SOURCE: Left Behind Games Inc.

February 20, 2007 14:49 ET

Left Behind Games Inc. Announces Gross Revenues of $2,206,411 for Quarter Ending December 2006

MURRIETA, CA -- (MARKET WIRE) -- February 20, 2007 -- Left Behind Games Inc. (OTCBB: LFBG), a leader in the inspirational video game market, today announced results for the third quarter ended December 31, 2006.

Left Behind Games recorded gross revenues for the six weeks ending their December quarter of $2,206,411. These revenues were all from the sale of the Company's initial product, LEFT BEHIND: Eternal Forces, which was launched on November 14, 2006. This represents the first period of revenue for Left Behind Games.

The Company recorded a sales reserve of $1,202,090 to allow for potential markdowns and returns for the game. As a result of this sales reserve, net revenues for the quarter were $1,006,321.

"We have spent nearly five years building a company and these results only represent the first six weeks of our sales. Now that we have distribution into more than 10,000 retail locations, we expect to have significantly more revenues and reach profitability in less than 12 months," says Troy Lyndon, chief executive officer for Left Behind Games. "Our next product release is in just seven months, scheduled for September 2007. Meanwhile, we are expanding our sales channels beyond major retailers to include more Christian bookstores, ministry sponsorships, church outreaches, Christian conferences, LAN center licensing, viral online and Internet sales, music concerts and trial versions. We look forward to a very prosperous year."

Overall, for the December 2006 quarter, Left Behind Games posted a net loss of approximately $4,126,000, or $0.19 per share compared to a net loss of $934,000, or $1.16 per share, for the December 2005 quarter. The December 2006 period included approximately $487,000 of non-cash charges related to stock grants to employees and approximately $1.2 million of non-cash charges related to stock grants to consultants for services.

For more information, visit www.leftbehindgames.com

ABOUT LEFT BEHIND GAMES

Left Behind Games Inc. was founded in October 2001 for the purpose of developing games based upon the popular "Left Behind" book series. The mission of Left Behind Games is to become the world's leading independent developer and publisher of quality interactive entertainment products that perpetuate positive values and appeal to mainstream, inspirational and gamer audiences, while remaining committed to increasing shareholder value and pursuing the highest standards of integrity and professionalism in all business affairs.

LEFT BEHIND is a trademark of Tyndale House Publishers, Inc. that has been registered in the U.S. and other countries. ETERNAL FORCES is a trademark of Left Behind Games Inc. in the U.S. and other countries. All rights reserved.

Safe Harbor Statement under the U. S. Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which express the current beliefs and expectations of Left Behind Games' management. Such statements are subject to a number of known and unknown risks and uncertainties that could cause Left Behind Games' future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Contact Information

  • MEDIA CONTACT:
    Annette Brown
    Left Behind Games Inc.
    951-894-6597 ext. 363
    Email Contact

    INVESTOR RELATIONS:
    Jon Cunningham
    Aurelius Consulting
    407-644-0758
    Email Contact