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Artificial Life, Inc. Mandates Close Brothers Seydler Bank AG as Its Designated Sponsor in Germany
GlobeNewswire
2010-02-16


FRANKFURT, Germany, HONG KONG and LOS ANGELES, Feb. 16, 2010 (GLOBE
NEWSWIRE) -- Artificial Life, Inc. (OTCBB:ALIF), a leading provider of
award-winning mobile 3G technology and applications, today announced
that it has mandated Close Brothers Seydler Bank AG, the German Small
and Mid-Caps specialist bank, as its Designated Sponsor (market maker)
for its planned upgraded listing in the Entry Standard market segment
in Germany later this year. Artificial Life, Inc. shares have been
traded for several years in the over-the-counter market in Germany, and
the Company intends to upgrade its German trading activities to the
Entry Standard segment of the Frankfurt Stock Exchange.

The Company's current United States over the counter listing and
trading of Artificial Life's shares in the United States will not be
affected by this anticipated change.

Close Brothers Seydler Bank AG is the market leading Designated Sponsor
in Germany as per number of mandates and has been consistently assigned
with an 'AA' Rating by the German Stock Exchange (Source: 4Q2009 Rating
Deutsche Börse). Mandating a Designated Sponsor is a pre-requisite
for continuous trading of the Company's shares on Xetra(R), the German
Stock Exchange's fully electronic trading platform. Xetra(R) is the one
of the world's most powerful integrated trading systems for securities.
Designated Sponsors provide additional liquidity and support trading on
Xetra(R) by offering binding prices for the bid- and ask-side and are
responsible for alleviating any imbalances between supply and demand in
shares trading.

Silke Schlünsen, Head of Designated Sponsoring at Close Brothers
Seydler Bank AG commented: "We are excited to join up with Artificial
Life, one of world's fastest growing companies in the broadband mobile
technology space. As one of the leading global providers of broadband
3G content and cutting-edge technology, we look forward to seeing how
the Company continues to develop and roll out additional leading edge
applications and its new m-commerce platform OPUS-M."

Eberhard Schöneburg, Chief Executive Officer of Artificial Life,
Inc., added: "By making Close Brothers Seydler Bank AG the renowned
German small-cap specialist and market leading Designated Sponsor,
Artificial Life's Designated Sponsor, we will be providing for further
support in efficiency in trading and in the liquidity of our shares on
Xetra(R)."

About Close Brothers Seydler Bank AG

Close Brothers Seydler Bank AG is focused on mid-sized companies and
has been part of the London Exchange listed Close Brothers Group plc
since 2005. Among its core business areas are Designated Sponsoring,
Corporate Finance, Equity Sales and Research, Fixed Income Sales,
Equity trading, Fixed Income trading and Floor Specialist Trading on
the Frankfurt Stock Exchange in over 2,100 domestic and international
equity and fixed income securities. The Bank is currently market leader
in Designated Sponsoring with 170 mandates at last count and in this
capacity, is responsible for active trading and improved liquidity in
the shares of its mandates. The Capital Markets team at Close Brothers
Seydler Bank AG assists company management with the planning,
structuring and placement of capital market transactions. This includes
the structuring and execution of initial public offerings (IPOs),
capital increases and placement of equity block trades. In the fixed
income area, the team provides expert services in the structuring and
placement of convertibles and corporate bonds. Close Brothers Seydler
Research AG, a subsidiary of the Bank, has a reputation for being one
of the most prominent analyst houses covering mid-sized German
companies.

About Artificial Life, Inc.

Artificial Life, Inc. (OTCBB:ALIF) is a public U.S. corporation
headquartered in Los Angeles, with its production center in Hong Kong
and additional offices in Berlin (EMEA headquarter) and Tokyo. As a
leading, full-service provider of mobile broadband 3G technology,
mobile participation TV, mobile gaming, content and business
applications, Artificial Life provides 2D and 3D multi- and single-
player rich-media applications for 3G, 3.5G and 4G network-enabled
mobile phones. Recognized internationally for outstanding content
quality and technology, Artificial Life transcends traditional modes of
mobile communications and interactive gaming. For more information,
please visit www.artificial-life.com or the company's m-commerce portal
at www.botme.com.

The Artificial Life logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1669

Forward-Looking Statements:

This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, without limitation, statements
regarding our future results of operations, financial condition and
business prospects. In some cases, you can identify forward-looking
statements by terminology such as "may", "will", "should", "expect",
"intend", "plan", "anticipate", "believe", "estimate", "predict",
"potential", "continue" or the negative of these terms or other
comparable terminology. Although such statements are based on our own
information and information from other sources we believe to be
reliable, you should not place undue reliance on them. These statements
involve risks and uncertainties, and actual market trends or our actual
results of operations, financial condition or business prospects may
differ materially from those expressed or implied in these forward
looking statements for a variety of reasons. Potential risks and
uncertainties include, but are not limited to, our ability to obtain
additional funding to operate and grow our business; the unproven
potential of our mobile gaming business model; changing consumer
preferences and uncertainty of market acceptance of our products;
timely adoption and availability of 3G mobile technology; market
acceptance for use of mobile handheld devices to play the interactive
games; unpredictable mobile game development schedules; our reliance on
a relatively small number of brands; our ability to license brands from
others; our dependence upon resellers and telecommunication carriers
and operators to distribute our products; our ability to successfully
develop, introduce, and sell new or enhanced products in a timely
manner; and the timing of new product announcements or introductions by
us or by our competitors. For additional discussion of these risks and
uncertainties and other factors, please see the documents we file from
time to time with the Securities and Exchange Commission, including our
Annual Report on Form 10-KSB filed on February 9, 2009. We assume no
obligation to update any forward-looking statements, which apply only
as of the date of this press release.


CONTACT:  Artificial Life, Inc.
          PR Contact:
          Annie Lau
            (+852) 3102 2800
          IR Contact:
          Celine Hadaya
            (+852) 3102 2800
            ir@artificial-life.com

          Close Brothers Seydler Bank AG
          PR Contact:
          Jennifer C. Hoffmann, Head of Public Relations
          +49 (0) 69 920 54 128
          publicrelations@cbseydler.com