Artificial Life, Inc third quarter 2009 results with the highest quarterly revenues in the Company's history and revenue growth of over 32% compared to Q3 2008 and income from operations of $3.75 million. They want to continue to strive for growth and development.
"The third quarter was again a very strong quarter for us. Until end of October 2009, we sold over 12 million mobile 3G and Java games globally and generated over 4.6 million downloads for the iPhone/iPod Touch. Despite the large amount of games available on the Apple App Store, 20 (or 95%) of our games have climbed up to the Top 100 most downloaded rank or higher; 17 games have been ranked in the Top 50; 15 in the Top 10 downloads; and 11 games have achieved Top 5 or higher. The best games have reached Top 10 download rankings in 56 countries, i.e. 73% of all countries in which the iPhone is officially sold. 8 of our games have even hit rank 1 in 23 countries. The longest continuous Top 100 ranked game has been in the ranks for over 300 days. Hence, the third quarter and the first nine months of 2009 were strong despite the global financial crisis. We were able to keep our expansion and profitability. In October 2009 the 3M Company has chosen us for a strategic investment and as a new cooperation partner in the mobile space. The investment and the alliance agreement with 3M provide a strong, global business opportunity for us. The cooperation will allow us to create innovative business and lifestyle applications for one of the leading innovators in the business world. We are looking forward to working with 3M on many projects in the coming years. For the remainder of the year we expect to continue to grow and release several new branded game titles and soon also our first iPhone business applications," said Eberhard Schoneburg, CEO of Artificial Life, Inc.
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Artificial Life, Inc
is a public US corporation headquartered in Los Angeles, with its production center in Hong Kong and additional offices in Berlin (EMEA headquarters) and Tokyo. As a leading, full-service provider of mobile broadband 3G technology, mobile participation TV, mobile gaming, content and business applications, Artificial Life provides 2D and 3D multi- and single player rich-media applications for 3G, 3.5G and 4G network-enabled mobile phones. Recognized internationally for outstanding content quality and technology, Artificial Life transcends traditional modes of mobile communications and interactive gaming. Sign up for the free Best Damn Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our websiteAbout Best Damn Penny Stocks
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