Freeze Tag’s CEO Updates Shareholders On the Company’s Progress
Sept. 8, 2011 (Business Wire) – Craig Holland, CEO of Freeze Tag, Inc. (OTCBB: FRZT), a leading creator of family-friendly video games, updated shareholders today on the company’s progress and upcoming product releases in the fourth quarter.
“We anticipate a substantial increase in our third quarter revenue ending September 30, 2011,” Holland said. “We also are looking forward to several new product launches in the final quarter of the year, ending December 31, 2011, which should help increase our 2011 top line revenue over 2010.”
The CEO noted that the recent acquisition of the rights to a cross-platform technology framework has enabled Freeze Tag to efficiently port PC games to smartphone and tablet formats, thus reducing development costs and time-to-market to release products into these high growth segments.
“Smartphone and media tablet sales continue to increase as consumers snap up iPhones, iPads and Android devices,” the CEO said. “According to research firm Gartner, sales of media tablets that operate on the iOS (Apple) and Android (Google) operating systems will grow from 17 million units in 2010 to over 251 million units in 2015. We expect to be a part of that growth as consumers continue to turn to tablets and smartphones for their gaming enjoyment.”
“We’re excited to launch several new mobile titles in the coming months,” said Holland. “Our games look terrific and play extremely well on smartphones and media tablets, which are ideal gaming devices.”
Upcoming in the fourth quarter and the first quarter of 2012, Holland said, are the following new product releases:
Rocket Weasel™ – a physics puzzler (like Angry Birds and Cut the Rope), designed especially for mobile devices. Rocket Weasel is the story of a wily Weasel who straps a rocket to his back to save his furry friends who have been captured by the evil farmer.
Concentration Party® – an arcade puzzle matching game full of laughs, Concentration Party is the story of fun-loving Party Animals who are shaking things up for the dull and boring Party Pooper.
Monkey Tree Frog™ – a classic puzzle game with an educational twist. Jump frog-over-frog as you solve perplexing puzzles and unlock fascinating frog facts. Little known tidbits include frogs that can fly, frogs that look like monkeys, and frogs that have traveled in outer space.
Victorian Mysteries®: Woman in White – This #1 bestselling PC/Mac game comes to mobile for the first time. Wilkie Collins’ classic mystery novel is brought to life in this romantic yet chilling hidden object adventure game.
Unsolved Mystery Club®: Amelia Earhart – Whatever happened to Amelia Earhart? In this hidden object adventure title, several theories about her disappearance are explored.
Unsolved Mystery Club®: Ancient Astronauts® – The #1 bestselling PC game comes to mobile for the first time. Travel the world searching for clues to ancient mysteries and cultural conundrums in this adventure game.
The specific mobile platforms and devices on which these games will be released will be announced as each product is launched into the market. Holland said other new titles are under development but not yet announced.
About Freeze Tag, Inc.
Freeze Tag, Inc. is a leading creator of mobile location-based games for consumers and businesses. Our portfolio of location-based games combines real-world exploration with interactive technology, creating experiences that bring people together to play, discover, and engage with the world around them. Our flagship game Munzee is a fantasy adventure that transforms the real world into a realm of exploration, with more than 16 million locations worldwide where players can discover magical game pieces, encounter mythical creatures, earn rewards, and connect with a global community. Eventzee is a customizable mobile scavenger hunt platform that helps businesses and organizations create branded virtual, in-person, and hybrid experiences for team building, tourism, conferences, downtowns, and more, with 10 challenge types and app customization options. Additional titles in the Freeze Tag portfolio include WallaBee, a global collecting adventure with thousands of illustrated digital items to discover; Painted Rocks, an app for tracking and sharing painted rocks and messages of kindness; and SkyDrift, a peaceful experience that combines live weather data with digital balloons to create journeys across the real world. For more information about Freeze Tag, go to: https://www.freezetag.com.
Forward-looking statements
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, our ability to market our games, and our ability to implement new changes and release them. We undertake no obligation to revise or update any forward-looking statement for any reason.
Contact
press@freezetag.com
Originally published at freezetag.com/ceo-updates-shareholders-on-companys-progress