(Logo: http://www.newscom.com/cgi-bin/prnh/20071119/PLAYLOGICLOGO )
Net Revenues
For the six months, ended
For the second quarter of 2008 net revenues climbed to
The release of 7 titles, among which Obscure II (Wii), Dragon Hunters (DS) and Simon the Sorcerer 4 (PC), 7 SKU's, in the 1st half-year of 2008, compared with the release of 6 titles, 7 SKU's in the full-year 2007 was a substantial contribution to this increase.
For the 2nd half of 2008 Playlogic expects to further release 6 titles on 8 SKU's.
Gross profit
Gross profit for the 1st half-year of 2008 increased to
For the 2nd quarter of 2008 gross profit reached
Operating result
Operating result for the 1st half-year of 2008 turned from a
For the 2nd quarter of 2008 the operating result went up to a profit of
Net Profit
Net profit for the 1st half-year of 2008 turned from a loss of
In the 2nd quarter Playlogic made a net profit of
EPS
Earnings per share turned from a loss of
For the 2nd quarter of 2008 earnings per share went up to
As previously announced, Playlogic placed
These share placements took place to further strengthen Playlogic's balance sheet.
Outlook 2nd half-year 2008
For the full-year 2008 Playlogic expects net revenues at least to double compare to 2007.
Net profit per share in 2008 will be in a range between
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 80
employees, is listed on Nasdaq OTC under the symbol "PLGC.OB" and is
headquartered in
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 20 titles, on several platforms, during 2008.
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 Robert A. Van Duivenbode Corporate IR/PR Officer T: +31 20 676 03 04 M: +31 6 53 53 00 10 E: rvanduivenbode@playlogicint.com
For further information about Playlogic, the games she publishes and develops, artwork and press information, please visit our press section on www.playlogicgames.com
SOURCE Playlogic Entertainment, Inc.