NEW YORK, NY, Sep 08, 2008 (MARKET WIRE via COMTEX) -- Legend Mobile Inc. today announced that it intends to enter the market for iPhone software. The company is currently developing several products it expects to release in the fourth quarter of 2008.
The initial products will be targeted towards a male audience. Legend is negotiating with several combat sports athletes as well as recognized motor sports brands to use their trademarks and likeness on various software products for the iPhone and iPod touch.
The unique capabilities of the iPhone and the iPod touch offer a new experience through the use of their touch screen, multiple sensors, and advanced graphics. Legend plans to develop a portfolio of branded applications using world recognized brands based on these new features.
According to industry reports, iPhone users have downloaded more than 60 million applications since the App Store opened in July. Prices for applications range from free to $9.99. Legend does not expect to offer free applications in its first set of products.
According to industry reports, iPhone users have downloaded more than 60 million applications since the App Store opened in July. Prices for applications range from free to $9.99. Legend does not expect to offer free applications in its first set of products.
Legend Mobile has previously worked with internationally known athletes and celebrities in the areas of mobile gaming, entertainment, and information. The company's past successes in the mobile space and extensive relationships with potential licensors could lend themselves to rapid growth in this new and wildly popular platform.
This press release contains forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, that reflect Legend Mobile's current expectations about its future results, performance, prospects and opportunities, including statements regarding Legend Mobile's intent to enter into the iPhone software market. The company may never secure a license from a world recognized brand. Where possible, Legend has tried to identify these forward-looking statements by using words such as "anticipates," "believes," "intends," or similar expressions. These statements are subject to a number of risks, uncertainties and other factors that could cause actual events or results in future periods to differ materially from what is expressed in, or implied by, these statements including the risks set forth in our filings with the Securities and Exchange Commission. We cannot assure you that we will be able to successfully develop or commercialize products based on our abilities and lack of financial resources, that we will be able to obtain future financing or funds when needed, that product development and commercialization efforts will not be reduced or discontinued due to difficulties or delay or changes in consumer taste or current abd potential licensors, or that our business strategy will be successful. All forward-looking statements made in this press release are made as of the date hereof, and Legend assumes no obligation to update the forward-looking statements included in this news release whether as a result of new information, future events, or otherwise.
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