Amsterdam / New York, July 11th 2008 - Playlogic Entertainment, Inc. (Nasdaq OTC: PLGC.OB) announced today that it has commissioned Sparx Animation Studios in Paris, France and Ho Chi Min City, Vietnam, to work on an undisclosed games project set for release in 2009. The game is being developed for PLAYSTATION®3, Xbox 360® and PC.
“We are delighted to be working with Sparx Animation Studios on this project”, said EVP of Playlogic, Rogier Smit.“They are a highly skilled and talented group that will bring their feature animation expertise to the new IP we are developing at our in-house studio.”
“We are thrilled to collaborate with Playlogic on their new franchise and to enter the game art and animation market with such a great publisher”, said Sparx Animation Studios’ General Manager Jean-Philippe Agati.
Sparx Animation Studios is currently completing work on their first feature film,“Igor,” which is produced by Exodus Production and will be distributed by MGM for theatrical release in September 2008.“Igor” is a playfully irreverent comedy that brings a new twist to the classic monster genre.
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 80 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.
ABOUT SPARX ANIMATION:
Founded in 1995, Sparx Animation Studios specializes in 3D frame animation. Headquartered in Paris and with an office in Los Angeles, California and an animation studio in Vietnam, Sparx has worked with leading entertainment and technology companies including Disney, Dentsu Tec, Exodus Film Group and Nelvana. Sparx has delivered more than 100 hours of state of the art animation for TV series, direct to video releases and movie shorts feature films.
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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 productdevelopment 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.
FOR MORE INFORMATION
Rick van Beem, PR Manager
T: +31 20 676 03 04
M: +31 6 22 95 67 23
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