Koch Media/Playlogic deal
Latter's European distribution sorted out.
New York/Amsterdam — Thursday 11th June, 2009 -- Playlogic Entertainment, Inc. (Nasdaq OTC: PLGC.OB), an independent worldwide publisher of entertainment software, is pleased to announce that it has signed a Pan-European Distribution Agreement with Koch Media GmbH.
This Pan-European Distribution Agreement marks a significant step forward in the evolution of Playlogic following the launch of a new North American Publishing Office and the recent iPhone announcement.
As part of the Distribution Agreement, Koch Media GmbH will handle the distribution of Playlogic’s 2009 Line Up including Infernal: Hell’s Vengeance (Xbox 360®), Aliens in the Attic (Wii™, Nintendo DS™, PlayStation®2), Obscure: The Aftermath (PSP) and the hugely anticipated Hack ‘n Slash Platform Adventure, Fairytale Fights (PLAYSTATION®3, Xbox 360® and Games for Windows®).
Koch Media GmbH will distribute Playlogic’s titles in the following territories: UK, Germany, France, Italy, Spain, Austria, Switzerland, Norway, Sweden and Finland.
Rogier Smit, EVP of Playlogic said: “We are very excited about our partnership with Koch Media. Their extensive knowledge of the European market together with their strong distribution network is sure to provide Playlogic with the springboard to penetrate European territories even more aggressively.”
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ABOUT PLAYLOGIC:
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 110 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 12 titles, on several platforms, during 2009.
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.
FOR MORE INFORMATION
Playlogic International
Rick van Beem, PR Manager
T: +31 20 676 03 04
M: +31 6 22 95 67 23
E: rvanbeem@playlogicint.com
For further information about Playlogic, the games it publishes and develops, artwork and press information, please visit our press section on www.playlogicgames.com