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Republik Games Suspends 'Spend the Night' Due To Insufficient Funds

by Rainier on March 31, 2006 @ 9:02 p.m. PST

Republik Games announced today that it had not completed an anticipated round of equity financing and as a result, is suspending production on its flagship game, Spend the Night.

“The past few weeks have been a rollercoaster for the company” said CEO, Robert Coshland. “We had a single day record of 1.8 million hits on our website, we’re being included in a documentary on the future of video games, and we have over 100 people join our mailing list everyday. Unfortunately game development is expensive and attention doesn't translate into operational funds. ” Coshland indicated that 12 people were affected by the shut down. “Republik Games intends to focus on raising new capital. It’s not just an incredible product—it’s a solid business proposition and we have the research, the materials, and the numbers to back it up.”

The company had previously raised an undisclosed sum in two funding rounds and was well into production of the erotically-charged game.

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