LOS ANGELES and HONG KONG, Dec. 11, 2008 (GLOBE NEWSWIRE) -- Artificial Life, Inc. (OTCBB:ALIF) (www.artificial-life.com), a leading full service provider of award-winning mobile technology, games and applications, today announced that the company is ranked 20th in the Deloitte Technology Fast 500 Asia Pacific 2008 with a compounded growth rate of 2075% in revenues for the period from 2005 to 2007. Artificial Life is the only company in the telecommunication/networking industry among the top 20.
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The Deloitte Technology Fast 500 Asia Pacific program recognizes technology companies that have achieved the fastest rates of annual revenue growth in the Asia Pacific during the past three years. It includes companies based in Australia, China, Hong Kong SAR, India, Indonesia, Japan, Macau SAR, Malaysia, Philippines, New Zealand, Singapore, South Korea, Taiwan, Thailand and Vietnam. The program is supported by the Deloitte Technology Fast 50 initiatives, which rank high growth technology companies by location or specifically defined geographic area and is sponsored by Deloitte's Technology, Media & Telecommunications (TMT) global industry group.
Artificial Life previously ranked 8th in the Deloitte Technology Fast 50 China program which was announced last month.
"We are honored to be recognized again by the Deloitte Technology Fast 500 program in the Asia Pacific region for our business development," said Eberhard Schoneburg, CEO of Artificial Life, Inc.
The Company also announced that one of Artificial Life's key products, the innovative MoPA-TV(tm) cross platform technology, received additional industry recognition in the mobile entertainment field. The technology was recently nominated as a finalist for the Mobile Excellence Awards in the category of Best Innovator, Mobile Entertainment.
MoPA-TV was also a finalist in the GSMA Asia Mobile Awards 2008 under the category of Best Mobile Music, TV or Video Service. In addition, in October of 2008, MoPA-TV was proclaimed the winner at the MIPCOM Mobile and Internet Screening 2008 in the category of Cross Media Engagement Format.
About Artificial Life, Inc.
Artificial Life, Inc. (OTCBB:ALIF) is a public US corporation headquartered in Los Angeles, with its production center in Hong Kong and additional offices in Berlin (EMEA headquarters) and Tokyo. As a leading, full-service provider of mobile broadband 3G technology, mobile participation TV, mobile gaming, content and business applications, Artificial Life provides 2D and 3D multi- and single player rich-media applications for 3G, 3.5G and 4G network-enabled mobile phones. Recognized internationally for outstanding content quality and technology, Artificial Life transcends traditional modes of mobile communications and interactive gaming. For more information, please visit www.artificial-life.com or the company's m-commerce portal at 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 March 13, 2008. We assume no obligation to update any forward-looking statements, which apply only as of the date of this press release.
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