TAIPEI, Sept. 29, 2014 /PRNewswire/ -- GigaMedia Limited
(NASDAQ: GIGM) today updated its
short-term product pipeline and launch schedule for GigaMedia's online games
business.
The company's online games business plans a robust launch
schedule in the short term with six new games and two new social
games platforms in the next four months.
"Over the next several months, we expect to benefit from our
efforts to quickly build our pipeline with relatively low cost
licensed mobile games and high-quality Web games," stated GigaMedia
Limited Chief Executive Officer Collin
Hwang. "We also expect to begin benefiting from new
self-developed products in the period, starting with a new social
casino platform launched this month in Taiwan."
"Overall, we are moving to end dependence on publishing games of
other companies," stated CEO Collin
Hwang. "We are making good progress in building new
higher-quality revenue streams and positioning our businesses to
drive shareholder value."
GigaMedia has licensed five mobile games from Asian game
developers and plans staggered launches of the games over the next
four months. The titles include a variety of role-playing games
from Korean developers, the racing game Crazy Taxi:City Rush
from Sega, and Tales Runner Rush & Dash, a new mobile
version of the popular online game Tales Runner. The mobile
games will be released for Android and iOS devices and are free to
play; players can make in-app purchases that facilitate
gameplay.
In addition to the mobile game launches, GigaMedia also plans to
launch near year-end the acclaimed next-generation browser
action/role-playing MMO
game, KingsRoad. In KingsRoad, players
choose from one of three different classes -- knight, archer, and
wizard -- and embark on a journey across the kingdom of Alderstone
to reclaim their land from the monstrous creatures that threaten
it. The game is an innovative blend of console game excitement with
the simplicity, low cost and convenience of no installation
required browser play.
The company also expects to benefit over the next several months
from its first new self-developed gaming products. GigaMedia's
pipeline of self-developed products for the period consists of
gaming software platforms for social games, including social casino
games, one of the fastest growing and most profitable segments of
online games. GigaMedia has launched a first solution,
Fortune888.com.tw, an open platform that creates a new distribution
channel for gaming operators targeting Asia. The platform currently features a broad
selection of play-for-free social casino games from MicroGaming,
one of the world's foremost gaming software developers. GigaMedia
plans to begin offering operators a complete, proprietary solution,
ClubOne, in December. ClubOne will feature a broader variety of
play-for-free social games from which operators may select. The
solution is designed to function across PC, mobile and tablet
platforms and enhance player monetization. Players can invite
friends via social networking services and through personal contact
lists and can also manage and promote their own club to win virtual
rewards that can be converted for use on third-party properties.
All games on ClubOne have been developed by GigaMedia.
About GigaMedia
Headquartered in Taipei,
Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is
a diversified provider of online games and cloud computing
services. GigaMedia's online games business is an innovative leader
in Asia with growing game
development, distribution and operation capabilities, as well as
platform services for games; focus is on mobile games and social
casino games. The company's cloud computing business is focused on
providing enterprises in Greater
China with critical communications services and IT solutions
that increase flexibility, efficiency and competitiveness. More
information on GigaMedia can be obtained from
www.gigamedia.com.
The statements included above and elsewhere in this press
release that are not historical in nature are "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. GigaMedia
cautions readers that forward-looking statements are based on the
company's current expectations and involve a number of risks and
uncertainties. Actual results may differ materially from those
contained in such forward-looking statements. Information as to
certain factors that could cause actual results to vary can be
found in GigaMedia's Annual Report on Form 20-F filed with the
United States Securities and Exchange Commission in April 2014.
FOR IMMEDIATE RELEASE For further information
contact:
Brad Miller, Investor Relations
Director
Tel: +886-2-2656-8016
Brad.Miller@GigaMedia.com
SOURCE GigaMedia Limited