HONG KONG, Oct. 26, 2007 (PRIME NEWSWIRE) -- Hong Kong based Artificial Life, Inc. (OTCBB:ALIF), a leading provider of award-winning mobile 3G technology and applications, announced today the hiring and appointment of Frank Namyslik as its new global financial controller.
As the global controller Mr. Namyslik will oversee the global financial activities of the company and its subsidiaries in Germany and Japan. Mr. Namyslik will also act as the company's compliance officer for the implementation of Sarbanes Oxley controls and procedures. Mr. Namyslik is one of the original founders of Artificial Life and had been employed with the company in the past as a consultant. From 1996 until 2000 he was the managing director of the German IT provider Qnet Systems GmbH. Between 2000 and 2003 he worked as a financial consultant. From 2003 until re-joining Artificial Life in 2007 he was the head of finance and a controller for an institute of the University of Arts in Berlin, Germany.
"With our global expansion and the consolidation of three country entities we need to expand our human resources in the finance department as well. The Sarbanes Oxley compliance for 2008 is an important issue and needs dedicated resources. In addition, after the acquisition of SMS Galaxy and the recent mobile diabetes system we are actively pursuing and evaluating further IP and corporate acquisitions and hence need to have more senior finance personal on board to handle the due diligence processes and financial matters," said Eberhard Schoneburg, CEO of Artificial Life, Inc.
About Artificial Life, Inc.
Artificial Life, Inc. (OTCBB:ALIF) is a public U.S. corporation headquartered in Hong Kong with offices in Berlin, Germany and Tokyo, Japan. Artificial Life is a leading global provider of award winning mobile technology, content, games and applications (for more details see also our homepage www.artificial-life.com and our m-commerce website www.botme.com).
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 April 3, 2007. We assume no obligation to update any forward-looking statements, which apply only as of the date of this press release.