$FRZT
TUSTIN, Calif., Nov. 14, 2012 (GLOBE NEWSWIRE) -- Craig Holland, CEO of Freeze Tag ( FRZT ), a developer of family friendly games for tablets and smartphones, updated shareholders today on the mobile game company's progress in reaching its corporate objectives. The CEO made the following statements:
- We extend a warm welcome to those shareholders who have recently joined us, and thank you for your interest in our company.
- We've received several requests for more information about our upcoming titles, strategic relationships, and other initiatives. To those who have made these inquiries, please stay tuned. We will soon have more exciting news about upcoming titles and publishing partners.
- One of our strategic partners, GREE, recently announced that Freeze Tag had entered into an agreement with GREE to publish one of our new free-to-play games, Party Animals (TM) in the coming months. We are making great progress on Party Animals (TM) and believe it will be a big success on the GREE platform. Party Animals (TM) is a game that appeals to kids of all ages, like all of our family friendly, casual games.
- In the last year, free-to-play games with in-app purchases have dominated the "top grossing" charts in both the iOS and Android mobile app stores, comprising as much as 70% of the charts of the highest earning titles. Freeze Tag has successfully transitioned its entire production team to design and produce free-to-play games. However, our new free-to-play titles, Party Animals (TM) and The Grimm Reaper (TM): Hidden Tales have not yet launched. As such, the potential revenue from these games has not yet factored into our financial statements.
About Freeze Tag, Inc.
Headquartered in Tustin, California, Freeze Tag, Inc. creates "family friendly fun" games for smartphones, tablets, PCs and Macs. For more information, visit the Freeze Tag website at www.freezetag.com . Freeze Tag (FRZT) stock is publicly traded on the OTCQB exchange.
The Freeze Tag, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15658
Safe Harbor Notice
Certain s tatements con tained herein are "forw ard -looking sta tements" (as defined in the Private Securities Litigation Reform Act of 1995). Freeze Tag, Inc. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. Freeze Tag, Inc. undertakes no obligation to revise these statements following the date of this news release.
Craig Holland
Freeze Tag, Inc.
investorrelations@freezetag.com
(714) 210-3850 X26
