Joint Administrators were appointed to UK based developer Blimey! Games on Jan. 8 2009, following the insolvency of its parent company, 10tacle Studios in the summer of 2008. Former Blimey! head honcho Ian Bell acquired all the assets and its workforce.

After yesterday's license agreement 10Tacle Studios announce today that Blimey! Games, known for making GTR, GT Legends and most recently GTR 2, is working an all-new next-gen racing title focusing exclusively on Ferrari's finest automobiles throughout history.

After last year’s formation of development studios in Singapore and Belgium, 10Tacle Studios starts off the year 2006 with a majority shareholding in Blimey! Games in London. The team of 45 people led by CEO Ian Bell is specialised in the development of ultra-realistic racing games, such as GTR, and GTR Legends.

The Climax Group today took a major technological step forward in the development of cross-platform games with the unveiling of Blimey, a powerful new game engine that drastically reduces development times. Created by some of the most experienced programmers in the interactive entertainment industry, the Blimey technology has been specifically designed to meet the needs of the Climax Group and allows for the rapid development of games on PS2, Xbox, Gamecube and PC. Read more below for full story and screens!