FOR IMMEDIATE RELEASE
LOS ANGELES - (January 13, 2005) - Global wireless entertainment publisher JAMDAT Mobile Inc. (NASDAQ: JMDT) announced today an investment in Chinese wireless entertainment distributor, C-Valley. This investment allows JAMDAT to distribute its wireless content in China through C-Valley.
Based in Beijing, C-Valley is one of China's leading wireless entertainment distributors. C-Valley has forged strong relationships with two of the largest wireless carriers in the world, China Mobile and China Unicom, and also developed comprehensive distribution services. The company is led by Leo Liu, President and CEO, who was instrumental in launching some of the first wireless games and content in China during his tenure at Motorola China.
"Our investment in C-Valley is consistent with our focus on the establishment of strong local carrier relationships," said Mitch Lasky, Chairman and CEO of JAMDAT Mobile Inc. "We will bring our entertainment content to the burgeoning Chinese market through C-Valley's relationships with wireless carriers, handset manufacturers and retailers."
Other C-Valley investors include ACCESS Co., Ltd, a global provider of mobile content delivery and Internet access technologies, and TOSE Co., Ltd, Japan's largest outsourced software developer of video game software for home use and entertainment applications for mobile phones.
"This investment is a marriage between technology and content. C-Valley becomes the distribution vehicle that is loaded with branded content and powered by Access!," said Pierre Suhandinata, the President of Access China Inc.
"We are excited to partner with a market leader. We will combine our local market knowledge with their content and technology to deliver entertainment value to the Chinese customers," said Leo Liu, President and CEO of C-Valley Inc.
About JAMDAT Mobile
JAMDAT Mobile Inc. (NASDAQ: JMDT) is a global publisher of wireless entertainment applications, including games, ring tones, images and other content. JAMDAT's application portfolio is based on original and licensed intellectual properties and includes "JAMDAT Bowling," "Lemonade TycoonTM," "Bejeweled," "The Lord of the Rings®," "Tony Hawk's® Underground" and "Scrabble®." JAMDAT distributes its applications through wireless carriers, including Boost Mobile, China Mobile, Cingular Wireless, 02 (UK), Nextel, NTT DoCoMo, Orange, Sprint, Telefonica Moviles, T-Mobile, Verizon Wireless, Virgin Mobile, Vivo and Vodafone. For more information, please visit www.jamdat.com.
C-Valley is a leading wireless entertainment distributor. C-Valley's comprehensive services include content screening, localization, customer analysis, marketing, distribution, customer service, and payment settlement. C-Valley's executive staff is comprised of experienced mobile content executives who helped build China's wireless entertainment industry. C-Valley is headquartered in Beijing with offices in Shanghai, and Guangzhou. Additional information is available at www.c-valley.com.cn.
About ACCESS Co. Ltd.
ACCESS Co. Ltd. (Tokyo Stock Exchange: 4813) is headquartered in Tokyo, Japan, with offices throughout the world including major centers in the U.S., Germany, and China. ACCESS is a leading global provider of Internet access technologies for the beyond-PC market. ACCESS' NetFront browser technology powers 342 different commercial products worldwide including mobile phones, digital televisions, set-top boxes, game consoles, PDAs, car navigation systems, web phones, kiosk terminals and intranet terminals. ACCESS' NetFront browser technology is most widely deployed in mobile phones for NTT DoCoMo's popular i-modeTM and FOMATM services. To date, over 150 million ACCESS software licenses have shipped from more than 90 major Internet device manufactures. ACCESS was listed on the Tokyo Stock Exchange Mothers market on February 26, 2001. More information is available at www.access.co.jp/english/.
Tose Co., Ltd. (TSE & OSE: 4728) is Japan's largest outsourced software developer of video game software for home use and entertainment applications for mobile phones. It has completed over 1,000 contracts for game and entertainment software for leading game and mobile software developers.
Tose leads the industry in establishing development bases in China. The company established a base in Shanghai in 1993, and set up its next base in Hangzhou in 2001. Tose undertakes a variety of services - ranging from consulting to content development and operation for companies that want to expand entertainment content-related operations in China and other countries around the world.
For more information, please visit www.tose.co.jp/english/.
Safe Harbor Statement - JAMDAT Mobile Inc.
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for JAMDAT's markets and the demand for its products. Factors that could cause JAMDAT's actual results to differ materially from these forward-looking statements include its ability to effectively market and sell products in diverse market segments, its reliance on a limited number of products and third-party vendors and distributors, its ability to expand studio operations, increases in fulfillment costs, disruptions to information technology systems, unpredictable events and circumstances relating to international suppliers, increased competition, government regulatory action and general economic conditions. Please refer to JAMDAT's reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. JAMDAT undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made or to reflect the occurrence of unanticipated events.
®2005 JAMDAT Mobile Inc. JAMDAT, JAMDAT Mobile and the bubbles logo are trademarks of JAMDAT Mobile Inc. All other trademarks are the property of their respective owners.
for JAMDAT Mobile Inc.
Erica Kohnke Kain