BEVERLY HILLS, Calif., Sept. 5, 2012 -- Telpac Industries, Inc. (PINKSHEETS: TLPC), a global provider of mobile payment and electronic commerce products and services, today announces that the company has executed a software programming contract for the development of two mobile platform games for the Apple App Store (iPad, iPhone, and iPod Touch) and the Android, Google Play Store. This contract solidifies Telpac's expansion into the mobile gaming industry, and we anticipate a fourth quarter completion and market placement in the first quarter of 2013. Upon completion of these two games, Telpac plans on developing a library of additional games in the coming years creating a name within the marketplace. Telpac is currently in the process of partnering on a proprietary patent pending high level interactive game for the console market. Through our planned social network integration, the initial two games will be marketed to customers in the tens of millions within the social network user base of this multi billion dollar industry.
The development team headed by William McKown, President of Revolution Games, Inc., and in association with Michael Yum, President of Krew Game Studios, have collectively developed numerous games for console, online, and mobile device platforms. "We look forward to working with Michael Yum and William McKown of Revolution Games, Inc. for the development of our mobile device game applications. Their experience and skills in programming and social network integration will assist us in developing quality games for Telpac. From my experience in the game development industry, we are very pleased to work with such an accomplished team," said David Teuma, CEO of Telpac Industries, Inc.
ABOUT TELPAC INDUSTRIES, INC (TLPC)
Telpac is a fast-growing global mobile media company, with a full focus on Targeted Social Networks. Telpac has developed a vertically integrated, service offering where Targeted Mobile Social Networks, mobile content, entertainment and social mobile games, mobile payments, and advanced mobile technology platforms. For more information go to: www.telpacindustriesinc.com.
This press release contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable laws, including the securities laws of the United States, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results.
SOURCE Telpac Industries, Inc.