Mobile Game Developer GlobalFun AB Finalizes Acquisition of NGD Studios Mobile Division

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Wireless entertainment publisher GlobalFun strengthens foothold in South America, forming GlobalFun Argentina S.A.

We are very glad that our close cooperation with GlobalFun has led to this. NGD Studios mobile division is ready to take the next step, this time together with GlobalFun.

GlobalFun AB, a global wireless entertainment developer and publisher has, in a move to strengthen mobile game development and South American presence, acquired NGD Studios mobile division to establish GlobalFun Argentina. GlobalFun and NGD Studios share a history of high quality productions with titles such as the "Absolute Puzzle" series, "Billy the Kid" and "Charles Darwin's Oceans Life."

The new company GlobalFun Argentina, headquartered in Buenos Aires, will work with both internal and external development of mobile games. It will also serve as GlobalFun's "hub" in the South American region for marketing and sales.

"Having a presence also in South America is for us a natural step, and we are very excited about the future of GlobalFun Argentina," said Marcus Johansson, CEO of GlobalFun AB.

Pablo Zuccarino, one of NGD's founders said, "We are very glad that our close cooperation with GlobalFun has led to this. NGD Studios mobile division is ready to take the next step, this time together with GlobalFun."

About GlobalFun AB

GlobalFun AB, a leading wireless entertainment developer and publisher, was founded in 2000 and focuses on providing entertainment products for digital distribution channels. GlobalFun brings state of the art, high quality wireless entertainment and mobile games and to end-users worldwide by being a preferred mobile entertainment supplier to wireless carriers, hand-set manufacturers and e-tailers. GlobalFun's customers include Sony Ericsson, Ericsson AB, Cingular/AT&T, TeliaSonera, Vodafone, Jamba, Proximus, Aspiro, and many more.

GlobalFun is headquartered in Sweden and Europe (GlobalFun AB) with local sales offices in North America (GlobalFun Inc) and South America (GlobalFun Argentina S.A). For updated information on GlobalFun AB, our products and customers, please visit http://www.globalfun.com

About NGD Studios

NGD Studios is the one of the largest companies in Argentina dedicated to Game Development. It was founded in 2002 by veterans in the industry with almost 10 years of experience in electronic entertainment industry. NGD Studios has produced some of the most successful PC titles developed in Argentina for the local market. Titles include "Regnum" 1 & 2, "Mis Ladrillos Interactivo" 1 & 2 and it's in the final phase of development of "Regnum Online," a 3D MMORPG.

NGD Mobile Division has a broad experience in mobile game development and has produced several high quality titles including "Charles Darwin's Oceans Life," "Billy the Kid," "Absolute Puzzle," "Absolute FreeKick" and Advergames for Unilever's AXE product line, amongst others.

Media Contact:

Marcus Johansson

CEO GlobalFun AB

+46 455 61 50 39

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Marcus Johansson
GlobalFun AB
+46-455-61-50-39
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