Earthworm Jim, Dark Alliance, Descent, and MDK Sequels?
Releases 2007 Earnings; New Web Site Launch Imminent follows-up on word that
Interplay is resuming game development (story) with further
indications of what they have planned and word they are set to relaunch their
website (thanks No
Mutants Allowed). Interplay continues to pursue their tenuous rights to
create a Fallout MMORPG (story), and word is they are also
planning sequels to some of their franchises: Earthworm Jim, Dark Alliance,
Descent, and MDK:BEVERLY HILLS, Calif., April 8, 2008
/PRNewswire-FirstCall/ -- Interplay Entertainment Corp. (OTC Bulletin Board:
IPLY - News) 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."
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