Quantcast

Interplay and Masthead Studios to Jointly Develop Massively Multiplayer Online Game

April 2, 2009

BEVERLY HILLS, Calif., April 2 /PRNewswire-FirstCall/ — Interplay Entertainment Corp. (OTC Bulletin Board: IPLY) announced today that the company has signed a binding letter of intent with Masthead Studios to fund the development of a Massively Multiplayer Online Game (MMOG), code named “Project: V13.”

The game has been in design and development at Interplay since November 2007. Masthead and Interplay teams will work together under the direction and control of Interplay to complete development of the project.

As a part of the agreement, the game will utilize Masthead’s proprietary tools and MMOG technology developed for Masthead’s “Earthrise” project.

Commenting on the announcement, Interplay Chairman and Chief Executive Officer Herve Caen said, “We are looking forward to turning the vision of our game designers into a compelling online gaming experience. The planning and design completed for Project: V13 thus far, combined with Masthead’s resources, tools, and growing team of dedicated MMOG developers, will bring this unique game to reality.”

Masthead Studios President Atanas Atanasov said, “This arrangement is ideal because it leverages the technology our professionals have specifically built for advanced Massively Multiplayer Online Games into what we expect will be a groundbreaking Interplay gaming title.”

Terms of the deal were not disclosed.

About Interplay Entertainment

Founded in 1983, Interplay Entertainment is a developer, publisher and licensor of video game software headquartered in Southern California. The company has produced and licensed titles for many of the most popular interactive entertainment software platforms in the action/arcade, adventure/RPG and strategy/puzzle categories. Its portfolio of well-recognized Intellectual Properties includes Battlechess, Clayfighter, Dark Alliance, Descent, Earthworm Jim, Freespace, Giants, Messiah, MDK, Run Like Hell, Sacrifice. Interplay also holds exclusive distribution rights to certain existing Fallout and Redneck titles.

About Masthead Studios

Masthead Studios is a growing game development company focused on MMORPG games, founded in 2005 in Bulgaria. Masthead has access to abundant local and international talent, and is employing some of the best programmers and graphic artists in Europe. The company is currently developing Earthrise, a next-generation post-apocalyptic MMORPG, using its proprietary game engine and platform.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:

Statements contained in this release except for historical information are forward-looking statements that are based on current expectations and involve risks and uncertainties. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate,” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. The risks and uncertainties inherent in such statements may cause actual future events or results to differ materially and adversely from those described in the forward-looking statements. Specifically, there can be no assurance that the Company will complete a financing transaction, or any other strategic transaction on favorable terms or at all. Additional important factors that may cause a difference between projected and actual results for the Company are discussed in the Company’s filings from time to time with the U.S. Securities and Exchange Commission, including but not limited to the Company’s annual reports on Form 10-K, subsequent quarterly filings on Form 10-Q and current reports on Form 8-K.

The Company disclaims any obligation to revise or update any forward-looking statements that may be made from time to time by it or on its behalf.

SOURCE Interplay Entertainment


Source: newswire



comments powered by Disqus