Jamdat Mobile (NASDAQ:JMDT)
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Electronic Arts Inc. (NASDAQ:ERTS) today announced that
it has completed its acquisition of JAMDAT Mobile Inc. (NASDAQ:JMDT),
making EA the world's leading wireless entertainment publisher. EA
Mobile has more than 400 employees in seven locations around the world
and, with new releases of Tetris, Bejeweled, Bowling, The Sims(TM),
Need For Speed(TM), Madden NFL(TM) and EA SPORTS(TM) FIFA Soccer,
boasts an unsurpassed line-up of mobile games.
Mitch Lasky has been named Senior Vice President of EA Mobile and
will oversee its global operations. Michael Marchetti has been named
Vice President and Chief Operating Officer of EA Mobile.
"We welcome the JAMDAT team into the EA family with great
enthusiasm. Bringing the talent, technology and expertise of the
world's leading mobile entertainment publisher into EA is a win for
game players and positions our company for further growth in this
important market," said EA Chairman and Chief Executive Officer Larry
Probst.
"Today is a great day for mobile game players worldwide. The EA
Mobile portfolio of titles now features the best in class of leisure,
sports and action games -- all built on state-of-the art technology.
Our combined management, sales and creative teams will allow us to
innovate and grow the mobile games category worldwide," said Mr.
Lasky.
About Electronic Arts
Electronic Arts (EA), headquartered in Redwood City, California,
is the world's leading interactive entertainment software company.
Founded in 1982, the company develops, publishes, and distributes
interactive software worldwide for videogame systems, personal
computers and the Internet. Electronic Arts markets its products under
four brand names: EA SPORTS(TM), EA(TM), EA SPORTS BIG(TM) and
POGO(TM). In fiscal 2005, EA posted revenues of $3.1 billion and had
31 titles that sold more than one million copies. EA's homepage and
online game site is www.ea.com. More information about EA's products
and full text of press releases can be found on the Internet at
http://info.ea.com.
Electronic Arts, EA, EA SPORTS, EA SPORTS BIG, POGO, The Sims and
Need for Speed are trademarks or registered trademarks of Electronic
Arts Inc. in the U.S. and/or other countries. John Madden, NFL and
FIFA are trademarks and property of their respective owners and used
with permission. All other trademarks are the property of their
respective owners.
Some statements set forth in this release contain forward-looking
statements that are subject to change. Statements including words such
as "anticipate", "believe", "estimate", "expect" and "plan" and
statements in the future tense are forward-looking statements. These
forward-looking statements are subject to risks and uncertainties that
could cause actual events or actual future results to differ
materially from the expectations set forth in the forward-looking
statements. Some of the factors which could cause the Company's
results to differ materially from its expectations include the
following: the Company's ability to successfully integrate JAMDAT's
operations and employees; consumer spending trends; the seasonal and
cyclical nature of the interactive game segment; timely development
and release of Electronic Arts' products; competition in the
interactive entertainment industry; general economic conditions; and
other factors described in the Company's annual report on Form 10-K
for the year ended March 31, 2005 and Form 10-Q for the quarter ended
December 31, 2005. These forward-looking statements speak only as of
February 15, 2006. Electronic Arts does not intend to update these
forward-looking statements.