Freeze Tag CEO Updates Shareholders on the Mobile Game Company's Progress
November 14 2012 - 12:00PM
Craig Holland, CEO of Freeze Tag (OTCQB:FRZT), a developer of
family friendly games for tablets and smartphones, updated
shareholders today on the mobile game company's progress in
reaching its corporate objectives. The CEO made the following
statements:
- We extend a warm welcome to those shareholders who have
recently joined us, and thank you for your interest in our
company.
- We've received several requests for more information about our
upcoming titles, strategic relationships, and other initiatives. To
those who have made these inquiries, please stay tuned. We will
soon have more exciting news about upcoming titles and publishing
partners.
- One of our strategic partners, GREE, recently announced that
Freeze Tag had entered into an agreement with GREE to publish one
of our new free-to-play games, Party Animals™ in the coming months.
We are making great progress on Party Animals™ and believe it will
be a big success on the GREE platform. Party Animals™ is a
game that appeals to kids of all ages, like all of our family
friendly, casual games.
- In the last year, free-to-play games with in-app purchases have
dominated the "top grossing" charts in both the iOS and Android
mobile app stores, comprising as much as 70% of the charts of the
highest earning titles. Freeze Tag has successfully transitioned
its entire production team to design and produce free-to-play
games. However, our new free-to-play titles, Party Animals™ and The
Grimm Reaper™: Hidden Tales have not yet launched. As such, the
potential revenue from these games has not yet factored into our
financial statements.
About Freeze Tag, Inc.
Headquartered in Tustin, California, Freeze Tag, Inc. creates
"family friendly fun" games for smartphones, tablets, PCs and Macs.
For more information, visit the Freeze Tag website at
www.freezetag.com. Freeze Tag (FRZT) stock is publicly traded on
the OTCQB exchange.
The Freeze Tag, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=15658
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.
CONTACT: Craig Holland
Freeze Tag, Inc.
investorrelations@freezetag.com
(714) 210-3850 X26
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