
information and information from other sources we believe to be reliable, you
should not place undue reliance on them. These statements involve risks and
uncertainties, and actual market trends or our actual results of operations,
financial condition or business prospects may differ materially from those
expressed or implied in these forward looking statements for a variety of
reasons. Potential risks and uncertainties include, but are not limited to, our
ability to obtain additional funding to operate and grow our business; the
unproven potential of our mobile gaming business model; changing consumer
preferences and uncertainty of market acceptance of our products; timely
adoption and availability of 3G mobile technology; market acceptance for use of
mobile handheld devices to play the interactive games; unpredictable mobile
game development schedules; our reliance on a relatively small number of
brands; our ability to license brands from others; our dependence upon
resellers and telecommunication carriers and operators to distribute our
products; our ability to successfully develop, introduce, and sell new or
enhanced products in a timely manner; and the timing of new product
announcements or introductions by us or by our competitors. For additional
discussion of these risks and uncertainties and other factors, please see the
documents we file from time to time with the Securities and Exchange
Commission, including our Annual Report on Form 10-KSB filed on March 16, 2010.
We assume no obligation to update any forward-looking statements, which apply
only as of the date of this press release.
CONTACT: Artificial Life IR and PR Contact:
Adeline Law
Tel: (+852) 3102 2800
ir@artificial-life.com
News Source: NASDAQ OMX
06.06.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Artificial Life, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US04314Q1058
WKN:
End of Announcement DGAP News-Service
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Datum: 06.06.2011 - 10:46 Uhr
Sprache: Deutsch
News-ID 419364
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Kategorie:
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