Glu Mobile Launches First Real-Money Gambling Offering with Probability
(Thomson Reuters ONE) -
Glu Mobile Launches First Real-Money Gambling Offering with Probability
Mobile slot game featuring intellectual property from Glu's popular Samurai vs.
Zombies Defense is immediately available in the UK
San Francisco, Calif. - Mar. 12, 2012 - Glu Mobile Inc. (NASDAQ: GLUU), a
leading global developer and publisher of freemium games for smartphone and
tablet devices, today announced the availability of the company's first real-
money mobile gambling offering through Probability plc, the mobile entertainment
gambling provider. The mobile slot game features intellectual property from
Glu's popular Samurai vs. Zombies Defense and is made available to mobile real-
money gamers in the UK through Probability's distribution network.
"We are pleased to expand our mobile portfolio to include real-money gambling.
We anticipate that real-money gambling will continue to gain momentum globally
and believe that with this offering, Glu is well positioned to capitalize to the
extent that additional markets adjust regulations," said Niccolo de Masi, Chief
Executive Officer of Glu Mobile. "We plan to leverage Probability's extensive
partner network to further extend Glu's successful original IP to new
demographics."
Glu and Probability entered into a strategic relationship for real-money
gambling in 2012 and plan to offer additional Glu-branded mobile gambling games.
Glu original IP-branded casino games will be offered as part of the Probability
portfolio and will be offered to a broad range of Probability's partners such as
Paddy Power, William Hill, and Probability's white label partners.
The relationship is structured so that Probability provides a comprehensive
operational role, accepting all regulatory responsibilities.
###
Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements, including that as we
anticipate that real-money gambling will continue to gain momentum globally; our
belief that Glu is well positioned to capitalize to the extent that additional
markets adjust regulations; that we plan to leverage Probability's extensive
partner network to further extend Glu's successful original IP to new
demographics; and our expectation that Glu's original IP-branded casino games
will be offered as part of the Probability portfolio and will be offered to a
broad range of partners such as Paddy Power, William Hill and Probability white
label partners. These forward-looking statements are subject to material risks
and uncertainties that could cause actual results to differ materially from
those in the forward-looking statements. Investors should consider important
risk factors, which include: the risk that real-money mobile gaming does not
grow as significantly as we anticipate or does not expand to additional markets;
the risk that consumer demand for smartphones and tablets does not grow as
significantly as we anticipate or that we will be unable to capitalize on any
such growth; the risk that we do not realize the expected benefits from our
strategic relationship with Probability; and other risks detailed under the
caption "Risk Factors" in our Form 10-Q filed with the Securities and Exchange
Commission on November 9, 2012 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
Glu Mobile (NASDAQ:GLUU) is a leading global developer and publisher of freemium
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, Google Chrome, 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, 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.
Probability plc
Founded in 2004 and headquartered in London, Probability is the largest direct-
to-mobile gambling service in the UK, serving both B2B and B2C audiences. The
company holds gambling licenses in Gibraltar and Italy, and gambling operations
are hosted in Gibraltar. Probability shares trade on the AIM market of the
London Stock Exchange with the symbol PBTY.
GUN BROS, DEER HUNTER, BLOOD & GLORY, SAMURAI VS. ZOMBIES DEFENSE,
GLU, GLU MOBILE and the 'g' character logo are trademarks of Glu Mobile Inc.
Media Contacts
Jason Enriquez
Glu Mobile Inc.
PR(at)glu.com
(415) 800-6263
Investor Relations
Seth Potter
ICR Inc.
IR(at)glu.com
(646) 277-1230
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. 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 the information contained therein.
Source: Glu Mobile Inc. via Thomson Reuters ONE
[HUG#1684590]
Unternehmensinformation / Kurzprofil:
Datum: 12.03.2013 - 13:00 Uhr
Sprache: Deutsch
News-ID 238587
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