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Here's the The Lowdown
from DN Journal,
updated daily
to
fill you in on the latest buzz going around the domain name industry.
The Lowdown is
compiled by DN Journal Editor & Publisher Ron
Jackson. |
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Big
Payday for Bill Karamouzis - Former DN Journal Cover Boy
Sells His Online Game Company - Hallpass Media - to
MindJolt
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Major
congratulations
go
out today to Bill Karamouzis (who was
featured in our March 2010 Cover
Story). Bill has just sold his
thriving online game company - Hallpass
Media - to MindJolt,
one of the largest cross-platform game
developers and publishers in the world with over
30 million mobile downloads and a reach
of over 25 million users across the web. The
sales price was not disclosed.
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Bill,
who raised eyebrows with his $350,000 purchase
of the domain name CookingGames.com in
December 2009, told me he will join MindJolt as
a Senior Vice President and that the new
position will have him moving from his home in Canada
to MindJolt headquarters in Los Angeles
within the next six months.
In the
official statement announcing the acquisition,
Karamouzis said, "Hallpass sites have had
tremendous success in reaching targeted
audiences looking to play web-based games.
Taking Hallpass to the next level by bringing
our content to mobile and social environments is
very exciting for us.”
By purchasing
Hallpass Media, MindJolt adds nearly 1,500
new games and over 4 million gamers to
their platform, while also expanding MindJolt's
distribution through Hallpass's popular game
destinations.
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Bill
Karamouzis
Founder, Hallpass Media |
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MindJolt
CEO Chris DeWolfe said that by acquiring
Hallpass and a second company (SGN,
a leading developer and publisher ofsocial
mobile games) this week the company
becomes a cross-platform ‘triple threat’
with great games across mobile, social, and web
platforms. DeWolfe added, "This
three-pillar approach enables MindJolt to
deliver our games wherever people choose to
play, and differentiates our service from others
in this space."
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SGN
(Social Gaming Network), With over 30-million
downloads, including two iPhone Appstore
#1 hits and several top 10 hits,
pioneered development of advanced mobile
games offering console quality graphics
and live multiplayer features on both
iOS and Android platforms. With |
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the
strategic acquisition of SGN, MindJolt
gains a roster of popular mobile games,
including Mini Tycoon Casino, F.A.S.T.,
and Skies of Glory. SGN
also adds social mobile development
capacity and plans to release a host of
new games this year.
Shervin
Pishevar, the founder and executive
chairman of SGN, said, "The team at
MindJolt has an incredible track record
of building
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visionary
companies. The gaming space is evolving
quicker than ever and the lines between
the web and mobile continue to blur.
Game services that transcend platforms
and reach consumers wherever they play
will be the ultimate winners; MindJolt
is doing just that.” |
(Posted Feb.
19, 2011)
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For
all current Lowdown posts - Go
Here
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domainers The
Lowdown, so please email [email protected]
with any interesting information you might have. If possible,
include the source of your information so we can check it out (for
example a URL if you read it in a forum or on a site
elsewhere).
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