Freeze Tag’s CEO Updates Shareholders on the Company’s Progress
September 08 2011 - 7:17AM
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 is a leading creator of casual or “family” games.
Freeze Tag’s “family friendly fun” games have been downloaded
millions of times on mobile devices (iPhone/iPad, tablets), and
PC/Mac computers. For more information, visit the Freeze Tag
website at www.freezetag.com. Freeze Tag, Inc. common stock is
quoted on the OTCBB under the symbol “FRZT.”
Safe Harbor Notice
Certain statements contained herein are “forward-looking
statements” (as defined in the Private Securities Litigation Reform
Act of 1995). Freeze Tag, Inc. cautions that statements made in
this news release constitute forward-looking statements and makes
no guarantee of future performance. Forward-looking statements are
based on estimates and opinions of management at the time
statements are made. These statements may address issues that
involve significant risks, uncertainties, estimates and assumptions
made by management. Actual results could differ materially from
current projections or implied results. Freeze Tag, Inc. undertakes
no obligation to revise these statements following the date of this
news release.
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