LOS ANGELES, July 19, 2004 (PRIMEZONE) -- uWink, Inc. (OTCBB:UWNK), a designer, developer and marketer of entertainment software for video game terminals and amusement vending machines, today announced it is seeing a substantial increase in order activity for its SNAP! game terminal in Japan.
"We are very pleased with our reception in Japan, and we expect continued order flow at even higher rates in the coming months as we build upon our already strong initial base of installations," commented Ray Hibarger, Executive Vice President of Sales and Marketing of uWink, Inc. "Japanese players have embraced uWink games with great enthusiasm. Full cash boxes are the rule rather than the exception, making SNAP! a hugely attractive business proposition for Japanese owner-operators in a virtually untapped market."
About uWink
uWink, Inc. is a pioneering force in the emerging medium of mass-market digital entertainment, including the launch of a hybrid class of ENcommerce (entertainment commerce) games, terminals and vending machines. uWink is led by electronic entertainment visionary and pioneer Nolan Bushnell, who was the founder and former CEO of Atari Corporation and Chuck E Cheese's Pizza Time Theater. At uWink, Mr. Bushnell has focused his legendary skills on creating, developing and launching innovative consumer entertainment concepts with broad mass-market appeal. uWink continues to expand its installed base of entertainment platforms concurrent with the development of a range of new concepts that target fresh market opportunities and applications. Many of these initiatives are scheduled for trial or test marketing in 2004.
Forward Looking Statements
The statements contained in this press release that are not historical are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding our expectations, beliefs, intentions or strategies regarding the future. uWink intends that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, among other things: (1) the success of SNAP! terminal sales and SNAP!'s ability to provide significant replacement revenue for New Zealand pubs and other public gathering places; (2) uWink's expected revenue and earnings growth; and (3) estimates regarding the size of target markets. These statements are qualified by important factors that could cause uWink's actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) uWink's ability to obtain development financing as and when needed, (2) uWink's ability to generate and sustain profitable operations, and (3) the market's acceptance of uWink's products and services. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties as more fully described in the Company's periodic filings with the Securities and Exchange Commission. uWink assumes no obligation to update any of the forward-looking statements in this release.