San Mateo has become the global hub for the mobile entertainment industry, which drives every level of our local economy,
San Mateo, CA (PRWEB) December 4, 2008
In an effort to raise awareness and invigorate the fledgling mobile content business, Tapatap executives are heading to Washington, D.C. to secure a bailout plan for Tapatap and the mobile entertainment industry. Tapatap is a mobile social games community where users can make friends and play games for fun and rewards. San Mateo is home to over 15 mobile entertainment companies and is a key driver for the County of San Mateo's local economy, home to over 700,000 residents.
"San Mateo has become the global hub for the mobile entertainment industry, which drives every level of our local economy, "said an anonymous City of San Mateo council member. "The innovation this industry has shown has brought mobile entertainment to the forefront both globally and locally, and it is important it receives the financial support needed from Washington."
"It's pertinent for the global economy to keep Tapatap and other mobile entertainment companies in business. We think $50 million is the right number to ask congress to approve from the TARP or other bailout fund sources for the industry," said Isaac Babbs, CEO of Tapatap. "Besides if executives from the big 3 automotive companies no longer have games to play on their mobile devices, what will they do during their executive meetings or their long drives to Washington?"
Tapatap executives are departing San Mateo later this week in the company Prius and plan to arrive in DC by December 15 to meet with congress. Hopefully, congress will still be in session and will not yet have begun their yearend break by the time they arrive in DC.
About Tapatap, Inc.
Tapatap is a mobile social games community where users can make friends and play games for fun and rewards. Users can create, enter and play user generated or sponsored contests by some of today's major consumer brands. Harnessing the power of mobile 2.0, Tapatap combines pop culture and game show logic, to deliver the most unique consumer mobile entertainment experience. Based in San Mateo, CA, Tapatap launched in June 2007 and is privately funded by Gabriel Venture Partners. Tapatap is on your mobile phone at m.tapatap.com and on the web at http://www.tapatap.com
None of the above is true. This press release was written to show that every industry in this country is going through a challenging time right now and needs support. As we did post dot-bomb crash of 2001 with no federal support, Silicon Valley will continue to show its resilience by changing the future of interactive entertainment through innovation. In the mean time, please support Tapatap by using our product, playing our games, and buying tokens at m.tapatap.com on your mobile phone browser!
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