REALTIME WORLDS ATTRACTS INTEREST FROM POTENTIAL BUYERS

POTENTIAL buyers from both sides of the Atlantic have expressed interest in Realtime Worlds which went into administration on Tuesday.

This was confirmed today by joint administrator Paul Dounis, of business rescue and restructuring specialist Begbies Traynor.

“We are actively pursuing all these expressions of interest which have come from both the UK and US,” said Mr Dounis who confirmed that from the 210 workforce at the company’s Dundee-based development operations facility 53 jobs have been retained.

“We very much regret the redundancies that we have had to make,” he added.

The parent company head office and online operations are in the United States where 14 jobs have been retained out of a total of 42 at the Colorado-based offices.

Mr Dounis said the company was continuing to trade and the APB: All Points Bulletin online action game can still be played as the servers were still running.

“The game will continue and that is something we want all customers to be aware of,” he emphasised.

Mr Dounis said trade creditors in the UK were owed in the region of£3 million.


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