Commodore announces strategic collaboration with Aibelive Co., Ltd. at CES 2011

LAS VEGAS, Jan. 7 /CNW/ - Commodore Holdings Corporation, (OTC:QB: ARMC) announced a strategic collaboration with Aibelive Co., Ltd. (www.aibeliveusa.com) a Taiwan based company in their first step towards an exciting new gaming strategy. Aibelive is the creator and developer of interactive games using an unique and advanced movement sensor technology that enables smart phones to be utilized remotely as a joystick or game controller.

Aibelive's interactive technology enables Commodore to refresh and modify their most popular classic Commodore 64 games giving consumers a fresh, new gaming experience. Together, the companies announced a new, downloadable gaming platform that allows the user to access the full range of Commodore games as well as third party publisher games.

"Our collaboration with Commodore allows us to extend our unique gaming technology to the excited community of Commodore users who are playing these classic games daily in countries worldwide," adds Mr. Ray Su, CEO of Aibelive. " The gaming fans are thrilled to know that there will be new titles announced soon as well and experience this unique movement technology using their own smart phone as a controller or simply to play those games on the move as mobile app."

Commodore's plans include the addition of mobile games with titles announced in the first quarter of 2011 with their selected partners. "We are very excited about our new product offering.  The new emulator for those games running on mobile Android OS platforms will already be available for download at the end of this 1st quarter," stated Peter Dai, COO of Commodore North America.

The first release of the new gaming platform will be unveiled at the Consumer Electronics Show 2011 in Las Vegas whereby both Aibelive and Commodore showcase their products. Consumers can experience the new games now using their mobile phones as remote controller by downloading the latest interactive games from the Commodore gaming download platform.

Commodore will begin shipping products through their distribution channels across the USA by March 1, 2011 followed by select European countries. The new download gaming platform for USA will officially be announced on or before March 1, 2011.

Visit Commodore at the Hilton Hotel, suite no. 448 (on invitation) and Aibelive at the Convention Centre, South Hall # 3, (upper level) booth no. 35169

For more information please visit the Commodore Corporate website www.commodorecorp.com or www.commodoreworld.com/gaming.

For Aibelive Co., Ltd. please visit www.aibeliveusa.com or www.aiwi-game.com

Forward Looking Statements:

A number of statements contained in this Report are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Certain written statements in this press release constitute "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Words or phrases such as "should result," "are expected to," "we anticipate," "we estimate," "we project," "we intend," or similar expressions are intended to identify forward-looking statements. Such statements should not be construed as an invitation to participate in an offering of shares in the capital of the Company or a confirmation that an offering will indeed occur. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statements. These risks and uncertainties include demand for our services, product development, our ability to maintain acceptable margins and control costs, the impact of federal, state and local regulatory requirements on our business, the impact of competition and the uncertainty of economic conditions in general, including the timely development and market acceptance of products, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made, and we undertake no obligation to publicly update these statements based on events that may occur after the date of this document.

SOURCE Commodore Holdings Corporation

For further information:

Commodore Holdings Corporation
Email: press@commodorecorp.com
show cell # 626 715 9088

Aibelive Co., Ltd
Email : albertc@aibeliveusa.com
show cell # 626 674 2680

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Commodore Holdings Corporation

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