AUSTIN, TEXAS - (June 1, 2010) -- UTV True Games, an international multi-player online game developer and publisher, and award-winning developer, Petroglyph, today announced that they have reached a mutual agreement to resolve pending litigation issues related to the development of their highly-anticipated game, Mytheon,
( www.Mytheongame.com) which is currently in open beta and will officially launch this summer on Tuesday, July 13th.
As part of the resolution of litigation issues, both companies are fully committed to bringing Mytheon to market as a truly enjoyable and unique gameplay experience.
"We are very pleased to be making this announcement," said Jeff Lujan, Founder and CEO of UTV True Games. "It was important for us to work out these issues and our management teams worked closely together to resolve our differences. Now we can focus 100% on Mytheon and its potential to be one of the best and unique entertainment experiences available online."
Chuck Kroegel, General Manager and CEO of Petroglyph continued, "From the beginning, we have been committed to creating a critically and commercially successful online game that brings something fresh to this space. Despite the fact that neither company acknowledged or admitted any wrongdoing, both companies recognized this mutual agreement as the right step, especially for the players with the official release of Mytheon to the world this summer. We've received a great deal of positive feedback on the game, from both the media and the community, and we encourage online gaming fans to jump into the ongoing open beta test and experience Mytheon's unique gameplay and amazing mythological world."
Mytheon is an online, multiplayer Action/RPG with strategic game play where players experience classic mythology come to life and challenge legendary gods to define their own fate. Players, or "Stonecasters," are powerful humans imbued with the ability to cast spells, summon minions, and erect structures that aid them in battle. An assortment of classes are available that approach combat differently and offer a range of unique, cinematic abilities.
For additional details on Mytheon and to participate in the open beta test visit: http://www.MytheonGame.com .
About UTV True Games
Based in Austin, Texas, UTV True Games is an international multi-player online game developer and publisher. It was founded by a core team of MMO industry veterans with extensive experience in publishing and operating online games. UTV True Games brings new and innovative development ideas online, delivers them with a state-of-the-art game platform, and leverages micro-transaction revenue models. UTV True Games released its first game, Warrior Epic, ( www.warriorepic.com) in
2009 and this summer will launch Mytheon, its premier online, multiplayer Action RPG with strategic game play elements set in an online mythology-based universe.
They are working with world-class publishers to license existing online titles and world-class developers, including Petroglyph ( www.MytheonGame.com), to create games exclusively for online play.
The company has multiple titles in development at its wholly-owned development studios based in Austin, Texas and Beijing, China.
UTV Software Communications Ltd (UTV), India's first integrated global media and entertainment company, holds a strategic stake in UTV True Games.
Founded in 2003, Petroglyph is an award-winning, independent game development studio located in Las Vegas, Nevada. The company is comprised of industry veterans with a studio-wide average of over ten years in game development. The Petroglyph team specializes in the Action RPG and Real-Time Strategy (RTS) genres, leveraging the experience gained from developing original hit franchises for PC and consoles. Petroglyph uses their proprietary GLYPHX Online game engine, tools and technology to power their next-generation titles. For more information about Petroglyph, please visit www.petroglyphgames.com.
About UTV Software Communications
UTV Software Communications Limited is India's leading global integrated media house with business interests in Television, Movies, Broadcasting, Games Content and New Media. UTV India&its subsidiaries (UTV) create, aggregate and disseminate content of various genres across varied distribution platforms. Listed on India's premier stock exchange, The Bombay Stock Exchange (BSE), Mumbai UTV is India's only diversified media and Entertainment Company with content creation abilities across platforms and genres. It has subsidiaries with offices across India, UK, USA and Japan. The Walt Disney Company holds a strategic stake in UTV.