HONG KONG, Nov. 7, 2007 (PRIME NEWSWIRE) -- Hong Kong-based Artificial Life, Inc. (OTCBB:ALIF), a leading full service provider of award-winning broadband mobile technology and applications, announced today their concrete plans to enter the Korean mobile market in concert with its core technology adaptation and expansion into 4G technology.
The Company announced that it is actively evaluating potential acquisition targets in Korea. The Company also announced that it will enhance its current SEMP middleware platform, which already fully supports 3G and 3.5G (HSDPA) networks and devices, to now also support 4G networks, applications and devices. The current SEMP will be enhanced with new 4G features and modules that will allow easier and better implementations of real-time video streaming, massive and real-time multi-user games and massive social networking mobile applications.
"We have recently announced our expansion into new mobile business areas. Now we are taking the next step to also leap forward on the technology front. Korea is the world's second largest 3G and 3.5G market and therefore a key target market for us and our products. In addition, Korea is a world leader and very active in preparing and launching 4G networks and devices, which is another quantum leap forward for mobile technology. 4G networks and devices will allow so far unforeseen multi-user and social networking applications. Our proprietary SEMP technology will, in the coming months, be adapted to support the full range of possible 4G applications. We therefore think it is an appropriate time for us to enter this fascinating mobile market," 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 EMEA headquarters in Berlin, Germany and a sales office in Tokyo, Japan. Artificial Life is a global full service provider of award-winning mobile technology, content, games and applications. The Company's services and products include: mobile games, mobile TV, mobile marketing, mobile product placements, mobile business applications, mobile aggregation and distribution and mobile middleware technology (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.