GUANGZHOU, China, March 25, 2013 (GLOBE NEWSWIRE) -- China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (Nasdaq:CMGE), a leading mobile game company in China, today announced that it has signed strategic partnership agreements with China Wireless Technologies Limited (HKSE:2369) ("China Wireless"), China's leading provider of smartphones and integrated wireless data solutions, and with Beijing Tianyu Communication Equipment Co., Ltd. ("Tianyu") to pre-install customized versions of the Company's Game Center application on smartphones produced by both companies.
The agreement with China Wireless provides for the pre-installation of up to 10 million customized versions of the Company's Game Center application on China Wireless's proprietary Coolpad smartphones in 2013. Under a separate agreement with Tianyu, the Company will pre-install customized versions of its Game Center application on Tianyu's proprietary K-Touch smartphones. The customized Game Center application will be the only official game center pre-installed on the smartphones manufactured under those brands. The Game Center application connects its users with the games developed and/or operated by CMGE.
In line with the Company's strategy, CMGE has focused substantial resources on further expanding its distribution channels to capture the significant growth opportunities emerging in smartphone games. Currently CMGE has entered into about 440 partnerships with handset manufacturers and design houses. These partners, which include several of the major Chinese brands, aid in distributing the Company's self-developed and exclusively licensed games through pre-installation as well as recommended downloads in applications stores. CMGE expects that the number of smartphones pre-installed with the Company's game center and selected games will exceed 60 million in 2013. As the distribution of the Company's games grows in scale, stable and sustainable user traffic acts as and facilitates the promotion of the Company's proprietary online games and decreases future promotional costs.About CMGE CMGE is a leading mobile game company in China with the largest market share among mobile game developers in terms of revenues in 2010, 2011 and 2012, according to Analysys International, an independent market research firm. CMGE has integrated capabilities in the development, operation, sale and distribution of mobile games in China. Its mobile handset design business complements its game development business as it pre-installs CMGE's mobile games and game platforms in the handsets it designs, and enhances CMGE's knowledge of user habits and preferences and industry trends. CMGE has a large and diversified portfolio of games for smartphones and feature phones, and has strong development capabilities, evidenced by the fact that it develops single-player games and social games for both types of handsets.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV