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Gamelion Gets Growth Financing from Magnolia Ventures


SEP 13th - Gamelion Gets Growth Financing from Magnolia Ventures

FINLAND September 13, 2005 Gamelion (www.game-lion.com), one of the fastest growing mobile games companies in Scandinavia, announced today that it has received growth financing from Magnolia Ventures. Gamelion Inc, formely known as Gamelot, has developed Claw a technology, that automates publishing of mobile games to different mobile devices.

The investment will be used to accelerate Gamelion growth and to expand Gamelion sales and marketing efforts globally. Gamelion plans to expand to US market within year 2006 and additionally, has opened a new R&D and production site in Poland.

'By combining our Claw technology to the fact that we have a successful working history with the largest publishers of our industry, we have been able to build a rapidly growing profitable company. 'Now Gamelion will continue roaring for profitable growth' said Anton Gauffin, CEO of Gamelion.

'Gamelion is one of the most exciting companies in the mobile games industry. The company management team with the founders CEO Anton Gauffin and CTO Lauri Koutaniemi has proved that fast growth of an innovative company can be implemented profitably', comments Hannu Turunen, managing director of Magnolia Ventures.

Gamelion has produced titles like Minikarting, a casual racing game with innovative community features. Minikarting has been very popular in all of its versions and the game has been produced to all major platforms, Java, Symbian, Brew and as well as to emerging technology like Flash Lite.

About Gamelion:
Gamelion is one of the fastest growing game companies in Europe. Gamelion has a successful track record of delivering the highest quality wireless games to leading publishers and players all over the world. The company has more than doubled its revenues every year since its inception.

About Magnolia Ventures:
Magnolia Ventures is a Finnish, early stage venture capital firm helping the most innovative small technology companies to build their own international success story.

For further information, please contact:

Gamelion Inc
Anton Gauffin, Chief Executive Officer
Mob: +358-44-3398459
E-mail: anton@game-lion.com


Publisher Contact Information:

Gamelion Inc.
+358 44 3398459
anton@game-lion.com

Company profile of Gamelion Inc.
Past press releases of Gamelion Inc..

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DATEAMOUNTSECTOR
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