BELLINGHAM, WA--(NewMediaWire - May 21, 2015) - VID3G INC.
(OTC
PINK: VIDG) VIDG (or the "Company") is pleased to announce
an update to its entrance into the $30 billion mobile game space.
The Company has completed its definitive co-development and
marketing agreement with Platypi Games Inc., a Vancouver,
Canada-based mobile games developer.
Under the arrangement, Platypi brings expertise and Intellectual
Property in the form of current game titles and pre-production game
titles. VIDG will provide development capital and access to China's
vast mobile game market and additional technical expertise through
Vid3G's network in China. Both entities will provide resources to
market the games in Canada, the USA and eventually on a global
basis.
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.
Update on Platypi Games Inc. - 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 initial launch title, Battle Cattle, is a physics based
castle defense game inspired by such classics as Missile Defense
and Angry Birds. Since our last press release, Battle Cattle has
been re-imagined in the Unity 5 Development Platform Engine to take
advantage of its massively enhanced graphics capabilities and its
comprehensive multiplatform support.
In a previous press release, we announced that Platypi was
developing an Arcade Style Unique Futuristic Space Shooter
(inspired by the classic arcade space shooter genre) as its next
title, however that has been moved back in place of a much more
exciting game opportunity. Platypi is currently prototyping designs
for a Massively Multiplayer Online Mobile Collectible Battle game.
They believe this market has tremendous growth potential and
greater longevity than typical mobile games.
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.
Roy Bosa, CEO states "We are excited to delve into the mobile
games market as it continues to grow rapidly. We believe we have
secured the people necessary to creatively market and distribute
our games in a capital efficient way, thus allocating more
resources to new game development. By entering into this growing
sector, we expect a successful future for the company, thus
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.
Safe Harbor
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.
