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3DO Lines Up $10 Million in Financial Support

by Thomas on Dec. 28, 2002 @ 8:28 a.m. PST

The 3DO Company announced today the completion of an agreement with founder and chief executive officer Trip Hawkins that will provide $10 million in financial support to the company. A clip from announcement:

"3DO is poised to release hit games in 2003, beginning with our top-ranked High Heat Major League Baseball 2004 in February," said Hawkins. "This agreement is a big step forward on our goals of revenue growth and a return to profitability. Our confidence is growing from good previews from the gaming press for our 2003 product slate, and promising purchase order demand for our initial 2003 releases."
The 3DO Company announced today the completion of an agreement with founder and chief executive officer Trip Hawkins that will provide $10 million in financial support to the company. A clip from announcement:

"3DO is poised to release hit games in 2003, beginning with our top-ranked High Heat Major League Baseball 2004 in February," said Hawkins. "This agreement is a big step forward on our goals of revenue growth and a return to profitability. Our confidence is growing from good previews from the gaming press for our 2003 product slate, and promising purchase order demand for our initial 2003 releases."
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