FRANKFURT, Germany, HONG KONG and LOS ANGELES, March 22, 2010 (GLOBE NEWSWIRE) -- Artificial Life, Inc. (OTCBB:ALIF) (Frankfurt:AIF) (XETRA:AIF) (http://www.artificial-life.com), a leading provider of award-winning mobile 3G technology and applications, announced today its admittance to the Entry Standard of the German stock exchange.
Deutsche Börse AG has approved the application for the inclusion of Artificial Life, Inc.'s shares in the Entry Standard with effect from March 22, 2010. Frankfurt based Close Brothers Seydler Bank AG, the designated sponsor for Artificial Life's listing, worked with Artificial Life, Inc. on the admittance of the Company from the over-the-counter market to the Entry Standard.
The changeover to the Entry Standard, which involves more stringent transparency requirements, reflects the increased interest in Artificial Life, Inc. among institutional investors.
The Company's current NASDAQ over-the-counter listing and trading of Artificial Life's shares in the United States will not be affected by this change.
Eberhard Schöneburg, Chief Executive Officer of Artificial Life, Inc., added, "A change from the Open Market to the Entry Standard enables Artificial Life, Inc. to position itself more prominently in the European capital markets. The Company has already provided its investors with additional information and we see this as a formal step to show our investors in Europe that we are committed to meeting higher transparency standards of Deutsche Börse AG."
About Close Brothers Seydler Bank AG
Close Brothers Seydler Bank AG is focused on mid-sized companies and has been part of the London Exchange listed Close Brothers Group plc since 2005. Among its core business areas are Designated Sponsoring, Corporate Finance, Equity Sales and Research, Fixed Income Sales, Equity trading, Fixed Income trading and Floor Specialist Trading on the Frankfurt Stock Exchange in over 2,100 domestic and international equity and fixed income securities. The Bank is currently market leader in Designated Sponsoring with 170 mandates at last count and in this capacity, is responsible for active trading and improved liquidity in the shares of its mandates. The Capital Markets team at Close Brothers Seydler Bank AG assists company management with the planning, structuring and placement of capital market transactions.
This includes the structuring and execution of initial public offerings (IPOs), capital increases and placement of equity block trades. In the fixed income area, the team provides expert services in the structuring and placement of convertibles and corporate bonds.
Close Brothers Seydler Research AG, a subsidiary of the Bank, has a reputation for being one of the most prominent analyst houses covering mid-sized German companies.
About Artificial Life, Inc.
Artificial Life, Inc. has been a pioneer in artificial intelligence and mobile technology since its inception in Boston in 1994. We are a public U.S. corporation (OTCBB:ALIF) (Frankfurt:AIF) (XETRA:AIF) with headquarters in Los Angeles. Our production center is in Hong Kong and we have additional offices in Berlin, Germany (EMEA headquarters) and Tokyo, Japan. As a leading provider of broadband mobile content and technology solutions in the world, we develop and sell a wide range of mobile applications for 3G, 3.5G and 4G network-enabled mobile (smart) phones. Currently our main business areas are: high quality 3D interactive multi- and single- player mobile games, mobile participation television (MoPA-TV™), mobile business applications (Mobil Diab® and Mobile Property) and our mobile commerce technology platform (OPUS-M™). We are supporting all major mobile phone operating systems and platforms such as J2ME, iPhone and iPod touch OS, Android, Brew and DoJa. Recognized internationally for outstanding content quality and technology we have received many international awards and have been ranked one of the fastest growing companies in Asia Pacific by Deloitte. For more information about Artificial Life, Inc., please visit our websites www.artificial-life.com or www.botme.com
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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-K filed on March 16, 2010. We assume no obligation to update any forward-looking statements, which apply only as of the date of this press release.