KENT, Ohio, Nov. 29, 2005 (PRIMEZONE) -- Fineline Holdings Inc. (Pink Sheets:FNLH) announced today that it has entered into a distribution rights and licensing agreement for mobile devices with Mobile Streams, Inc. of Richmond, Virginia. GeDo Licensing, the marketing company for Fineline, brokered the agreement. Under the agreement, Fineline will license its content, including over 200 plus original cartoon characters, to Mobile Streams for distribution as downloadable content to a potential market of over 1 billion mobile (cellular) phone users worldwide. And with strong branded partnerships with Adidas, Goal.com, BMG, Trust the DJ and Radio Shack, Mobile Streams is leading the pack in mobile content management and delivery.
Mobile Streams, a global leader in creating and distributing downloadable mobile content, will adapt music, images and video content using Fineline's portfolio of original animated character groups into a format suitable for distribution as mobile content - such as ring tones, animations, video clips, images and other content available via download to mobile phone users.
"With billions of mobile phone customers throughout the world, the revenue potential is tremendous. The potential revenue that may be generated through the vast mobile content market will add substantially to Fineline's revenue stream over the next three years," said Robert Petry, CEO of Fineline Holdings Inc. "Revenue is expected to start immediately and is expected to grow as other products are added to the mix. We are excited about the potential added value we will gain through exposure to the worldwide market as a result of this relationship."
According to industry sources, the global market for mobile entertainment will be worth a stunning $42.8 billion by 2010. Mobile Streams, which distributes content to users in 81 countries, is double the size of any other single content distributor, providing downloadable content to 9 of the 10 major European carriers. Mobile Streams delivers its own globally focused, 'direct to consumer' graphics www.mobilebackgrounds.com and ringtones www.ringtones.com at their websites, the template for its white label site offering, and distributes its content to established industry brands that include Vodafone, Hutchison 3G, Sony Music (UK preferred partner), Sony Ericsson, Samsung Fun Club, Sam's Club (Wal-Mart), Cingular, and Sonera Zed.
About Mobile Streams, Inc.
Mobile Streams is the leading creator and distributor of downloadable mobile content. Its products include monophonic, polyphonic and voice ringtones, color wallpapers, animated color screensavers, animated MMS messages and downloadable or streamed video. Mobile Streams has accumulated a library in excess of 25,000 pieces of content and has taken a 'full service' approach to the value chain that includes the provision of: market evaluation and campaign consultancy, rights acquisition, content creation, WAP portal and web site creation, hosting, delivery, billing, licensing, and reporting, all of which are handled internally.
Mobile Streams maintains close working relationships with the mobile network operators and supplies a great deal of content direct to their portals. As one of the first partners to supply the Vodafone Live! portal with downloadable content in the UK, Mobile Streams remains as a preferred supplier for the O2 Revolution service. Globally, Mobile Streams supplies content to 8 of the 10 largest mobile network operators. WWW.Mobilestreams.com
About Fineline Holdings, Inc.
Fineline Holdings, Inc. creates original cartoon characters for licensing and film & television animation. Their team of artists develops original cartoon characters with an eye on current market trends as well as recognized names. From concepts and sketches all the way to the manufacturer style guides. Fineline's entire library of more than 200 new cartoon characters in over 20 character groups for 'teens, kids and adults, covering the Internet, sports, satires, just plain fun, and much more can be viewed at http://www.finelineproperties.com.
About GeDo Licensing a division of GeDo Designs, Inc.
Gedo Licensing was created to better serve, it's clients and it's properties in the kids / youth market segment GeDo Designs with over 60 years combined experience in toy, pet products and product design. Creating GeDo Licensing will help focus our presence in the licensing market place. GeDo Designs represents Fineline Properties and other original cartoon characters for licensing and film & television animation. With complete product design, branding, marketing, engineering and prototyping to round out its services. http://www.GeDoDesigns.com
Safe Harbor Statement:
The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the Company's control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the Company's properties and other factors could cause actual results to differ materially from the Company's expectations.