SOURCE: Interactive Games, Inc.

August 22, 2005 09:15 ET

Interactive Games Announces Licensing Agreement With 9 Squared to Expand Ringtone and Wallpaper Offerings for JamDirect.com Subsidiary

LAS VEGAS, NV -- (MARKET WIRE) -- August 22, 2005 -- Interactive Games Inc. (OTC BB: IGAM), a publisher and licensor of mobile gaming and wireless applications, today announced a licensing agreement with 9 Squared Inc. for the company's wholly owned division JamDirect, (www.JamDirect.com). Through the agreement with 9 Squared, Interactive Games will now publish and distribute over 10,000 ringtones and wallpapers from popular recording artists and feature movies such as -- U2, ColdPlay, Gwen Stefani -- "Hollaback Girl," Black Eyed Peas -- "Don't Phunk With My Heart," "Meet The Fockers" -- Greg Focker -- Mr. Munchkin Head -- and celebrity voice ringers Mike Jones, and Xzibit -- You've Been Officially Pimped amongst thousand of others .The ringtones and wallpapers are now available at www.Jamdirect.com across major carriers including Cingular/AT&T, Sprint and T-Mobile.

"The partnership with 9 Squared was a natural transition and blockbuster idea for the Jamdirect ticketing and entertainment division. With the traffic and clients we are building for event tickets at Jamdirect, it seemed only logical that we offer ringtones and wallpapers of the same artists we are presently selling tickets for. Now, for clients wishing to buy event tickets for any major concert or sporting event throughout the country, we are the only destination site online that offers a wide array of ringtone, wallpapers, flixtones and graphics along side our hard-to-get seats and sold out event tickets. The new agreement with 9 Squared will provide Interactive Games and our wholly owned subsidiary JamDirect.com with one of the largest available libraries of online event tickets, ringtones and wallpapers at one destination portal site," stated Michael Friedman, founder of JamDirect.

Ringtones generated approximately $4 billion in sales worldwide in 2004 (Consect, Q1 2005), and are expected to generate $724 million in sales in the U.S. by 2009 as reported by Juniper Research. Fueled by steady growth in cell phone ownership by teens -- nearly half of all U.S. teens and tweens (10-18 year olds) now have a cell phone (NOP World Technology, March 2005). In addition, the total number of wireless subscribers in the U.S. now exceeds 180 million (CTIA, March 2005), and according to an article in the New York Times, cell phone users are increasingly using their phones as their primary phone book. White papers and further details of the study "Mobile Commerce (M-Commerce) & Micropayment Strategies" can be freely downloaded from http://www.juniperresearch.com.

About Jam Direct

www.Jamdirect.com, a wholly owned division of Interactive Games Inc. (OTC BB: IGAM), is fast being recognized as a premiere entertainment destination portal featuring online tickets to all concert, sport and theater events, download of ringtones, wallpapers and music news and features. www.JamDirect.com will seek to become the premiere portal for Hard-To-Find tickets for sold-out concert, sports and theater events across the United States. The state-of-the-art m-commerce site will enable visitors to purchase online event tickets by providing a connection to buy or sell hard-to-Find tickets to any event across the United States. These events include U2, ColdPlay and Rolling Stones, Elton John and Celine Dione tickets for current touring dates in the music category, New York Yankees, Boston Red Socks and Florida Marlins Tickets among others in Sports Categories as well as Wiggles to Wicked tickets in the family and theater categories.

About Interactive Games

Interactive Games, Inc. (OTC BB: IGAM), www.interactivegamesinc.com, is a developer and licensor of interactive casino technologies and mobile gaming applications. Interactive Games has entered into license and distribution agreements with Ed McMahon for the Interactive Games "Million Dollar Madness Class III Slot Machine," BestBet Media, Spin Inc. and other third-party manufacturers and distributors, in which the company has the right to market, sublicense and distribute gaming products under the Interactive Games brand.

About 9 Squared Inc.

9 Squared, Inc., a subsidiary of UK-listed global content provider MonsterMob Group PLC, is a global leader in developing and aggregating entertainment-related content for wireless carriers, retailers and media companies in North America, South America, Eastern Europe and Asia.

Equipped with an extensive catalog of premium content and vast distribution channels, we offer compelling solutions for entertainment companies interested in translating their brands and properties to mobile phones. 9 Squared offers turnkey solutions that bridge media and entertainment companies to the explosive wireless and mobile entertainment industries.

Our proprietary technology and branded applications allow for delivery to more than 870 million individual handsets on CDMA, TDMA, and GSM networks utilizing protocols such as J2ME, SMS, MMS, WAP, and BREW.

9 Squared acts as the ultimate liaison to the wireless marketplace generating viable revenue streams for our partners through the ability to reach hundreds of millions of wireless subscribers worldwide.

The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, factors detailed in Interactive Games Inc.'s Securities and Exchange Commission filings; economic downturns affecting the operations of Interactive Games, Inc. and its subsidiaries; the inability to initiate or complete any contemplated restructuring, offering, acquisition, disposition or other transaction; adverse financial performance by Interactive Games, Inc. or its subsidiaries; the inability to successfully introduce new products or services; the inability to reduce interest costs; and the unavailability of financing to complete management's plans and objectives. Historical financial results are not an indicator of future financial performance. The forward-looking statements contained in this press release speak only as of the date hereof and Interactive Games, Inc. disclaims any intent or obligation to update these forward-looking statements.

Contact Information

  • CONTACT:
    Interactive Games
    866.568.GAME
    JamDirect
    888.TIXS.NOW

    Investor Relations:
    Michael Friedman
    561.651.1350