Industry Veterans Launch New Game Development Company: Beanbag Studios

Plano, Texas, November 6, 2007 -- Two game development veterans today announced the formation of privately-owned Beanbag Studios, Inc., a new company poised to raise the bar for the design and production of high quality casual games.

The founders at Beanbag Studios include longtime videogame industry veterans Steve Bergenholtz and Gary Corriveau, two individuals with a combined 30 years of development experience. In 1998, Bergenholtz founded Sandbox Studios, where a team of close to 70 talented staff members developed numerous hit games for consoles and handheld devices, including the hit Xbox launch title, Shrek, The Emperor's New Groove, Disney's Dinosaur, ESPN NHL Hockey, Matchbox Emergency Patrol and many other titles based on well-known properties from Disney, DreamWorks, Mattel and others. In 2001, Bergenholtz sold Sandbox Studios, which is now a part of Electronic Arts.

Based in Plano, Texas and London, Ontario, Canada, Beanbag has acquired a number of global videogame licenses and has four casual games in production for release this year.

"Our developers are working with several high profile properties, which will allow us to hit the ground running with a series of impressive launch games," Bergenholtz said. "We're looking forward to releasing a range of first-rate titles for the growing number of casual game fans around the world."

Beanbag anticipates completing over 20 original and licensed titles at its internal studio through 2008 while continuing to grow its development capacity to include cell phone and console titles. In addition, the company is seeking a partnership deal to assist with the distribution of its games and is open to investment opportunities. Information on Beanbag's first titles will be announced shortly.

About Beanbag Studios

Founded in 2006, the goal of Beanbag Studios can be summed up in a single declaration: "We Make Fun!" The company takes pride in having staff members who are highly skilled in all of the services required to create its games under one roof, including original game designs, unique stories and quality engineering, programming, art, animation, music and sound effects. Beanbag develops all of its titles at its London, Ontario, Canada studio. The company is currently focusing on game development for the PC, Mac, cell phones and other handheld devices and technologies. Plans for 2008 include launching console games. Learn more at www.beanbagstudios.com.

Contact:

Steve Bergenholtz

President

Beanbag Studios, Inc.

972-517-2666

media1@beanbagstudios.com


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