HONG KONG and LOS ANGELES, Oct. 9, 2006 (PRIMEZONE) -- Hong Kong based Artificial Life, Inc. (OTCBB:ALIF), a leading provider of award winning mobile technology and applications, today announced that it has signed a licensing deal with CBS Digital Media to develop a series of mobile games.
Artificial Life has acquired the rights to develop several mobile 2.5G, 2.75G and 3G games over a license period of 2 years and to sell and distribute them in the USA markets and on a global basis.
The games will be developed and published by Artificial Life and jointly sold and distributed with CBS Digital Media. The games will be sold through off-deck channels via online storefronts and Artificial Life is responsible for distribution through on-deck channels with operators, handset pre-installments and online direct sales.
"This license agreement with CBS Digital Media opens up a new and promising business opportunity and partnership with some of the best content brands out there. The licensed properties are very well known throughout many countries in the world so we expect high interest from our clients as well as from resellers and operators. We will develop some very innovative and cool new mobile games with features so far unseen in this field. The first product will be released already very soon," said Eberhard Schoeneburg, CEO of Artificial Life, Inc.
About Artificial Life
Artificial Life, Inc. (OTCBB:ALIF) is a public U.S. corporation headquartered in Hong Kong and a leading global provider of award winning mobile technology, content, games and applications (www.artificial-life.com ; www.botme.com ; www.v-girl.com).
About CBS Digital Media
CBS Digital Media operates CBS's online, interactive and wireless initiatives. The group currently operates a multitude of websites, including CBS.com, innertube -- an advertising supported broadband channel, CBSNews.com, ShowBuzz, CBS SportsLine.com and startrek.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Artificial Life, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the "Risk Factors" described in the Company's Annual Report or Forms 10-K, 10-K(SB) or 10-Q(SB) for the recent fiscal years. All information set forth in this press release is as of October 9, 2006 and Artificial Life, Inc. undertakes no duty to update this information unless required by law.