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WirelessDevNet.com Press Release
ZIO Interactive Extends Its Licensing Contract with Summus, and Includes New Mobile Games
RALEIGH, N.C.--April 13, 2004--Summus, Inc. (USA) (OTCBB: SUMU), a developer of applications and information processing tools that optimize the wireless multimedia experience, and ZIO Interactive, a leader in mobile gaming, today announced that they are extending their mobile games contract for two additional years. This means that Summus will continue to distribute Nineball, Ultimate Golf Challenge, Fun2Link, Blue Marine and Metalion in North America, South America and Australia. Plus, the companies have plans to launch as many as five additional branded games in 2004.
Summus will evaluate the catalog of ZIO Interactive games that have seen success in Asian markets. Games that can be branded with a well-known entity in North America will be made available for carriers.
The mobile gaming market continues to grow quickly. According to a recent study by The Research Room, the global market for wireless gaming services will grow from $561 million last year to $41.3 billion in 2007. Java- and BREW-based downloadable games will lead the charge, with 146 million users by 2007.
The additional games are targeted for release throughout 2004 and will be developed on QUALCOMM's Binary Runtime Environment for Wireless(TM) (BREW(TM)) and Java 2 Micro Edition (J2ME(TM)) platforms.
"Summus has been a great partner for us, which is why we want to extend our contract for an additional term," said Peter Kim, president and CEO of ZIO Interactive. "The company has successfully promoted and launched our games with many of the best-known wireless operators in North America."
"ZIO Interactive offers great game titles that we are confident we can brand by partnering with well-known content companies," said Gary Ban, CEO of Summus. "Branded applications associate a well-known name with the mobile game experience, which in turn provides higher subscriber rates."
About ZIO Interactive
ZIO Interactive, Inc. was incorporated in 1997 to provide differentiated digital entertainment. The company's first simulation golf game, Palm Golf, was selected by Microsoft to be part of the launch partner program for Microsoft Windows CE. ZIO Interactive has been chosen by Microsoft to participate as a Windows CE Partner at Comdex for the past few years. ZIO Interactive develops games for all major mobile computing platforms and plans to announce a variety of games in different categories this year. Additional information is available. http://www.zio.co.kr/eng/index.asp
About Summus
Summus is a developer of solutions that optimize the consumer wireless experience. The company partners with leading content brands to develop compelling wireless games, news, photo and entertainment applications available through major wireless carriers in the U.S. and abroad. Summus builds these wireless applications on its proprietary BlueFuel(TM) platform for efficient information processing. BlueFuel offers a high-powered, low-stress navigation that is designed for a consistently superior user experience. For more information, see www.summus.com.
This press release contains forward-looking statements that involve risks and uncertainties concerning Summus' business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results is included in Summus' annual report on Form 10-K for the year ended December 31, 2003, and in reports subsequently filed by Summus with the Securities and Exchange Commission("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from Summus' web site at www.summus.com. Summus hereby disclaims any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.
BlueFuel and Superfast, Superthin are trademarks of Summus, Inc. (USA). All other trademarks and/or registered trademarks are the property of their respective owners.
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