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Gamefactory Interactive Acquires MiST land South

by Rainier on Aug. 10, 2005 @ 1:35 a.m. PDT

Gamefactory Interactive announced today that it has acquired Zelenograd studio MiST land South and all its holdings, and also that it has named MiST land South's president Vitaly Shutov to Development Director of PC-projects of GFi company.

One of the key terms of the deal is the organization of producing center on the basis of MiST land South, which creative and managing potential would be directed to cooperation with young developers to carry their projects from concept stage to release.

MiST land company was founded in 1996, and since 2002 MiST land trade mark is used by ZAO MiST land South. Till the lifetime of the company 5 titles has been released: "Napoleon 1805-1813", "Paradise Cracked", "COPS2170: The Power Of Law", "ALFA: Antiterror". At the given moment studio is working on two already announced projects - WarFare ? Jagged Alliance 3D – and one more title would be announced in the nearest future. Besides, the studio has activities in the field of localization foreign projects for home market, where the track record of company consists of more than 40+ positions.

"We are working with GFi company for a very long time, having only positive emotions during this collaboration. Joint action and motion showed us, that the level of our projects grows with the level of our cooperation," – Vitaly Shutov comments. "We are glad, that now we can fully depend on marketing and PR support of GFi company, which we plan to employ in in-home and side projects, bringing them to maximum level of quality, as from the viewpoint of game technology, as well as from the depth of gameplay".

"Joint working experience with MiST land South has shown us, that this team can develop high quality products that are essential on our internal market as well as on foreign markets" – declares the CEO of GFi company Slava Plotnikov. "Vitaly Shutov – is a veteran of Russian game industry, his personal track record has a series of successful projects, made at high quality level. His new position allows the growth of the level of the projects that ship under our brand and, we hope, will broaden game community behind our games all over the world!"

Concerning the future plans, development vector of GFi's PC-branch, as well as about the reorganization of cooperation with third-party developers, would be separately announced in our upcoming newsletters.

We'll be glad to answer all your questions and give extended comments concerning occurred deal.

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