BEIJING and DALLAS, July 11, 2013 /PRNewswire/ -- NQ Mobile Inc. (NYSE: NQ), a leading global provider of mobile Internet services, today announced the ongoing growth of its subsidiary, Beijing Feiliu Jiutian Technology Co. (FL Mobile) a leading social mobile platform in China. Behind the strength of its existing platform growth and now with expanded rights with Tencent and CMGE, the company is confident in reaching the high end of our stated $25-$28 million net revenue guidance.
FL Mobile has signed a strategic agreement with Tencent's game studio "Five Colored Stones" that gives it operating rights of a selection of "Five Colored Stones" studio developed mobile games developed by Five Colored Stones' studio on the iOS platform in mainland China (excluding Hong Kong, Macau and Taiwan). FL mobile has just launched the first game, "Journey to the West – Mythical Chapter" pursuant to this strategic agreement, at the beginning of July.
"Dragon's Summon," a puzzle and card game jointly operated and published by China Mobile Games and Entertainment Group Limited (CMGE) and FL Mobile, is distributed exclusively on the iOS platform by FL Mobile.
At a press conference at the end of May formally launching the game "Dragon's Summon", Ken Jian Xiao, Chief Executive Officer, CMGE stated, "We are constantly working to improve our diverse game portfolio through strategic partnerships with qualified operators such as FL Mobile. In Japan, puzzle and card games have proven to be very popular and profitable and we believe that China now holds equally as many opportunities for monetization of such games which we intend to capture with the launch of this game and others to follow."
"NQ Mobile's strategy is to become the world's leading mobile Internet platform company with diversified monetization capabilities. FL Mobile's ongoing expansion continues to broaden NQ Mobile's product and service offerings to our large and global user bases, while enhancing our ability to engage with consumers in new and unique ways," said Dr. Henry Lin, Founder, Chairman and Co-Chief Executive Officer of NQ Mobile, "FL Mobile's growth is an important step in our efforts to establish a trusted mobile Internet platform that engage users, developers and advertisers through a variety of products and services."
"We look forward to our ongoing growth and expansion of our new games into new markets this year," said Dr. Tony Ni, Founder and CEO of FL Mobile. "Levering NQ Mobile's platform, we will continue to expand our combined user base, to gain even better customer insights for our new games, and to provide a better user experience in China and internationally. We plan to achieve this by organic growth and strategic partnerships, like the ones announced today with an exciting Tencent game suite as well as jointly operating games with CMGE."
About FL Mobile
FL Mobile™ is a leading mobile game publisher and operator, with a mobile interest-based community platform that engages users in real-time mobile online activities. According to data published by Sino MR, a third party marketing research company, FL mobile is one of the leading iOS mobile game publishers and operators in China. FL Mobile™ has recently published popular mobile phone games, including: QQYujian-FL Extreme Edition, City of Splendors, Little Ninja, War Fire 1942, Gold Lost City, and Little Dragon.
About NQ Mobile
NQ Mobile Inc. (NYSE: NQ) is a leading global provider of mobile Internet services. NQ Mobile is a mobile security pioneer with proven competency to acquire, engage, and monetize customers globally. NQ Mobile's portfolio includes mobile security and mobile games & advertising for the consumer market and consulting, mobile platforms and mobility services for the enterprise market. As of March 31, 2013, NQ Mobile maintains a large, global user base of 327 million registered user accounts and 111 million monthly active user accounts through its consumer mobile security business, 77 million registered user accounts and 14 million monthly active user accounts through its mobile games & advertising business and over 1,250 enterprise customers. NQ Mobile maintains dual headquarters in Dallas, Texas, USA and Beijing, China. For more information on NQ Mobile, please visit http://www.nq.com.
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