(Logo: http://www.newscom.com/cgi-bin/prnh/20071119/PLAYLOGICLOGO )
A full-year 2008 financial outlook was given during this meeting. In 2007 Playlogic released 7 games, for 2008 the company expects to release 15 games (29 SKU's) on several platforms.
The financial outlook for 2008 net profit is $3mio to $5mio ($0,07 to $0,12 per share). Net profit per share for second quarter is expected to be equal or higher than the profit of $0,02 per share achieved in the first quarter.
In 2008 Playlogic is shifting its focus more to console games though PC titles will still be a substantial part of the Playlogic business.
In addition, during 2008 Playlogic plans to launch its new 2.0 website which will include a shop for digital downloads and boxed products.
In the 2nd half of 2008 Playlogic is planning several road shows in the
U.S. and
ABOUT PLAYLOGIC:
Playlogic Entertainment, Inc. is an independent publisher of entertainment
software for consoles, PCs, handhelds, mobile devices, and other digital
media. Playlogic distributes its products worldwide through all available
channels, online and offline. Playlogic, who currently has approximately 80
employees, is listed on the OTCBB under the symbol "PLGC" and is headquartered
in
Playlogic's portfolio includes games that are being developed by several
teams at the Playlogic Game Factory, Playlogic's in-house development studio
based in
Playlogic publishes quality games, working with leading technology to produce digital entertainment from concept to finished product. Playlogic plans to publish 20 titles 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 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.