MIAMI, Sept. 24, 2013 (GLOBE NEWSWIRE) -- Intelligent Living Inc. (OTCQB:ILIV) announced today the establishment of their platform for researching and further development of products and services in their already recognized MIND360.com brain games. The platform is called MIND360 Studios and it will become the assemblage of experts, designers and scientists within the world of gaming and social science with the view of developing and designing edugames for ADHD, PTSD and emotional distress.
"With the establishment of MIND360 Studios, ILIV is furthering our mission of building products that support the well-being of our customers and ultimately providing value to the entire ecosystem of ILIV- clients, caretakers, shareholders and stakeholders alike," said Victoria Rudman, CEO.
According to Ambient Research, the worldwide game-based learning market reached $1.2 billion in 2011. The global growth rate is 15.4% and revenues will more than double to $2.5 billion by 2015.
"Federal agencies, particularly the military, are avid users of edugames as are healthcare concerns that use edugames for patient education, disease prevention, and behavior modification. These are serious segments of revenue that we will be going after in the coming years. The focus will be on delivery of games via mobile and web-based applications and acting as a resource for custom built applications as well," L. Josh Eikov, Chief Strategy Officer said.
About Intelligent Living, Inc.
Intelligent Living Inc. operates as a development stage company focused on the ever-expanding age management and wellness markets. Its markets include exercise, nutrition, supplements, mental acuity testing and training, through our newly acquired subsidiary MIND360, and hormone replacement therapy. The Company, based in Florida, is a health and wellness company engaged in the development of software and technology to aid in age management and cognitive health. The mission of Intelligent Living is to improve a person's quality and function of daily living over a span of many years.
Forward Looking Statements
This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act") and as such, may involve risks and uncertainties. Intelligent Living Inc. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful integration of diversified growth companies, impact of the company's expansion plan, and new business development success, future financial results, development and acquisition of new product lines and services, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.