Stream Theory Joins Forces With Team6 Game Studios To Enhance Digital Distribution Network
Leading Publisher Licenses PC Games to Stream Theory for Worldwide Games on Demand Sites
IRVINE, CA - September 29, 2005: Stream Theory, Inc., a division of Tadpole Technology plc (LSE: TAD), today announced that it has signed a worldwide content provider agreement with Dutch developer Team6 Game Studios. Team6 has created such widely played games as "Scooter War3z" and "PizzaDude." Stream Theory's patented StreamFlowTM Games on Demand platform enables retailers, portals, game publishers, and ISPs to securely distribute PC games to broadband consumers under a variety of payment models.
"Maximizing worldwide distribution of our games is an important goal for us," remarked Ronnie Nelis, CEO of Team6 Game Studios. "Stream Theory's growing international network of licensed distributors and consumer web sites provides a timesaving process and economical channel for us to present our games to the public."
"Team6 games are so entertaining that broadband consumers across the planet will spend countless hours playing them, much to the delight of the publisher and our distribution partners," said Steig Westerberg, CEO of Stream Theory. "Our close relationship with Team6 Game Studios further enhances our game content portfolio, adding even more revenue generating opportunities for our worldwide digital distribution partners," Westerberg continued.
Games on Demand (GoD) is a broadband-only service where games application data is streamed to a user's PC. Unlike one-time purchases at retail or through installed downloads, GoD subscriptions provide recurring revenue streams for game publishers and distribution partners. GoD is emerging as a new revenue-generating window of opportunity for a PC game after its brief sell-through period passes. 2004 ended with 118 million worldwide broadband subscribers according to the Organisation for Economic Co-operation and Development. With Nielsen//NetRatings reporting current U.S. penetration at 60% the desire for new online services from broadband users is accelerating adoption of new technologies and business models. According to Parks Associates the number of households subscribing to GoD services will climb to more than 2 million by 2007.
About Team6 Game Studios
Founded in 2003, Netherlands-based Team6 Game Studios has become one of the largest Dutch game development companies. Our strategy is to create the best games in the most efficient, timesaving way possible. With this strategy, Team6 is able to offer a wide range of high quality games at affordable prices. For more information, visit www.team6-games.com.
About Stream Theory
Founded in 1996, Stream Theory, Inc. is a wholly owned subsidiary of Tadpole Technology plc (LSE: TAD). Stream Theory is revolutionizing the manner in which software is purchased, delivered and accessed by enabling true software-on-demand and virtualization models. Stream Theory has developed a patented framework that is a piracy deterrent for software publishers. The Company is a leading supplier of software streaming technology for delivering and managing software applications worldwide over IP and digital media. Leading software publishers, developers, portals, ASPs, and broadband ISPs have deployed the company's patented technology. Stream Theory is a Microsoft Gold Certified Partner and an IBM Partnerworld member. For more information, visit www.streamtheory.com.
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Media Relations Contact:
Ron C. Koren
Stream Theory, Inc.
T| +1 949 833 2800
Investor Relations Contact:
Steig Westerberg
Stream Theory, Inc.
T| +1 949 833 2800