TMCnet News
SkyZone Entertainment Announces Acquisition of JSmart Technologies FORT LEE, N.J. --(Business Wire)-- Oct. 19, 2004 -- Acquisition Will Increase SkyZone's Mobile Entertainment Market PositionSkyZone Entertainment, a wireless media leader that delivers fun and exciting "Made for Mobile"(TM) entertainment, today announced an agreement to acquire JSmart Technologies. JSmart, a leader in casual gaming, is a publisher and developer of games and entertainment applications for mobile phones and handheld devices for the BlackBerry, BREW(R), JAVA, PALM OS(R), and Pocket PC operating systems. JSmart's entertainment portfolio comprises of over 50 titles including popular games like Merriam-Webster Word Search, Merriam-Webster Spanish-English Dictionary, Betty Boop Crush, Crazy Eights, Concentration, Hangman Tournament and Felix the Cat Puzzles. The strategic acquisition of JSmart will enable SkyZone to continue increasing their market position, expand their entertainment offerings and strengthen the company's overall development expertise. "This transaction marks a significant step in expanding SkyZone's market share by delivering compelling and addictive mobile applications targeting the on-the-go casual gamer. JSmart's fun, and easy to learn mobile entertainment titles are a perfect compliment to SkyZone's portfolio of action and sports-oriented games," said Michael Lee, CEO of SkyZone Entertainment. "Together, we look forward to continued growth and success in the mobile entertainment industry." As part of the agreement, Justin Siegel, CEO, and Jamieson Hall, CTO, from JSmart will join the SkyZone senior management team. Mr. Siegel will serve as Vice President of Publishing and Mr. Hall will be appointed Vice President of Research and Development. "I'm excited to join the SkyZone senior team and lead the publishing effort for the next wave of mobile entertainment. Together, we will bring to market new titles that provide fun and exciting entertainment for the growing market of wireless gamers," said Justin Siegel. About SkyZone Entertainment SkyZone Entertainment, an SK Group affiliate company, is an international mobile entertainment company that creates and delivers fun and exciting "Made for Mobile" (TM) entertainment including brand name games and cutting-edge applications such as 3D games, mobile-enabled Web portals and live screens. SK Group is Korea's third-largest conglomerate with annual revenues exceeding US$40 billion. SK Group consists of more than 40 leading companies, including SK Telecom, Korea's leading wireless service provider and recognized pioneer in the commercialization of 2.5G and 3G wireless service and applications. For more information, visit www.skyzonemobile.com. About JSmart JSmart is leading provider of smart games and entertainment for mobile phones and handheld devices. JSmart's products are some of the best-selling puzzle, word and board games available. For more information, visit www.jsmart.com. |
