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JUPITERRESEARCH REPORTS THE ADDRESSABLE AUDIENCE FOR PORTABLE GAMERS WILL GROW FROM 23 MILLION IN 2003 TO 43 MILLION IN 2009(New York, NY - May 11, 2004) -- JupiterResearch, a division of Jupitermedia Corporation (Nasdaq: JUPM), today announced that the audience for portable gamers will grow from 23 million in 2003 to 43 million in 2009, with revenue growing from $1.6 billion in 2003 to $2.7 billion in 2009.Based on a JupiterResearch forecast, the new research report "Portable Games Devices - Forecasting Growth in Anticipation of Intensifying Competition", defines the addressable audience of portable gamers as: users of dedicated game devices such as Nintendo's GameBoy, users of Hybrid game devices such as Nokia's N-Gage or Tapwave's Zodiac, and gamers that play more than five hours per week on their PDAs. In addition, a fourth device class, composed of gamers that play more than five hours per week on their cellular phones is expected to grow at an average annual rate of 16% through 2009, fueled by the proliferation of cellular phones better equipped to support games. The report elaborates on the factors that will determine success in the portable games marketplace. "Competition is the major driver of growth over the next five years. As device manufacturers and content developers cater to broader audiences, we will see some amazing things happen," said Michael Gartenberg, Vice President and Research Director, JupiterResearch. "There's a gap in ownership between console and handheld devices allowing for an untapped market as well as substantial opportunities in age brackets from the upper teens to 34 years of age, both male and female," continued Gartenberg. The complete findings of this report are immediately available to JupiterResearch clients online. For more information on the report or JupiterResearch's PC and Console Games research service, please contact Kieran Kelly, Vice President of Global Sales and Client Service at 1-800-481-1212 or [email protected].
About Jupitermedia Corporation "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release which are not historical facts are "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The potential risks and uncertainties address a variety of subjects including, for example, the competitive environment in which Jupitermedia competes; the unpredictability of Jupitermedia's future revenues, expenses, cash flows and stock price; Jupitermedia's ability to integrate acquired businesses, products and personnel into its existing businesses; Jupitermedia's dependence on a limited number of advertisers; and Jupitermedia's ability to protect its intellectual property. For a more detailed discussion of such risks and uncertainties, refer to Jupitermedia's reports filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934. The forward-looking statements included herein are made as of the date of this press release, and Jupitermedia assumes no obligation to update the forward-looking statements after the date hereof.
Contact: All current Jupiter Research press releases can be found online at www.jupitermedia.com/corporate/press.html. All current Jupitermedia Corporation press releases can be found on the World Wide Web at http://www.jupitermedia.com/corporate/press.html.
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