KANSAS CITY, Mo. & LONDON--(BUSINESS WIRE)-- Samsung Electronics, a leader in consumer electronics and information technology, and Handmark(R), a world-leading creator and distributor of mobile applications and services, today announced the launch of a new Global Venture Fund to invest in companies and/or individuals with innovative, market-changing game ideas for next generation Samsung mobile phones. Companies and/or individuals selected will receive up to $250,000 each to fund the development of winning ideas.

The fund will be managed by Handmark out of its Kansas City and London offices in partnership with Samsung Electronics. The companies are searching for games that best showcase Samsung mobile phones and the advanced features they offer. Both current and new content ideas are encouraged, taking timing and cost into consideration.

"We know there's a wealth of great ideas out there waiting to be discovered," said Chris Barnett, senior vice president of Global Sales and Strategic Partnerships for Handmark. "This is a fantastic opportunity for anyone, including big brands, mobile developers or any individual with a unique, creative idea to make it a reality."

"Samsung recognizes the importance of content and applications for today's mobile phone users," said Ho Soo Lee, executive vice president for Samsung Electronics' Media Solution Center. "We are pleased to broaden our partnership with Handmark to help lead the Global Venture Fund, using their expertise to support us capturing great ideas and raise the standard of mobile innovation."

In addition to funding those selected, Handmark will also provide assistance with development, testing and certification, as well as distribution of the application through the Samsung Application Store.

To submit a proposal or for more information, visit www.handmark.com/company/samsungfund. The deadline for entries is November 20, 2009 at 5 PM CT.

About Handmark

Handmark is a world-leading creator and distributor of mobile applications and services. The company delivers an engaging, customized experience for your mobile phone with the industry's best applications covering news and information, games, lifestyle and travel, reference and productivity, personalization and more. As one of the leading distributors of mobile content and storefronts for 10 years, Handmark has established itself as the premier mobile content partner. For more information, visit www.handmark.com.

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2008 consolidated sales of US$96 billion. Employing approximately 164,600 people in 179 offices across 61 countries, the company consists of two business units: Digital Media & Communications and Device Solutions. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com

(C) 2009 Handmark, Inc.; Handmark(R) and the distinctive hand design are registered trademarks of Handmark, Inc. in the U.S. and other territories. All other trademarks belong to their respective owners. All rights reserved.

Handmark

Erica Cohen, 1-816-268-2956

ecohen@handmark.com

or

Samsung Electronics

Yeonhee Park, +82 31 301 1099

Yeony.park@samsung.com

Source: Handmark

<<Business Wire -- 10/27/2009>>