BELLINGHAM, WA -- February 19, 2015 -- VID3G, INC.
(OTC
PINK: VIDG) VIDG is pleased to announce it is in the final
phase to enter the mobile games space via its partnership with a
Vancouver, Canada-based mobile games developer.
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.
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.