Left Behind Games, Inc. d/b/a Inspired Media announces forward stock split
MURRIETA, CA, Sept 18, 2009 /PRNewswire-FirstCall via COMTEX/ -- Left Behind Games Inc. (OTC: LFBG), d/b/a Inspired Media, announced today that the Company has approved a 3-for-2 forward split of stock issued and outstanding as of Friday, October 2, 2009. For example, a shareholder who owns 200,000 shares as of the date of the forward split will have their shares increase to 300,000 at that time, thus rewarding them with a 50% increase in the number of shares owned. Fractional shares will not be issued but rather, will be rounded up to the nearest whole number.
The stock split will entail one share of the Company's common stock being automatically distributed for every two shares of common stock issued and outstanding (or held in treasury) at the close of business on October 2, 2009. Shareholders are not required to take any action on their part to receive the new shares.
CEO, Troy Lyndon, commented, "The purpose of this forward split is to give shareholders increased leverage and liquidity. We want to reward those who have been with the Company with an increase in the number of shares they own. We also want to encourage new investors to join us as we are the only public company that offers clean, wholesome, Christian video games for our youth and adults alike."
Beginning October 12, 2009, the Company's products will be part of a Christian games test conducted by Walmart in the Dallas/Houston, Texas markets. The Company believes Christian games will continue to rise in popularity, similarly to Christian music in the 1990s.
The Company currently publishes 6 games including Charlie Church Mouse, Keys of the Kingdom, and Tribulation Forces, the sequel to the original game "LEFT BEHIND: Eternal Forces," known as the most widely distributed Christian PC game in history. The Company's LEFT BEHIND branded games are based upon the popular novel series by Tim LaHaye and Jerry Jenkins which have sold more than 65 million books in 30 languages worldwide.
In contrast to many other PC games, the Company's games encourage positive decisions and actions. Rather than the usual "winning" by using weapons and killing the enemy, players are rewarded when their characters use the power of influence to bring about good rather than destruction.
About Left Behind Games Inc.
Left Behind Games Inc., also known as Inspired Media Entertainment (www.inspiredmedia.com) is a publisher of quality interactive entertainment products that perpetuate positive values and appeal to mainstream and faith-based audiences. For samples for your church or school, you can go to http://www.supportgoodgames.com and http://www.inspiredmedia.com.
Cautionary Note Regarding Forward-Looking Statements
The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for the Company's future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including: our dependence on key management and product development personnel, and our ability to develop other profitable titles for current generation platforms, the timely release and significant market acceptance of our games, the ability to maintain acceptable pricing levels on our games, our reliance on a primary distribution service provider for a significant portion of our products, and our ability to raise capital if needed. Other important factors and information are contained in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2009, in the section entitled "Risk Factors," and the Company's other periodic filings with the SEC, which can be accessed via a link from www.inspiredmedia.com on our Investor Relations page. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE Left Behind Games Inc.
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Copyright (C) 2009 PR Newswire. All rights reserved
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KEYWORD: California
INDUSTRY KEYWORD: ENT
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