Interplay Releases 2007 Earnings; New Web Site Launch Imminent
April 08 2008 - 3:03PM
PR Newswire (US)
Massively Multiplayer Online Game, Sequels Seen as Key to
Resurgence BEVERLY HILLS, Calif., April 8, 2008
/PRNewswire-FirstCall/ -- Interplay Entertainment Corp. (OTC:IPLY)
(BULLETIN BOARD: IPLY) recently announced its earnings for the
fiscal year ended December 31, 2007, and its plan for the company
going forward. Net revenues for the year ended December 31, 2007
were $6,001,000, an increase of 520 percent compared to the same
period in 2006. The Company reported net income of $5.86 million,
or $.059 per basic share and $.057 per diluted share, compared to
net income of $3.08 million, or $.032 per basic and diluted share,
in the same period last year. The net income reported in the
twelve-month period of this year was primarily the result of the
recording of $5,750,000 in income from recognition of the sale of
the "Fallout" intellectual property. In addition to reporting the
annual results, the company also pointed to its two-pronged growth
strategy. First, management is working to secure funding for the
development of a Massively Multiplayer Online Game (MMOG) based on
the popular "Fallout" franchise. Interplay sold "Fallout" in 2007
while obtaining a license back, under certain conditions, to create
and develop a "Fallout" MMOG. At the same time, the company will
leverage its portfolio of gaming properties by creating sequels to
some of its most successful games, including Earthworm Jim, Dark
Alliance, Descent, and MDK. The company has recently reinitiated
its in-house game development studio, and is hiring game
developers. Interplay Chairman and Chief Executive Officer Herve
Caen said, "2007 set the foundation for our growth strategy. Going
forward, we have the vision, unique intellectual property, and low
debt and operational costs to help us pursue financing for our
various projects. Our new Website will streamline our ability to
communicate development progress with the public, share brand
information with the fans and support our customers." About
Interplay Founded in 1983, Interplay Entertainment is a developer,
publisher and licensor of video game software headquartered in
Southern California. Interplay is best known for its successful
titles in the Role-Playing Game (RPG) genre with hit series like
"Fallout" and "Baldur's Gate." 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 and others. 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. DATASOURCE:
Interplay Entertainment Corp. CONTACT: Luke Haase, +1-231-932-0400,
for Interplay Entertainment Corp.
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