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09
April 2008
Interplay
Releases 2007
Earnings
Interplay
Entertainment
have 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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