31 October 2006 - Woking, UK - THQ Wireless® (THQW) today announced the formation of a representative agreement with SmartPhoneLabs Content (SPL Content) to bring THQW mobile phone games to Russia and the Commonwealth of Independent States (CIS) market, including Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Ukraine, Uzbekistan, and Turkmenistan.
"According to Informa's World Cellular Information Service, there are more than 130 million mobile phone subscribers in Russia and Ukraine alone, and subscriber numbers continue to grow at rapid rate," said THQ Wireless International's Vice President, Adam Comiskey. Offering full service to this region is a strategic imperative for THQ Wireless as we seek to deliver our content to all relevant markets worldwide."
"Having been a THQ Wireless global i-mode partner since 2004, we are very excited to expand our collaboration and become a THQ Wireless exclusive distribution partner in Russia & CIS," said Olga Belaya, head of SPL Content and Managed Services at SmartPhone Labs. "The local market is poised for explosive growth and its current need for globally recognized high quality mobile content is perfectly matched with the fantastic portfolio of game titles and world-famous brands brought by THQ Wireless."
Successful business relationships have been set-up with operators to date for non-localized content, so this move will now fully realize the potential of the region. SPL Content is a partner who has worked with THQ Wireless in European markets and will now represent the company in Russia and CIS as the official representative of THQW content as well as managing brand guardianship.
Following the THQ Wireless model of direct distribution, SPL Content will closely manage the performance of THQW brands in the region, including launch, coordinated promotion, handset support/localization, and customer support.
Eighteen English language game titles are scheduled to launch in November 2006, including major entertainment brands Worms, MotoGP and Star Wars as well THQ brands: Saints Row TM, Destroy All Humans!® 2 and Company of Heroes TM. Before the end of 2006, Russian language versions of these and new titles are expected to become available.
About SmartPhone Labs
SmartPhoneLabs LLC (SPL) is a global developer of mobile games and entertainment services. Established in 2002, SPL has evolved into a mobile content powerhouse comprised of SPL Games (game development studio), SPL Production (mobile content production house), SPL Managed Services (design, development and management of mobile entertainment services on WAP and i-mode) and SPL Content, the newest division established in 2006 to efficiently serve the Russian & CIS markets with the best global mobile entertainment brands.
About THQ Wireless
THQ Wireless Inc., a subsidiary of THQ Inc. (NASDAQ: THQI), is a global leader in mobile entertainment, offering a wide range of wireless products, including games, personalization products, information services and messaging based on top brands such as the WWE®, Star Wars, popular Nickelodeon properties and professional sports leagues including the NFL and NHL. Headquartered in Minnesota, United States, THQ Wireless has offices worldwide, in addition to distribution agreements through wireless carriers across the globe. Further information can be found at www.thqwireless.com.
About THQ Inc.
THQ Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers and wireless devices. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located in North America, Europe and Asia Pacific. More information about THQ and its products may be found at www.thq.com and www.thqwireless.com. THQ, THQ Wireless, Company of Heroes, Destroy All Humans!, Juiced: Eliminator, Saints Row and their respective logos are trademarks and/or registered trademarks of THQ Inc.
The statements contained in this press release that are not historical facts may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the business of THQ Inc. and its subsidiaries (collectively referred to as "THQ"), including, but not limited to, expectations and projections related to the releases, performances and features of our wireless applications, and are based upon management's current beliefs and certain assumptions made by management. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, business, competitive, economic, legal, political and technological factors affecting our industry, operations, markets, products or pricing. Readers should carefully review the risk factors and the information that could materially affect THQ's financial results, described in other documents that THQ files from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q and Annual Report on Form 10-K for the fiscal period ended March 31, 2006, and particularly the discussion of risk factors set forth therein. Unless otherwise required by law, THQ disclaims any obligation to update its view on any such risks or uncertainties or to revise or publicly release the results of any revision to these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
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