G5 has signed distribution agreement with one of the leading US publishers which appoints G5 as a distributor of the trial set of mobile games, including two games based on popular movie brands. The company is leveraging its partner network of content providers and wireless operators to deliver games to Russian users.

Ein Stadalninkas, chairman, visited Vietnam where he held a number of meetings with the representatives of local IT and gaming companies with regard to establishing G5’s development office in Vietnam to further improve company’s profitability. A number of opportunities were identified and a follow-up visit with CEO Vlad Suglobov is scheduled for late March.

Vlad Suglobov, CEO, is going to attend Game Developers Conference 2007 in San Francisco, during the week 5-9 of March, to meet current and prospective customers and discuss development opportunities. The trip is expected to generate more orders for the company during 2007.

G5 announces interim results for Q4 2006. Check investors section for more information.

Recently, G5 signed a contract with one of the Russian “Top 3” wireless operators. According to the deal, G5 will develop certain wireless products for the operators’ usage.

Vlad Suglobov, CEO, comments: “In 2006 we started providing development services to Russian wireless operators – our first customer was CDMA operator Skylink, and this collaboration already generated us around 4% of the annual revenue. The new deal with the large GSM operator starts an important relationship, and we expect more deals to be signed during Q1 2007 with our existing and new customers. Now that mobile penetration rate approaches 100% in Russia, the competition between operators increases and they start looking more closely at additional services they provide to customers. This is where G5 can help them with our outstanding knowledge of the platform and usability”.