Amsterdam / New York, October 22nd, 2008 - Playlogic Entertainment, Inc. (Nasdaq OTC: PLGC.OB) announced today that Olivier Lhermite joins Playlogic as Managing Director of its in-house development studio; the Playlogic Game Factory. Lhermite is an industry veteran and previously worked as Group Technical Director at Electronic Arts on popular franchises like the FIFA, NBA and NHL series.
In his position, Lhermite will head up the development team in Breda and will report directly to Chief Technical Officer Dominique Morel.
Dominique Morel, Chief Technical Officer at Playlogic, said:“Olivier’s strong managerial background and vast industry experience will help us to embark on new exciting IPs and technological excellence.”
Olivier Lhermite, Managing Director of the Playlogic Game Factory, added:“I am delighted to join the Playlogic Game Factory, which houses so many talented people. I especially look forward to working on the highly anticipated Fairytale Fights as well as the First Party projects we are developing for Sony Computer Entertainment Europe.”
Playlogic Entertainment, Inc. is an independent worldwide publisher of entertainment software for consoles, PCs, handhelds, mobile devices, and other digital media. Playlogic distributes its products through all available channels, online and offline. Playlogic, who currently has approximately 95 employees, is listed on Nasdaq OTC under the symbol "PLGC.OB" and is headquartered in New York, USA and Amsterdam, the Netherlands. Its in-house game development studio“Playlogic Game Factory” is based in Breda (the Netherlands).
Playlogic's portfolio includes games that are being developed by several teams at the Playlogic Game Factory, as well as games developed by a number of studios throughout the world with approximately 400 people of external development staff. The Playlogic Game Factory also develops first party titles for Sony Computer Entertainment Europe (SCEE).
Playlogic publishes quality games, working with leading technology to produce digital entertainment from concept to finished product. Playlogic plans to publish 20 titles, on several platforms, during 2008.
FORWARD LOOKING STATEMENTS:
This release contains statements about PLAYLOGIC's future expectations, performance, plans, and prospects, as well as assumptions about future events. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions and trends; fluctuations in operating results; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's SEC reports. Actual results may differ materially from our expectations as the result of these and other important factors relating to PLAYLOGIC'S business and product development efforts, which are further described in filings with the Securities and Exchange Commission. These filings can be obtained from the SEC's website located at www.sec.gov. Any forward-looking statements are based on information available to PLAYLOGIC on the date of this release, and PLAYLOGIC assumes no obligation to update such statements.
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