flaregames and keen games start Joint Venture

KARLSRUHE and FRANKFURT - April 18th, 2012 - Mobile Games Publisher flaregames  (Karlsruhe) and development studio keen games (Frankfurt am

Main) today announced the launch of a joint subsidiary: The new Keen Flare GmbH will develop high-quality games for all major mobile platforms. The new company is based in Frankfurt; managing directors are Klaas Kersting

(flaregames) and Pete Walentin (keen games). Flaregames holds 51 percent of the shares in the joint venture and keen games holds the remaining shares.

keen has deployed a team of ten developers to start in the new company and is providing a substantial knowledge transfer in technology and game design to the entity. flaregames is bringing its deep knowledge in the fields of analytics and monetization for free-to-play games. The Karlsruhe-based mobile games company will also be responsible for the publishing of the new games, i.e. marketing, distribution, PR and promotion.

Games will be based on the proven "free-to-play" business model where games are free, but offer players the option to purchase services and items within the game to enhance the game experience or accelerate gameplay.

"With this new company, we are significantly expanding our development capacity for AAA Mobile Games. Our esteemed colleagues from keen are an ideal partner, considering their enormous track record, their quality technology and decades of experience," says Klaas Kersting, founder and CEO flaregames.

Pete Walentin, COO of keen games, added, "The partnership with flaregames, given their profound knowledge in the field of Free2Play and a very good position as developers, will help us to establish ourselves in this emerging

market: After Console, PC, and browser games. Soon mobile games will be part of our portfolio, of course keeping with our track record of 'keen-quality'

that players have come to expect and appreciate."

Keen Flare is already working on its first game, a high-quality 3D title that illustrates the strengths of the joint venture: The game is developed using the mobile games expertise of flaregames and keen games' proprietary technology. The estimated release date is summer 2012.

About flaregames

Based in Karlsruhe, Germany, flaregames is a highly motivated team of industry veterans closely collaborating on a new generation of mobile games.

The company was founded in 2011, to focus on the development and operation of free-to-play games for smartphones, and tablets. flaregames' pipeline currently consists of a portfolio of titles for mainstream and Mid-Core gamers. All of the games are being developed with the goal of offering fun, deep and long-lasting, gameplay experiences that engage players.

The founder of the company is Klaas Kersting, co-founder and former CEO of GAMEFORGE AG, who grew his previous company from a start-up to a global player with 500 employees and over 100 million Euros in annual revenue.

www.flaregames.com

About keen games

keen games is one of the leading independent video game developers in Germany. The Frankfurt based company is run by veterans of game development having successfully developed games for over 17 years. With keen games proprietary Multi-Platform Engine & Tools the company has developed games for nearly all past and all current generation consoles and platforms. The award winning games created by keen games stand out for their high accessibility and their deep gameplay.

www.keengames.com

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Press contacts:

(Europe)

flaregames GmbH

Gunnar Lott

gunnar@flaregames.com

+49-721-57044-888

(North America)

International Digital Entertainment Agency Sean Kauppinen sean@ide-agency.com

+1-415-299-2156  


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