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10Tacle Acquires 29% Stake in Climax, Working on Two Titles

by Rainier on Aug. 6, 2007 @ 7:21 a.m. PDT

10Tacle Studios announced plans to acquire a 29% stake in Climax Group, as well as the signing of a strategic partnership to jointly develop games in specific genres, with the first two action/fantasy titles already in the pipeline.

Currently both companies are working together on two titles of the action and fantasy genre and have agreed to increase the intensity of cooperation within the next months. The cooperation shall especially be extended to the online-gaming-world which will be created in cooperation with the global brand 'MTV'. The online-gaming-world has already been announced in April 2007 and is due to open its gates in 2008. For this project both partners offer ideal conditions for a successful cooperation.

The new alliance will furthermore enable 10TACLE STUDIOS and Climax to significantly increase their development capacity and leverage substantial synergy effects in the area of technology through which already agreed contract volumes offered by third parties can be realised.

'The agreed cooperation of our companies will form one of the biggest independent development-partnership worldwide for next-gen, PC, video- and online-entertainment. CLIMAX Group Ltd. has many years' development experience and proven technology that it has built up over many years of successful game development. CLIMAX is a developer for several prominent games publishers. The two companies complement each other perfectly on the development and production side. We are very glad that we have found such an experienced partner to strength

our development capacities and we are currently seriously auditing further possibilities to integrate the CLIMAX Group Ltd. into our organization,' said Michele Pes, CEO of 10TACLE STUDIOS AG, emphasizing the major strategic importance of this partnership.

Karl Jeffrey, CEO of CLIMAX Group Ltd.: 'We believe that 10TACLE STUDIOS AG is the ideal strategic partner for Climax. Together, we are perfectly positioned to deliver international next-gen projects of the highest quality and to pioneer the development of advanced online gaming worlds and social networks.'

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