Gameforge Berlin AG
Frogster Interactive Pictures AG: User Base grows to 5 Million / Update on License Sourcing
Frogster Interactive Pictures AG / Product Launch 16.06.2010 07:30 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Berlin, 16.06.2010: Frogster Interactive Pictures AG, international publisher of massively multiplayer online games with headquarters in Berlin and subsidiaries in Berlin, San Francisco and Seoul, records a growth of its user base to 5 million which is the number of registered intensive players of challenging MMO Games. Thousands of new users add to it on a daily basis. Update on License Purchase After months of intensive search, talks, testing and negotiations mostly with developers and publishers abroad, Frogster is in far advanced negotiations with three licensors for three MMO game licenses with AAA quality claim. The management anticipates at least one license agreement to be closed shortly. For the one or more titles, a release is already scheduled for 2011. For the financing of the planned license purchases, Frogster conducts a capital raise by 238,000 shares from authorized capital. The new shares are issued without subscription rights and without a markdown to the stock price of the last five trading days and are offered to institutional shareholders in a private placement. Subscription interest is already at hand. The chosen means of the capital raise shall ensure that, measured on its small size, it will neither cause excessive time, management and cost effort nor disturbances of stock exchange trading in the share. Update on Shareholder Pool The management has had a first conversation with a new interested buyer of shares from the shareholder pool. The further progress of the talks and the question whether within the deadline that only lasts until June 30th a purchase intent will be posted from that party and - if so - to which conditions, remains to be seen. Concerning the already announced interest of a financial investor, the company is currently having conversations on whether to carry out a due diligence. Berlin, 16.06.2010: Frogster Interactive Pictures AG, international publisher of massively multiplayer online games with headquarters in Berlin and subsidiaries in Berlin, San Francisco and Seoul, records a growth of its user base to 5 million which is the number of registered intensive players of challenging MMO Games. Thousands of new users add to it on a daily basis. Update on License Purchase After months of intensive search, talks, testing and negotiations mostly with developers and publishers abroad, Frogster is in far advanced negotiations with three licensors for three MMO game licenses with AAA quality claim. The management anticipates at least one license agreement to be closed shortly. For the one or more titles, a release is already scheduled for 2011. For the financing of the planned license purchases, Frogster conducts a capital raise by 238,000 shares from authorized capital. The new shares are issued without subscription rights and without a markdown to the stock price of the last five trading days and are offered to institutional shareholders in a private placement. Subscription interest is already at hand. The chosen means of the capital raise shall ensure that, measured on its small size, it will neither cause excessive time, management and cost effort nor disturbances of stock exchange trading in the share. Update on Shareholder Pool The management has had a first conversation with a new interested buyer of shares from the shareholder pool. The further progress of the talks and the question whether within the deadline that only lasts until June 30th a purchase intent will be posted from that party and - if so - to which conditions, remains to be seen. Concerning the already announced interest of a financial investor, the company is currently having conversations on whether to carry out a due diligence. 16.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Frogster Interactive Pictures AG Hardenbergstr. 9A 10623 Berlin Deutschland Phone: 030 / 284701-10 Fax: 030 / 284701-11 E-mail: frogster@ir-services.de Internet: http://www.frogster-ip.de/ ISIN: DE000A0F47J1 WKN: A0F47J Indices: Entry Standard Performance-Index Listed: Freiverkehr in Berlin, München, Düsseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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