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With setting up Just A Game GmbH, Bob Mobile AG opens up a new field of business in the growth market of online browser games. The newly founded company, will further complete Bob Mobile's portfolio by the sales and marketing of games, placing a special focus on the segment of multiplayer and social games on the Internet and for mobile phones.
The market of online games including browser and social games is a strong growth market where an average annual growth of 10.6 per cent is expected for the coming years (source: PriceWaterhouseCoopers: Global Entertainment and Media Outlook 2009 - 2013). Companies like Bigpoint, Gameforge and Zynga operate very successfully already in the field of online games. Presently, growth is mainly taking place on the internet, but owing to convergence a strong growth may also be expected on the mobile Internet.
Just A Game GmbH concentrates on the sales and marketing of multiplayer and social games, applying the proven free-to-play and item-selling business model, already successfully used in this branch of business.
High user numbers are expected because the games will be easily accessible via the browser and use will be offered free of charge. Monetarization will take place by the sale of items in the game as well as subscriptions. The first games are planned to be launched commercially in October 2010, and license negotiations will soon be completed. What is more, the company will run a license trade with games that will serve for the procurement of strong online licenses for the company's own end consumer distribution and for marketing over a global network of partners.
By expanding its portfolio to a related field, an opportunity opens up for Bob Mobile AG to use synergy effects and to utilize the established core competence areas of online marketing as well as micropayment and technology also in this field. An experienced team of about fifteen games experts is striving to establish Just A Game GmbH successfully in the market of online browser games within a short time. In addition, a strategic distribution cooperation has been agreed with Covus GmbH&Co. KG who operates www.Browsergames.de, one of the leading German online games portals.
Bob Mobile AG holds 68 per cent of the shares in Just A Game GmbH and will fully consolidate the company. The remaining 32 per cent are reserved for staff members and partners. For the business year 2010, Just A Game GmbH will have a limited contribution to sales growth, with sales of less than one million Euros. Yet it is planned that from the business year 2011 Just A Game GmbH will make a substantial contribution to the sales growth of the Bob Mobile group with a minimum sale of 5million Euros annually. Growth target for the net result of the Bob Mobile group in 2010 remain positive as funds for start-up losses from new activities are contained in the budget for the business year 2010. For 2010, the Bob Mobile group continues to expect a two digit growth of revenue and earnings versus the previous year. This expectation is based on the assumption that there will be no unexpected negative events of major impact that affect the Group.
About Bob Mobile AG: Bob Mobile AG is a holding company in the area of mobile value added services, based in Straelen, Germany. As a leading marketer of mobile and interactive value added services, Bob Mobile has established direct-to consumer distribution in several European countries via its subsidiaries and possesses a technical reach of nearly 200 million mobile phone users. In addition, the Bob Mobile Group develops cutting-edge mobile content&concepts. Bob Mobile specialises in selling its products via TV and the internet and cooperates closely with leading television broadcasters as well as internet networks. The Bob Mobile Group focuses on profitable growth: via expansion into new countries as well as via active product and services development for current as well as new multimedia handsets.
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