Kay Gruenwoldt Joins Frogster America as General Manager

Berlin and San Francisco, 18/04/2011: The executive board of Berlin based MMO game publisher Frogster Interactive Pictures AG named Kay Gruenwoldt General Manager of Frogster America Inc. Kay Gruenwoldt will lead the US subsidiary based in San Francisco and be responsible for growing the company’s presence in the region together with the CFO.

The boards of Frogster Interactive and Frogster America see Kay Gruenwoldt as a key addition to the management team to facilitate the further growth of North American operations. Frogster America has successfully run the free-to-play fantasy MMO game‘Runes of Magic’ for over two years. The board of Frogster is convinced that with the assistance of Kay Gruenwoldt, the US subsidiary will grow its product portfolio, staff, scope and revenues substantially.

Kay Gruenwoldt is a 15-year veteran of the game and entertainment industries and has held executive level management positions in operations, sales, design, development and marketing with companies including JoWood and Nokia, where he was responsible for all North American marketing. Most recently, Gruenwoldt was the founder and managing director of Walking Squid, a boutique consulting agency in the space of digital and mobile media and games and CEO of the Games Academy in Vancouver. Gruenwoldt advised multiple global entertainment companies in the social games, MMO and mobile spaces and has extensive experience launching and supporting new original IPs as well as platforms. Working for General Electric’s Industrial Systems in Europe and North America, Gruenwoldt gained extensive experience in project management and new product development. Gruenwoldt is a member of IGDA and AIAS, an Advisory Board member for the Dubai World Games and Canadian Videogames Awards, member of the board of Games Academy Vancouver as well as a frequent speaker at industry events around the world.

“Frogster is poised to expand its business in the North American MMO market. I am ready to add my industry experience to contribute to the strong team we already have in place,” said Kay Gruenwoldt, General Manager of Frogster America, Inc.

“Frogster is a leading player in the European MMO market. We are now looking at accelerating Frogster’s growth in North America”, adds Christoph Gerlinger, CEO of Frogster Interactive Pictures AG.

Contact

Frogster Interactive Pictures AG

Axel Schmidt

Director Corporate Communications

Hardenbergstr. 9A· 10623 Berlin· Germany

Tel       +49 (0)30-28 47 01 44

Fax       +49 (0)30-28 47 01 11

Cell       +49 (0)171-34 78 460

Mail      aschmidt@frogster.de

Web     www.frogster.de

Frogster– We take you to a new world!

The Frogster group is a Berlin-based, listed publisher of online games. Frogster focuses on the marketing and operation of virtual worlds, so-called massively multiplayer online games– one of the strongest growing sectors in the entertainment industry. With its top titles‘Runes of Magic’ and‘Bounty Bay Online’ Frogster has already gathered over 5 million registered players worldwide. For a release in 2011 Frogster has announced the two highly ambitious MMO games‘TERA’ and‘Mythos’. Frogster also intends to enter into the rapidly growing market of browser games with‘Bounty Bay Live’ and‘Throne of Fire’ shortly. Currently the Frogster group employs more than 200 staff members in the fields of game development, licensing, IT, web design and web development, product management, marketing, PR, web publishing, community management, support, sales, hosting, billing and finance/administration. Frogster’s subsidiaries Frogster Online Gaming, Frogster America and Frogster Pacific market and operate their games in Europe, America and Oceania respectively. The shares of the Frogster Interactive Pictures AG have been listed in the Entry Standard segment of the Frankfurt stock exchange since February 2006. Internet: www.frogster.de 


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