Artificial Life (PINK:ALIF)

HONG KONG, Dec. 7, 2011 (GLOBE NEWSWIRE) -- Artificial Life, Inc. (Pink Sheets:ALIF), a Hong Kong based investment company, today announced the execution of an application development agreement with WowWee Group Limited.

WowWee is a globally recognized, award-winning designer and manufacturer of high-tech toys and consumer entertainment products. With a focus on the development of breakthrough entertainment technology, WowWee produces some of the most innovative, inventive toys and gadgets on the market.

Through this partnership, Artificial Life with its subsidiary Alife Studios, Inc. will develop a series of smartphone applications for WowWee. The partnership started earlier this year when Artificial Life was chosen to develop the first smartphone application for WowWee, and the partnership has recently been extended for developing more applications.

"We are very excited about working with Artificial Life to develop a series of smartphone applications. They have a very talented development team and we are confident the partnership will be a huge success," said Josh Savage, Technical Director of WowWee Group Limited.

"This is the Company's debut to cooperate with a leading toy manufacturer to develop new and innovative smartphone applications. More importantly, we are proud to work with WowWee and are confident that our partnership will be a great success," said Eberhard Schoneburg, CEO of Artificial Life, Inc.