Left Behind Games shareholder update
Date : 09/21/2009 @ 8:22AM
Source : PR Newswire
Stock : (LFBG)
Quote : 0.049 0.008 (19.51%) @ 4:01PM
Left Behind Games shareholder update
MURRIETA, CA, Sept. 21 /PRNewswire-FirstCall/ -- Left Behind Games Inc. (OTC:LFBG), dba Inspired Media Entertainment, a leading publisher of Christian video games, responds to shareholder comments regarding a name change that was under consideration. As shareholders have said, the Left Behind name is significant because the Company's LEFT BEHIND branded games are based upon the popular novel series by Tim LaHaye and Jerry Jenkins which have sold more than 65 million books in 30 languages worldwide, as well as three movies with more expected in the future. In recent years, the Company's game, LEFT BEHIND: Eternal Forces, has become the most widely distributed Christian PC game in history.
Therefore, in response to Shareholder input, the Company has decided to retain the well recognized name, Left Behind Games Inc.
The Company recently announced a three-for-two forward split of its common stock for shareholders of record, as of October 2, 2009. As a result, the Company's stock was up more than 15% on heavy trading of 24 million shares last Friday, September 18th.
CEO Troy Lyndon says, "We're here to serve our shareholders and listen to their wisdom. Accordingly, we believe the upcoming forward split will increase shareholder liquidity for everyone's benefit."
Left Behind Games also reports that the Walmart marketing trial will include three of the Company's six games in precisely 100 stores in the Dallas and Houston, Texas regions. The Texas demographic is expected to provide an excellent opportunity for the marketing test to have favorable results. Meanwhile, the Company plans to distribute more than 17,000 games for free to church Pastors in the market test area. The mailing plan is to ship 1,500 games to churches weekly from the 2nd week in October through Christmas and the New Year. The mail-out will include an appeal for churches to send customers to Walmart to purchase Christian games.
CEO Troy Lyndon says, "Christian products have gained popular acceptance in the music and book sections of Walmart stores over recent years, and it is anticipated that Christian PC video games will be equally well received. Based upon their past success selling Christian products, combined with our creative marketing program, I expect we will substantially exceed the results necessary for Walmart to expand distribution to a significantly larger number of its stores nationwide."
About Left Behind Games Inc.
Left Behind Games Inc. is a publisher of quality interactive entertainment products that perpetuate positive values and appeal to mainstream and faith-based audiences. In contrast to many other PC games, the Company's games encourage positive decisions and actions. Rather than the usual "winning" by using weapons and killing the enemy, players are rewarded when their characters use the power of influence to bring about good rather than destruction. For samples for your church or school, you can go to
http://www.supportgoodgames.com/.
INSPIRED MEDIA ENTERTAINMENT is a trademark of Left Behind Games Inc. LEFT BEHIND is a trademark of Tyndale House Publishers, Inc. All rights reserved.
Cautionary Note Regarding Forward-Looking Statements
The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for the Company's future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including: our dependence on key management and product development personnel, and our ability to develop other profitable titles for current generation platforms, the timely release and significant market acceptance of our games, the ability to maintain acceptable pricing levels on our games, our reliance on a primary distribution service provider for a significant portion of our products, and our ability to raise capital if needed. Other important factors and information are contained in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2009, in the section entitled "Risk Factors," and the Company's other periodic filings with the SEC, which can be accessed via a link from
http://www.inspiredmedia.com/ on our Investor Relations page. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
DATASOURCE: Left Behind Games Inc.