MusiGames Announces Funding Round and Shows Its New iPhone Titles at Macworld Expo

RECIFE, Brazil - February 9, 2010 - MusiGames, a developer of games and edutainment software, today announced that the company will be at Macworld 2010, which runs from today until February 13th in San Francisco. The company just raised its first investment round with Criatec Fund, the largest Brazilian seed capital group, and will show its latest games at Macworld.

With the Criatec funding, MusiGames finished raising capital for its current investment plan, with a total value in excess of $1.5 million, including R&D grants from the Brazilian innovation agencies FINEP / Facepe and CNPq. The investment will be used to expand MusiGames’ line of music titles. Eight high quality games will be launched in 2010 and some of them can be seen at Macworld 2010.

In relation to partnerships, Américo Amorim, CEO of MusiGames Studio, explained that they will continue working with leading publishers to ensure that their games have the best promotion in the AppStore.

MusiGames also intends to expand partnerships with leading music labels, such the one that exists with Black Hole Records which made the release of DJ Nights with songs from artists like Tiësto possible.

"The games we're working on right now will feature the best pop, rock and dance artists," said Americo Amorim, CEO of MusiGames.

About Criatec

Criatec is the largest seed capital fund of Brazil. Managed by Antera Asset Management, in partnership with the Innovation Institute, the Criatec will invest $50 million in 50 innovative projects that have high growth potential. The Fund has units in São Paulo, Rio de Janeiro, Recife, Fortaleza, Belem, Belo Horizonte and Florianopolis. There are now 18 companies that are part of the Criatec portfolio. Entrepreneurs interested in receiving investment must submit proposals for the site: www.fundocriatec.com.br

About MusiGames

MusiGames is a business unit of D'Accord Music Software, a leading developer of games and edutainment software. Its first game, Drums Challenge, was released in June 2009 and became the fifth best-selling music game in the U.S. AppStore in July. The company works with leading publishers such as Chillingo to bring the best music games to the AppStore. For more information, please visit: www.musigames.com

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CONTACT

Americo Amorin

americo@musigames.com


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