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August 27, 2012

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Big Payday for Bill Karamouzis - Former DN Journal Cover Boy Sells His Online Game Company - Hallpass Media - to MindJolt

Major congratulations go out today to Bill Karamouzis (who was featured in our March 2010 Cover Story). Bill has just sold his thriving online game company - Hallpass Media - to MindJolt, one of the largest cross-platform game developers and publishers in the world with over 30 million mobile downloads and a reach of over 25 million users across the web. The sales price was not disclosed.

Bill, who raised eyebrows with his $350,000 purchase of the domain name CookingGames.com in December 2009, told me he will join MindJolt as a Senior Vice President and that the new position will have him moving from his home in Canada to MindJolt headquarters in Los Angeles within the next six months. 

In the official statement announcing the acquisition, Karamouzis said, "Hallpass sites have had tremendous success in reaching targeted audiences looking to play web-based games. Taking Hallpass to the next level by bringing our content to mobile and social environments is very exciting for us. 

By purchasing Hallpass Media, MindJolt adds nearly 1,500 new games and over 4 million gamers to their platform, while also expanding MindJolt's distribution through Hallpass's popular game destinations. 

Bill Karamouzis
Founder, Hallpass Media 

MindJolt CEO Chris DeWolfe said that by acquiring Hallpass and a second company (SGN, a leading developer and publisher ofsocial mobile games) this week the company becomes a cross-platform triple threat with great games across mobile, social, and web platforms. DeWolfe added, "This three-pillar approach enables MindJolt to deliver our games wherever people choose to play, and differentiates our service from others in this space."

SGN (Social Gaming Network), With over 30-million downloads, including two iPhone Appstore #1 hits and several top 10 hits, pioneered development of advanced mobile games offering console quality graphics and live multiplayer features on both iOS and Android platforms. With 

the strategic acquisition of SGN, MindJolt gains a roster of popular mobile games, including Mini Tycoon Casino, F.A.S.T., and Skies of Glory.  SGN also adds social mobile development capacity and plans to release a host of new games this year.  

Shervin Pishevar, the founder and executive chairman of SGN, said, "The team at MindJolt has an incredible track record of building

visionary companies. The gaming space is evolving quicker than ever and the lines between the web and mobile continue to blur.  Game services that transcend platforms and reach consumers wherever they play will be the ultimate winners; MindJolt is doing just that. 

(Posted Feb. 19, 2011)  

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