This is an exciting time to enter the mobile game market as it is rapidly expanding. Newzoo, a top market research firm, estimates that the global mobile game business is expected to surpass console games in revenue in 2015 hitting over $30 billion globally, up from $25 billion in 2014. According to a new report released by research firm eMarketer, US mobile game revenues alone will grow 16.5% to reach $3.04 billion in 2015. Revenue from traditional downloads, In-App purchases and Ad-Revenue is growing at a rate higher than any other facet of the mobile industry, including eBook sales and music sales.
Since VIDG's announcement of the agreement with Mobile Rocket Games (MRG), MRG has made several advancements including a new name for the new entity, an updated website and the addition of quality team members. To reflect its commitment to provide unique games and unique game experiences, the game company has begun to brand itself as Platypi Games with a new site to showcase its team, as well as current and future projects: http://www.platypi-games.com.
The Core Team - PGI's Creative Lead is up and coming game designer Nile Lucas, creator of Battle Cattle and the pre-production titles described in the last news release. Nile brings his unique perspective and creative spirit to all aspects of project development coupled with a solid education in all aspects of game development, having attended multiple colleges with studies ranging from Classical and 3D Animation (OUC), Game Art and Design (Ai), and 3D Modeling and Production (TTTC). Dennis Petke, a director of VIDG has agreed to take the role of CEO with the new entity being incorporated as Platypi Games Inc. (PGI). Dennis brings his many years of business management experience along with his direct game related experience as a director and CFO of a mobile game studio in Vancouver. Kristian Fosh is the founder of DreamFever, consisting of a mix of industry specialists from around the UK -- designers, developers, audio specialists. Dream Weaver has been engaged to provide all of the art for Battle Cattle. Kristian Fosh was the former lead artist at Jagex Ltd., where his prime responsibilities included defining art styles for the varied titles created as well as spending time working as GUI artist for the flagship title RuneScape. He has spent over nine years in the multimedia design profession.
The partnership will distribute initially in North America, but then expand to the Chinese mobile games market which is the largest market in terms of users, with almost 360 million mobile gamers in 2014. VIDG will be able to access this market through our existing team of video technology experts in China.
Roy Bosa, CEO, states, "The global mobile game space is expected hit over $30 billion globally this year, with explosive growth expected in North America, the first market we will reach with our mobile games this year. With VIDG entering into this hot sector, we expect a successful future for the company creating value for our shareholders."
About Vid3G Inc.
Vid3G Inc. is a company that specializes in identifying companies with significant growth potential and bringing together the resources needed to attain financial stability and growth for these entities. Our focus is on companies with identifiable upside potential from bringing new technologies and unique products to market. The Company acquired the right, title and interest to several Vid3G mobile application patents from Leexoo Technology Ltd/Vid3G LLC with which we are utilizing to develop the next generation social video sharing mobile application for Asia and North America. With this technology the 700 million Chinese mobile users will have the opportunity to video and video stream on their smart-phones at the highest quality since similar technology is not available in China.
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This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to'" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
Contact: Roy Bosa (702) 347-4223 www.vid3g.com
