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HONG KONG CO ARTIFICIAL LIFE POSTS LOWER NET LOSS FOR 2003.
(Full text of a statement. Contact details below.)
HONG KONG, April 1 XFNHK-AsiaNet - The Hong Kong-based Artificial Life, Inc. (ALIF) , a leading provider of intelligent agent based mobile and Internet technology and applications, today announced its fiscal 2003 and fourth quarter 2003 results.
"Continuing our efforts from the previous year, we developed a new set of products and a new technology platform in 2003 targeting the mobile industry especially in Asia and Europe.
"With our just-released SmartEngine Mobile Platform(TM) we are able to deliver our content, applications and technology to all major phones and mobile communication devices.
"We are now able to deliver intelligent and interactive applications for the full range of mobile data communication services such as SMS and MMS as well as for 2G and 3G channels. Hence, even though we did not generate any substantial revenues in 2003 it was a very important and successful year for us.
"The new products are already generating revenues. We have also been able to attract new investors in 2003 and early 2004 and raised new funds to support our re-expansion and the global roll-out of our new products commencing in Q2, 2004," said Eberhard Schoeneburg, CEO of Artificial Life, Inc.
Revenues for the year ended December 31, 2003 were $3,400 as compared to $1,799,964 for the year ended December 31, 2002.
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Source: HighBeam Research, HONG KONG CO ARTIFICIAL LIFE POSTS LOWER NET LOSS FOR 2003.