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- Leading social platform and top Android marketplace offer access to high-quality Korean users
- Glu non-GAAP revenue in Korea up 37% year over year from Q1 2012 to Q1 2013 |
San Francisco, May 29, 2013 - (ACN Newswire) - Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of freemium games for smartphone and tablet devices, today announced that the company has entered into distribution relationships with two of Korea's largest mobile platforms, Kakao and SK Planet. Select Glu games will be made available to users on Kakao's Kakao Games service and SK Planet's T-Store in the South Korean market. Kakao's popular mobile messenger app, Kakao Talk, boasts over 80 million users, and Kakao currently offers more than 100 games through Kakao Games. SK Planet's T-Store is the largest carrier owned Android marketplace, accounting for over 50% of all Android revenues in Korea. Glu expects to have product live on both platforms by Q3 2013.
"As leading brands in the Korean mobile market, Kakao Games and SK Planet's T-Store offer us the opportunity to reach new mobile audiences that may not have previously discovered Glu games," said Chris Akhavan, Glu's President of Publishing. "Glu's non-GAAP revenue in Korea is up 37% year over year from Q1 2012 to Q1 2013 and we anticipate that both relationships will further increase exposure for the Glu brand in the Korean gaming market. We look forward to providing more high-quality content in the future."
Glu Mobile games are also currently available to South Korean players through Apple's App Store, Google Play, and Samsung Apps.
Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements, including that Glu expects to have product live on both Kakao's Kakao Games service and SK Planet's T-Store in the South Korean market by Q3 2013; that Glu anticipates that both relationships will further increase exposure for the Glu brand in the Korean gaming market and that Glu anticipates providing more high-quality content in the Korean gaming market in the future. Investors should consider important risk factors, which include: the risk that consumer demand for smartphones, tablets and next-generation platforms does not grow as significantly as we anticipate or that we will be unable to capitalize on any such growth; the risk that we do not realize a sufficient return on our investment with respect to our efforts to develop freemium games for smartphones, tablets and next-generation platforms, the risks inherent with doing business in international locations; and other risks detailed under the caption "Risk Factors" in our Form 10-Q filed with the Securities and Exchange Commission on May 10, 2013 and our other SEC filings. You can locate these reports through our website at http://www.glu.com/investors. We are under no obligation, and expressly disclaim any obligation, to update or alter our forward-looking statements whether as a result of new information, future events or otherwise.
About Glu Mobile
Glu Mobile (NASDAQ:GLUU) is a leading global developer and publisher of freemium games for smartphone and tablet devices. Glu is focused on creating compelling original IP games such as CONTRACT KILLER, GUN BROS, DEER HUNTER, BLOOD & GLORY, and SAMURAI VS. ZOMBIES DEFENSE on a wide range of platforms including iOS, Android, Windows Phone, Google Chrome, and MAC OS. Glu's unique technology platform enables its titles to be accessible to a broad audience of consumers globally. Founded in 2001, Glu is headquartered in San Francisco with a major office outside Seattle, and international locations in Canada, China, and Russia. Consumers can find high-quality entertainment wherever they see the 'g' character logo or at www.glu.com. For live updates, please follow Glu via Twitter at www.twitter.com/glumobile or become a Glu fan at www.Facebook.com/glumobile .
CONTRACT KILLER, GUN BROS, DEER HUNTER, BLOOD & GLORY, SAMURAI VS. ZOMBIES DEFENSE, GLU, GLU MOBILE and the 'g' character logo are trademarks of Glu Mobile Inc.
Media Contacts
Jason Enriquez
Glu Mobile Inc.
PR@glu.com
+1-415-800-6263
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Glu Mobile Inc. via Thomson Reuters ONE
Topic: Press release summary
Source: Glu Mobile Inc.
https://www.acnnewswire.com
From the Asia Corporate News Network
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