Artificial Life (PINK:ALIF)

HONG KONG and LOS ANGELES, May 4, 2011 /PRNewswire-Asia/ -- Artificial Life, Inc., (OTC BB: ALIFE), a leading provider of award-winning mobile technology and applications (the "Company"), announced today that on April 29, 2011, a securities class action against the Company was dismissed voluntarily by the plaintiffs and its counsel in its entirety.

Just two weeks ago, this lawsuit was brought on behalf of certain shareholders by the Rosen Law Firm alleging securities fraud.  The Company (ALIFE) at the time announced that the allegations wholly lacked merit, and just two weeks after the lawsuit was filed, the class action was dismissed - at the request of the plaintiff's attorneys.

"As we stated earlier, the Company's stance from the outset was that the allegations contained in the complaint were completely without merit," said Eberhard Schoneburg, the Company's CEO.

"The voluntary dismissal of the lawsuit by plaintiff's counsel on Friday clearly confirms the Company's position. We will fight any irresponsible and frivolous legal threats with all available means and determination to protect our shareholders and the Company. We are now also in the process of evaluating and investigating appropriate actions against the plaintiffs and their attorneys, the latter of which has recently been named by other public companies in connection with, among other things, the filing of frivolous class action lawsuits and the potential manipulation of other company's share prices." said Frank Namyslik, the Company's CFO.