Archives by Day

December 2014
SuMTuWThFSa
123456
78910111213
14151617181920
21222324252627
28293031

Advertising





Latest News On The 'Y-Project'

by Thomas on Oct. 1, 2002 @ 2:23 p.m. PDT

Westka Interactive closes its doors!! The German game developer Westka Interactive GmbH will cease its business operations today, October 1st 2002. Westka was founded in 1993. Westka had to file for insolvency at July 31, 2002 after the necessary funding for the companies biggest project "The Y-Project" could not be ensured although an LoI for the project with one of the leading worldwide publishers had been signed. Despite several measures to restructure the company, an additional agreement with another publisher and a very positive feedback from the international press on the versions of the "The Y-Project" and "Race Tracks Unlimited" shown at the the Games Convention and the ECTS, the sustainable funding of the company couldn?t be ensured. All remaining 44 employees had been laid off at September 30, 2002. Since September 2000 BRAINPOOL TV AG, one of the leading German TV producing companies, owned a 60 % majority equity stake in Westka.
Westka Interactive closes its doors!! The German game developer Westka Interactive GmbH will cease its business operations today, October 1st 2002. Westka was founded in 1993. Westka had to file for insolvency at July 31, 2002 after the necessary funding for the companies biggest project "The Y-Project" could not be ensured although an LoI for the project with one of the leading worldwide publishers had been signed. Despite several measures to restructure the company, an additional agreement with another publisher and a very positive feedback from the international press on the versions of the "The Y-Project" and "Race Tracks Unlimited" shown at the the Games Convention and the ECTS, the sustainable funding of the company couldn?t be ensured. All remaining 44 employees had been laid off at September 30, 2002. Since September 2000 BRAINPOOL TV AG, one of the leading German TV producing companies, owned a 60 % majority equity stake in Westka.
blog comments powered by Disqus