HONG KONG, May 18, 2011 (GLOBE NEWSWIRE) -- Celestial Digital Entertainment Ltd (CDE), a wholly own subsidiary of Zoom Technologies, Inc. (Nasdaq:ZOOM), is pleased to announce that CDE and Lagali have entered into a contract to co-develop games for mobile platforms that target smart phones and tablets markets.
The first title is planned to be released in mid-July 2011 with 3 more titles to follow by September 2011. These titles will be first developed under Apple's iOSTM which will available to iPadTM, iPhoneTM and iPod touchTM; and with the advantage of CDE's cross platform 2D/3D graphic game engine, these titles will then be ported over to other mobile platforms such as Google's AndroidTM and Microsoft's Windows Mobile 7TM.
Franky Fu, CEO of CDE: "CDE has released over 50 titles on Apple's App StoreTM since September 2008, several of our titles were in the Top 10 charts of many counties. We were solely relying on our internal creativity and technology until now, and the time has come to team up with acknowledged game inventors such as Arne Lauwers to enhance our game design, leveraging on our graphic and animation technologies to produce titles that will make a mark in the digital game industry."
Arne Lauwers, president of Lagali: "We had been looking for a suitable partner to team up, one that can convert our game mechanics and games into a digital format, creating new standards. For this we need a reputable and experienced partner, which we now have found in CDE. We at Lagali are proud to be part of this partnership that will bring both of our companies to the next level."
About Lagali
Lagali s.a. is the Luxemburg based IP powerhouse company of game inventor Arne Lauwers. So far Lagali has licensed its games in over 150 countries worldwide and has licensing agreements with among the most well known game companies in the world. The flagship reference is : Game of the Year in Australia (2008), France (2008), and Russian Federation (2007); Miglior Concept Artistico, Lucca - Italy (2006). This game was licensed to Hasbro. Today Pictureka! has become a whole product line with its own TV show in the USA. The total retail value of licensed Lagali games worldwide amounted up to US$150 million.
Last year Lagali s.a. opened its Hong Kong office, Lagali Asia Ltd. Lagali Asia is run by director Kenny Ho, and its mission is to focus on the emerging Southeast Asian market.
This year Lagali is launching 2 brand new product lines: Ahrbol and Gnome Race. These product lines include a 3D game, board games, card games, educational games, a trivia game and 3 two-player travel games. Several of Lagali's titles will also be converted into Apps through its partnership with CDE.
About CDE
Celestial Digital Entertainment Limited, a Hong Kong based company established in 2002, is a game design and production company with released products including MMORPG, FLASH and JAVA games since August 2008. The company focuses solely on the mobile platform.
CDE's first release on the iOSTM platform was in September 2008 and has since released over 50 titles as of March 2011. Majority of CDE's titles were developed in-house from original concept, game design, graphic production, programming and QA. While many titles were within the Top 100 of their respective categories and a few even made it to Top 10 charts in many counties.
Besides the iOSTM platform, CDE has released titles on NDS's DSiWareTM, Google's AndroidTM and Microsoft's Windows Mobile 7TM platforms as well. The company will continue to focus on the mobile platform which is recognized to be in a growth phase within the digital entertainment industry. With the technical experience of being a MMORPG game developer for many years, CDE is capable to design fun, desirable and sophisticated entertainment titles for the mobile platform. CDE became a wholly owned subsidiary of Zoom Technologies, Inc. in January 2011.
About Zoom Technologies
Zoom Technologies is a holding Company with subsidiaries that engage in the manufacturing, research and development, and sale of electronic and telecommunication products for the latest generation mobile phones, wireless communication circuitry and related software products. Zoom Technologies' subsidiary, Jiangsu Leimone, owns a majority stake of TCB Digital, which offers highly customized and high quality Electronic Manufacturing Service (EMS) for Original Equipment Manufacturer (OEM) customers as well as its Own Brand Manufacturing (OBM) under the Zoom and Leimone brand names. The Company's products are both exported and sold domestically in People's Republic of China.
The Zoom Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9665
Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" that involve risks and uncertainties. These include statements about our expectations, plans, objectives, assumptions or future events in which the outcome cannot be assured. You should not place undue reliance on these forward-looking statements. Information concerning factors that could cause our actual results to differ materially from these forward-looking statements can be found in Zoom Technologies' periodic reports filed with the Securities and Exchange Commission. We undertake no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events.
Apple, iPad, iPhone, iPod touch, iTunes, App Store, are trademarks of Apple.
Windows Mobile 7 is trademarks of Microsoft Inc.
Android is trademarks of Google Inc.
DSiWare is trademarks of Nintendo.
CONTACT: Investor Contact Tina Xiao Investor Relations Manager Zoom Technologies, Inc. +1 917-609-0333 tinaxiao@zoom.com www.zoom.com Products Contact Franky Fu franky.fu@zoom.com
