As expected, G5 signed a deal to develop AAA mobile game for one of top 3 video game publishers. The game is targeted for 2008 release, is based on the upcoming blockbuster movie and is codenamed Project Emerald inside G5. At the moment the company cannot disclose the customer or the brand involved. The game is powered by G5’s proprietary Talisman™ technology – a cross-platform mobile engine and tools which allow for highly efficient game development on a wide range of mobile devices.
 
Vlad Suglobov, CEO, comments: “G5 team is glad to be working on Project Emerald, and we appreciate the trust our partners have in us. With the latest deals signed, our expectations for Q3 and Q4 are in line with the forecast, while our increased capacity allows us to handle more work and we continue discussing other opportunities at the moment.”

During the week of October 22-26th Vlad Suglobov, CEO, will attend CTIA Wireless IT & Entertainment conference in San Francisco, California. A number of meetings will be held with the publishers regarding new assignments for 2008.

Project Anabel is now complete and approved by its publisher. The game will be released to public within a few weeks. The timeline for the development of the game was challenging, but G5 delivered on time to satisfied publisher. The company is now working on a new project for an existing customer that will be announced in more detail after contract has been through counterpart’s legal review.

G5 has completed work on PC CD-ROM game “T-34 vs Tiger”. The game is scheduled for release in Russia during Q4. The game will be distributed by Russia’s largest game distributor – 1C Company, and it’s coming out in the right season of the year, with minimum competition in its market niche. The team which developed the game will reinforce mobile and PC casual teams within G5.

One year ago, on October 2nd 2006 G5 was first publicly traded on Nordic MTF. Vlad Suglobov comments on the anniversary: “It has been an exciting year for G5 and we are looking forward to the coming years, as the business is developing well in all of our business areas, including mobile games, mobile marketing, and mobile applications, while we continue to expand our activities to other sectors”.