Spider-Man goes Mobile with Indiagames

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Indiagames partners with Marvel Enterprises and Activision to Introduce Spider-Man Wireless Game

Indiagames, the leading J2ME and BREW developer, has entered into an agreement with Marvel Enterprises (NYSE: MVL) and Activision (Nasdaq: ATVI), to bring the world famous Super Hero, Spider-Man to the wireless arena via a Spider-Man game for mobile phones later this month.

The Spider-Man wireless game was developed by Indiagames under license from Marvel Enterprises and Activision, Inc. The wireless game will be available worldwide through all major network operators and will be released on all popular BREW- and J2ME-based phones, in eight languages. Spider-Man themed ring-tones and screensavers will be jointly marketed with the game.

Spider-Man for wireless devices is a side scrolling platform game. The game is set in New York, where Spider-Man’s staunch enemy, the Green Goblin’s thugs have kidnapped innocent citizens. It is the renowned wall crawler’s mission to rescue them. The game challenges players to scale skyscrapers, jump, web-sling through the air, punch and – battle foes, and spin webs around – enemies. -.

”Spider-Man with its large fan following which spans across countries, age groups, cultures and genders, is the ideal global mobile entertainment brand”, says Vishal Gondal, the CEO of Indiagames, “We are delighted to have the opportunity to develop a wireless game based upon this world famous character. We are sure that the millions of Spider-Man fans will enjoy the opportunity to experience the character in a wireless game.”

“Through our partnership with Indiagames, we are bringing Spider-Man, one of our most successful game licenses to emerging wireless markets" said Dave Anderson, Director of Business Development and Licensing for Activision, Inc. "Indiagames’ game development and design expertise will allow us to deliver a compelling game for mobile phone users globally."

Added Russ Brown Executive Vice President Consumer Products, Promotions and Media Sales for Marvel Enterprises, Inc., "Indiagames is providing their players excellent content based on the Spider-Man comic. Through this arrangement Marvel is able to bring one of its most popular Super Heroes to the mobile phone, further driving brand awareness, new revenue opportunities, and fan loyalty."

About Spider-Man

The journey of Spider-Man, from the comic book to mobile phones began in 1962 when the character first appeared in an issue of Marvel Comics’ "Amazing Fantasy" comic book. It was such a hit that "Amazing Fantasy" was renamed "Amazing Spider-Man" and reappeared in 1963. Since then the readers, fans and collectors worldwide have grown into making Spider-Man one of the most popular Super Heroes among all generations.

About Indiagames Ltd.

Indiagames Ltd (http://www.indiagames.com) is an award winning multi-platform games company that delivers wholesome, immersive, interactive and entertaining gaming experiences. It develops for wireless, console and online gaming platforms. Indiagames is working with top game publishers, handset manufacturers, Hollywood studios and mobile operators across the world. Indiagames develops games across various wireless platforms like BREW, J2ME, I-Mode & Symbian.

About Marvel Enterprises, Inc.

Marvel Enterprises, Inc. is a leading global character-based entertainment company that has developed and owns a library of more than 4,700 characters which have entertained generations around the world for over 60 years. Marvel's operations are focused in entertainment and consumer product licensing and comic book publishing. Marvel Studios supports the development of feature films, DVD/video products and TV series. Marvel's creative team also supports the creation of video games and toy lines based on its characters as well as for a broad and growing range of consumer products and services including apparel, collectibles, foods and promotions. Marvel's comic book division is a leading publisher in the global marketplace while also serving as an invaluable source of intellectual property. Marvel's Toy Biz division is a recognized creative force and leader in toy design, sales and marketing, developing and overseeing both licensee and in-house toy lines.

For additional information visit http://www.marvel.com.

About Activision

Headquartered in Santa Monica, California, Activision, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products. Founded in 1979, Activision posted net revenues of $864 million for the fiscal year ended March 31, 2003.

Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Japan, Australia, Scandinavia and the Netherlands. More information about Activision and its products can be found on the company's World Wide Web site, which is located at http://www.activision.com.

Marvel, Spider-Man, Green Goblin: TM & © 2003 Marvel Characters, Inc. All rights reserved. Super Heroes is a co-owned registered trademark.

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For more information please contact

Vishal Gondal

CEO Indiagames Ltd.

Mobile +91 9821552241

Office: +91 222 5201127

E-mail : vishal@indiagames.com

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