Conspiracy Entertainment to Enter the Mobile Download Market |
July 5, 2005 - Santa Monica, CA |
Conspiracy Entertainment (OTCBB:CPYE) announced today their intention to enter the Mobile Download Market. The company is in discussion with potential licensors to provide ringtones, graphics, games and screen savers for mobile devices. "Over the past several years we have developed the expertise and business relationships required to succeed in this market," said Sirus Ahmadi, President and CEO of Conspiracy Entertainment. "We believe that 2005 is the year where all of the critical market factors will come together to make this a high growth opportunity." According to an article published by Piper Jaffrey, Frost and Sullivan estimates that the wireless personalization market (ringtones, graphics, games and screen savers) will reach $1 billion by 2006. This growth can be attributed to the increase in download capable phones and growing consumer adoption. The same article estimates that the number of download capable phones in the U.S. will reach 100 million in 2005. In addition, Consumer adoption of mobile downloads, particularly with young adults, is on the rise. An article, written by Sue Marek of Reed Elsevier, cites a Mobile User survey conducted by the Yankee Group where 41% of mobile phone users between the ages of 18 to 24 and 22% of users between the ages of 14 to 17 downloaded at least one ringtone per month. "The primary demographic for Mobile Downloads matches up well with our customer base," said Keith Tanaka, CFO of Conspiracy Entertainment. "By leveraging our core competencies, we are in a solid position to take advantage of this growing market opportunity." About Conspiracy Entertainment Corporation Based in Santa Monica, CA., Conspiracy Entertainment Corporation is a developer, publisher and marketer of entertainment software in North America and Western Europe. The company develops and licenses properties from several sources, including global entertainment and media companies, and publishes software for DVD media, wireless devices, personal computers and videogame consoles including those manufactured by Nintendo, Sony Computer Entertainment, and Microsoft Corporation. For more information, please visit our website at www.conspiracygames.com. |













