Thursday, August 11, 2011

Artificial Life (ALIF) announces postponed Q1 2011 results

Q1 Results in 10Q
During the three-month period ended March 31, 2011, we continued to market and expand the distribution of our products in Europe, Asia and the United States by entering into various strategic relationships. Our products are now sold in over 100 countries through resellers and telecom partners and in over 90 countries through Apple’s App Store/iTunes distribution platform.

In the first quarter of 2011, we continued to intensify marketing of our new m-commerce platform, OPUS-M™ since its launch in early 2010, and were successful with our efforts as the majority of our new revenues were related to or derived from this product. OPUS-M™, with its broad appeal, flexible module selection concept, competitive pricing, hosting support and comprehensive feature set is our current key product and the basis for our future expansion.

Significant events during the first quarter of 2011 include the following:

·         In January 2011, we announced the launch of a new investment entity, Artificial Life Investment Ltd.,
and our first two investments.
·      In January 2011, we agreed with 3M Company to launch three distinct pilot projects to co-develop innovative joint mobile products in 2011.

·      In January 2011, we announced our upcoming mobile telemedicine health solution, NeuroDerMo, the second in a series of mobile healthcare products.

·      In February 2011, we announced the launch of iSink U for free on the Android platform.

·      In February 2011, we announced the official launch of our new Alife Blog and Investments Section on our Company Website.

·      In February 2011, we announced our upcoming Portfolio Manager product, an easy-to-use, innovative mobile financial portfolio management application.

·      In February 2011, we announced the upcoming launch of ToonMates®; a massively multiplayer social game for multiple platforms including: Facebook, Android, iOS, and Windows Phone 7 devices.

·      In March 2011, we announced that our new Android title iSink U: Pirates Edition will be coming soon exclusively to the Amazon Appstore for Android.

"Q1 of 2011 was our last quarter based on our former business model and strategy and it was again a strong quarter as so many before. However, as of the second quarter of this year we do no longer follow the same approach to help increase shareholder value and to achieve a better market value for our equity. In the coming months we focus on preparing investments and selecting appropriate targets. We are looking forward to implementing our new and innovative investment strategy and asset sales now as announced in prior communications," said Eberhard Schoneburg, CEO of Artificial Life, Inc.


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