LOS ANGELES, Calif., July 26, 2004 (PRIMEZONE) -- uWink, Inc. (OTCBB:UWNK), a designer, developer and marketer of entertainment software for video game terminals and amusement vending machines, today announced the addition of Michael Newman as Director of Merchandise for its new line of innovative "Entertainment Vending" machines, labeled the "uW1000 Series". Mr. Newman brings to uWink significant experience in creating, developing and managing successful retail merchandise lines. Most notably, Mr. Newman was formerly responsible for developing hard-line products, including plush, collectibles and home entertainment-based merchandise for the Disney Store chain. Most recently he was responsible for spearheading the design and merchandise assortment strategy for the upcoming Bratz Online Retail Site for MGA Entertainment, Inc., home of the Bratz Doll Line.
Mr. Newman will be responsible for creating marketing and merchandising programs for the new uW1000 Series Entertainment Vending retail units. With its on-screen demonstration capability, the patent-pending uW1000 combines the fun of a video game, the convenience of vending, and retail style merchandising to provide a powerful and economical way to distribute a variety of products in almost any location. Mr. Newman is focused on developing the product lines into popular and desirable brands with the goal of establishing significant recurring revenue for the company. "I see this as an enormous opportunity to significantly impact both the retail and the coin-op industries at the same time," commented Mr. Newman. "With the uW1000 Series, uWink has merged entertainment technology with the retail world and developed a product delivery platform that can be adapted to a number of products and venues. This technology, in conjunction with some of the product lines we have in development, promises to provide a significant new revenue stream for the coin op industry."
About uWink
uWink, Inc. is a technology-based entertainment company focused on 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 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 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.
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 uW1000 Series sales; (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 uWink's periodic filings with the Securities and Exchange Commission. uWink assumes no obligation to update any of the forward-looking statements in this release.