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Summus and Magus Soft Announce Reseller Agreement for Mobile Games
RALEIGH, N.C.--May 6, 2003--
Summus to resell Magus Soft interactive games in North America for QUALCOMM's BREW(TM) and J2ME(TM)-enabled mobile devices
Summus, Inc. (USA) (OTCBB: SUMU), a developer of applications and information processing tools that optimize the wireless multimedia experience, today announced it has reached an agreement with Magus Soft (Beijing) Co., Ltd., a leading developer and publisher of mobile entertainment applications, to resell Magus Soft games for wireless devices in the Americas.
According to the terms of the agreement, Summus will act as Magus Soft's primary distribution channel in the Americas and will also make available Summus' BlueFuel(TM) solution for application enhancement. BlueFuel is Summus' Superfast, Superthin(TM) mobile platform tailored for efficient and easy interaction with information in the mobile environment. As part of the agreement, Summus will act as a reseller of Magus Soft games in the Americas and Magus Soft will promote and market certain Summus applications in China. The companies will focus on Magus Soft games developed for QUALCOMM's BREW platform, as well as those for the Java 2 platform, Micro Edition (J2ME).
"Our partnership with Magus Soft validates our technology leadership and ability to provide an effective sales channel," said Bjorn Jawerth, CEO of Summus. "We believe our partnership with Magus Soft helps solidify our position as a leader in the mobile applications space. The combination of Magus Soft's gaming creativity, combined with the BlueFuel platform, will raise the performance bar for the next generation of mobile games."
"Partnering with Summus is a natural next step toward developing a global reach for mobile device users. We feel it is vitally important to work with a company that shares our belief in delivering quality user experiences on mobile devices, and Summus has demonstrated a commitment to that vision with its track record and product architecture," said Lu Yong, CEO of Magus Soft.
Wireless gaming equates to many customers and large revenues according to a number of research analysts. The number of total U.S. unique wireless gamers will climb from nearly 7.0 million in 2002 to 71.2 million in 2007, according to IDC. Strategy Analytics believes that downloadable games will be the fastest-growing consumer application in 2003, generating $2 billion in worldwide revenue by the end of the year. In a recent report, Informa Media Group reported that revenue from wireless gaming subscriptions would reach $1 billion in 2005, rising to $9 billion in 2010. They believe that nearly half of those revenues will come from the Asia Pacific region.
About Magus Soft
Magus Soft (Beijing) Co., Ltd., a leading developer and publisher of mobile games and entertainment applications, has developed a broad game portfolio covering all relevant genres (classic, action, strategy, sport, etc.) and all platforms (SMS, WAP, J2ME and BREW). Magus Soft has won numerous industry awards for quality game development and was named China's first BREW Global Publisher by Qualcomm in early 2003. Magus Soft is a leading developer of downloadable games, as well as a premier developer of BREW applications. Find more information on the Web at www.magus-soft.com.
About Summus
Summus is a developer of applications, platforms and innovative information processing tools that enable service providers, content providers and handset manufacturers to optimize the customer's wireless experience. The company's leading wireless applications, available through carriers such as AT&T Wireless, Verizon Wireless, ALLTEL, U.S. Cellular and Cingular, are powered by its BlueFuel platform. The Superfast, Superthin platform enables Summus and its developer partners to quickly build user-friendly applications within today's processing and bandwidth-constrained wireless environment. The BlueFuel platform enables wireless carriers to deliver more efficient applications that can be easily shared between a greater variety of devices, operating systems and content providers. It also allows device manufacturers to develop more processing-efficient devices. For more information, see www.summus.com.
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