HONG KONG, Aug. 4, 2014 (GLOBE NEWSWIRE) -- China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (Nasdaq:CMGE), the largest publisher and a leading developer of mobile games in China, today announced that it has signed a licensing agreement with SNK Playmore Corporation to publish Android version of mobile games: The King of fighters '97, Samurai Spirits II and Metal Slug 2. In addition, CMGE also obtained the right to re-develop card game based on Samurai Spirits.
"We have been a game company providing varieties of games to people all over the world. The King of fighters, Samurai Spirits and Metal Slug were the gems in the age of arcade game," said Toyama Koichi, President and CEO of SNK Playmore Corporation. "We have signed agreement with CMGE on SNK's games and IP development in China mobile game market. CMGE is the best mobile game publisher and a leading developer in China and this cooperation has been going smoothly. We look forward to working together with CMGE and the outstanding performance.
"We are delighted to cooperate with SNK Playmore Corporation. The King of fighters, Samurai Spirits and Metal Slug series are all classic fighting and shooting games that have great impacts on players and arcade game culture as well. CMGE has been working diligently to provide great mobile games to extensive players. We will promote the three classic games to the mainland China market and will develop card game based on Samurai Spirits. We will combat piracy with SNK Playmore Corporation together to protect corresponding IP rights."
About CMGE
CMGE is the largest publisher and a leading developer of mobile games in China with integrated capabilities across the mobile game value chain. Its fully integrated capabilities include the development, licensing, publishing, distribution and operation of mobile games, primarily in China. Its social games are mainly developed for Android and iOS-based smartphones. CMGE's extensive distribution network includes its proprietary Game Center application, handset pre-installations, application stores and web platforms and mobile network operators. The offices are in Guangzhou, Shenzhen, Beijing, Chengdu, Shanghai and Hong Kong. The Company's stock is traded on NASDAQ under the symbol CMGE. For more corporate and product information, please visit CMGE's website at http://www.cmge.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. CMGE may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about CMGE's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: CMGE's growth strategies as well as business plans; its future development, results of operations and financial condition; its ability to continue to develop new and attractive products and services; its ability to continue to develop new technologies or upgrade its existing technologies; its ability to attract and retain users and customers and further enhance its brand recognition; the expected growth of and trends in the mobile game industry in China; PRC governmental policies and regulations relating to the mobile game industry in China; and competition in the mobile game industry. Further information regarding these and other risks is included in CMGE's annual report on Form 20-F for the year ended December 31, 2013 and other documents filed with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and CMGE undertakes no duty to update such information, except as required under applicable law.