Skreem Entertainment Signs Letter of Intent To Acquire Popular Online Video Game Company; Weaver Interactive On Target to Hit $70 Million by 2010 |
|
Skreem Entertainment Signs Letter of Intent To Acquire Popular Online Video Game Company; Weaver Interactive On Target to Hit $70 Million by 2010 |
|
|
||
|
||
Tuesday August 08, 2006 |
||
|
Skreem Entertainment Signs Letter of Intent To Acquire Popular Online Video Game Company; Weaver Interactive On Target to Hit $70 Million by 2010 ORLANDO, Fla.--(BUSINESS WIRE)--Aug. 8, 2006--Skreem Entertainment Corporation (OTCBB:SKRM) continued its aggressive push into new media with the announcement that it had signed a Letter of Intent to acquire Weaver Interactive, Inc. Weaver, the Korean mobile content and online game developer who launched "Samgukji" in March 2005, is on target to reach $70 million in sales by 2010. Weaver's games are based on the well-known Chinese historic figures in the era of the Three Kingdoms. Weaver's growth plan is to team with local game publishers in each target market, and deliver a commercial launch for specific markets within ninety days. Weaver has signed an agreement with 'Tom.com', China's top Internet portal, to market "Luanshi Sanguo," the Chinese version of "Samgukji" during 3rd quarter 2006 to the $3.5 Billion Chinese market. There are already over 30 million broadband video game members in the world's fastest growing online market. Weaver's "Partnership & Promotion" program allows for their core online games to be localized for language, music and content nuances, along with the development of new episodes and events. Weaver's marketing of their historical multiple online role playing game into China will be followed by Weaver's 2007 planned entrance into the $400 million Japanese market, the $285 million Taiwan market and the $42 million Thailand market. Charles Camorata, Skreem President, said, "Weaver's goal is to be a worldwide game portal service delivering online entertainment to PC's console and mobile media. Their core competencies compliment our creation and licensing of multi-platform music and video content. We will be able to help Weaver become a worldwide brand by providing them capital, marketing strategies, the ability to acquire competitors and entrance into the European and American markets." About Skreem Entertainment Corporation Skreem Entertainment Corporation is an international, publicly traded company based in Orlando, Fla. The Company is a creator and provider of multi-platform music and video entertainment content. For more information, visit our website www.skreementertainment.com |
|
|
||
|
||
Tous droits réservés - All rights
reserved. |
