BBMF (GM) (USOTC:BBMF)
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BBMF Signs Definitive 5-Year Exclusive Agreement with TV Tokyo
Broadband Entertainment Inc.
Agreement Allows Creation and Management of a Dozen New Mobile Game Channels
Based on Japanese Animations, TV Dramas and Other
Licensed Mobile Contents
TOKYO, Feb. 18 /Xinhua-PRNewswire-FirstCall/ -- BBMF Corporation (OTC:BBMF)
(BULLETIN BOARD: BBMF) announced today that it has signed a definitive
agreement with TV Tokyo Broadband Entertainment Inc. ("TXBB"), a majority owned
subsidiary of TV Tokyo, the leading TV broadcaster in Japan, to create and
manage new mobile game channels, based on the existing licensed mobile contents
of TXBB.
Under the partnership agreement, BBMF will exclusively develop, operate and
manage the mobile game channels. The agreement calls for the creation of a
total of 12 new mobile game channels based on different licensed brands. TXBB
already operates fan wallpaper sites for these channels. The new game channels
will be launched on all three carriers in Japan, namely, NTT Docomo, KDDI and
Vodafone. Every month, 5 new branded character games will be released to each
channel. The channels are estimated to be launched in summer 2005. Each game
is expected to retail between JPY105 and JPY315 per download.
The licensed brands covered in the agreement, which will remain undisclosed
until the launch of the respective game channels, are based on the highest
quality Japanese drama, Japanese animation as well as foreign animation and
children's contents from other parts of the world, which are regularly shown on
TV Tokyo Channel 12 throughout Japan. TV Tokyo viewship totals 33.3 million
households, representing 67% of the TV coverage area in Japan. TXBB's mobile
content sites have more than a million monthly paying subscribers.
Mr. Kamibayashi, President of Tokyo TV Broadband Entertainment stated, "This
partnership with BBMF allows us the ability to deliver a tremendous wealth of
new rich contents to Japanese mobile consumers, leveraging our strength in
mobile rights management and content planning, and BBMF's very significant
mobile production resources and development expertise. I expect each of these
games to generate about 20,000 downloads."
BBMF is responsible for both the development of all the mobile games, as well
as operating the mobile sites themselves, including site creation, content
update, server management, and customer support. BBMF and TXBB will work
together to determine each month's new game delivery lineup, to leverage the
marketing and buzz opportunities of the broadcasting of the respective contents
on TV Tokyo's Channel 12. The agreement calls for the delivery of a total of
720 branded character games per annum over the next 5 years.
Mr. Han Lian, Co-Chairman and CEO of BBMF stated, "This deal is about great
character brands, a lot of new mobile games, the biggest mobile content market
in the world, and tremendous marketing leverage through a large existing paying
subscriber base, and the premier TV channel in Japan. It's a uniquely powerful
combination."
Mr. Antony Yip, Co-Chairman and President of BBMF stated, "We look forward to
this being the first of many successful collaborations with Tokyo TV Broadband
Entertainment to deliver new great content, leveraging their portfolio of
licensed content, and our tremendous scale of resources. With our production
teams led by Japanese ex-console producers, we will continue to raise the
quality of our products that we are able to deliver."
About BBMF Corporation
BBMF Corporation is one of the largest developers of mobile games in the world
with around 240 staff and presence in Japan, Hong Kong, China, Korea and the
US. The company is listed on the OTC Bulletin Board of NASDAQ and can be found
under stock symbol OTCBB: BBMF or under stock symbol BBMF on
http://www.otcbb.com/ . BBMF games and its other information can be found on
its web site, http://www.bbmf.net/ .
About Tokyo TV Broadband
TV Tokyo Broadband Entertainment Inc. ("TXBB"), a majority owned subsidiary of
TV Tokyo, the leading TV broadcaster in Japan, is engaged in the license rights
management for broadcasting contents, characters contents and economic
information. Its business also involves internet, mobile, broadband and other
media distribution businesses. Other major shareholders of TV TXBB include
NTT, Nikkei and Sharp. More details about TXBB can be found on its web site,
http://www.tx-bb.com/ .
This press release contains forward-looking statements about BBMF's future
expectations, performance, plans, and prospects, as well as assumptions of
future events. The reader is cautioned not to put undue reliance on these
forward-looking statements, as these statements are subject to numerous factors
and uncertainties that could cause BBMF' Corporation's actual results to differ
materially from those expressed or implied by these statements, including
without limitation, changes in supply and demand within the gaming industry;
business and economic conditions and trends; continued success in technological
advances; possible disruption in commercial activities caused by political
disruption in China or Japan; reduced customer demand relative to expectations;
competitive factors; and other risk factors listed from time to time in the
company's SEC reports. Actual results may differ materially from our
expectations as the result of these and other important factors relating to
BBMF's business and product development efforts, which are further described in
BBMF's filings with the Securities and Exchange Commission. These filings can
be obtained from the SEC's website located at http://www.sec.gov/ . Any
forward-looking statements are based on information available to BBMF on the
date of this release, and BBMF assumes no obligation to update such statements.
Contact:
BBMF Corporation:
Anny Lian, Chief Financial Officer
Tel: +81-90-8849-6586
Fax: +852-3010-5767
Email:
DATASOURCE: BBMF Corporation
CONTACT: Anny Lian, Chief Financial Officer, +81-90-8849-6586, or fax,
+852-3010-5767, or
Web Site: http://www.bbmf.net/
http://www.otcbb.com/