Left Behind Games Increases Guidance
November 16 2010 - 3:43PM
Business Wire
Left Behind Games Inc. (OTC: LFBG),
a leading publisher of Christian video games, announced an increase
in guidance of 30% for its fiscal year end of March 31, 2011.
LB Games® CEO, Troy Lyndon, says, “We are pleased to announce
this increase in our expectations that we will exceed more than
$1.3 million in annual revenue as a result of significant interest
in our products. We are on a steady course to do all that is
necessary to increase shareholder value and become eligible for
NASDAQ® or the NYSE®.”
On February 24, 2010, Michael Patcher, Research Analyst at
Wedbush Securities stated, "I think that the Christian video game
market is a significant market currently underserved by traditional
publishers.” Since the time of Patcher’s quote, LB Games has grown
in revenues by more than 1000% and gained national retail
distribution through Synnex (NYSE: SNX), a billion dollar funding,
fulfillment and distribution partner introduced to LB Games by
Walmart (NYSE: WMT). LB Games products are also available online at
Walmart.com and BestBuy.com.
About Left Behind Games Inc.
Left Behind Games Inc., dba Inspired Media Entertainment, is the
only publicly-traded exclusive publisher of Christian video game
software. They produce quality interactive entertainment products
that perpetuate positive values and appeal to faith-based and
mainstream audiences. For more information, go to
www.leftbehindgames.com.
LB GAMES, LEFT BEHIND 3: RISE OF THE ANTICHRIST, CHARLIE CHURCH
MOUSE, PRAISE CHAMPION AND KING SOLOMON’S TRIVIA CHALLENGE are
trademarks of Left Behind Games Inc. in the U.S. and other
countries. All rights reserved.
LEFT BEHIND is a registered trademark of Tyndale House
Publishers, Inc. in the U.S. and other countries. All rights
reserved.
All other trademarks are the property of their respective
holders.
Caution Concerning Forward-Looking Statements
This release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
expectations of Left Behind Games. Prospective investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, and that results may differ materially from such
statements.