Interplay (IPLY.OB) Receives Investment from DotCorp Asset Management
Investment Includes Stake in Common Stock & Warrants
LOS ANGELES, Calif. March 17, 2010 Interplay today announced that DotCorp Asset Management has acquired 11,625,000 shares of common stock, (including 4.6 million shares of existing treasury stock previously held by Interplay), and a warrant to acquire up to 7.5 million additional shares. DotCorp Asset Management will not be represented on the Interplay board.
“This investment furthers Interplay’s efforts to create new games based on its impressive portfolio of intellectual properties,” said Interplay CEO Hervé Caen. “We are happy to see that our strategy attracts the interest of new investors and it is a real pleasure to welcome DotCorp Asset Management to the ranks of our shareholders.”
“We are excited to find an investment with solid assets and experienced management,” said Steve Rosenblum, co-founder of DotCorp Asset Management. “Interplay’s ongoing emphasis on rejuvenating its amazing games portfolio, together with a lean execution, the PV13 MMO project, and the executives’ motivation make an attractive combination.”
Founded in 1983, Interplay Entertainment is a developer, publisher and licensor of video game software headquartered in Southern California. The company has produced and licensed titles for many of the most popular interactive entertainment software platforms in the action/arcade, adventure/RPG and strategy/puzzle categories. Its portfolio of well-recognized Intellectual Properties includes Battlechess, Clayfighter, Dark Alliance, Descent, Earthworm Jim, Freespace, Giants, Messiah, MDK, Run Like Hell, Sacrifice and Stonekeep. Interplay also holds exclusive distribution rights to certain existing Fallout and Redneck titles. For more information, please visit www.interplay.com.
About DotCorp Asset Management
DotCorp Asset Management is a Paris-based venture capital fund started by Steve and Jean-Emile Rosenblum, who also founded the leading pan-European ecommerce website Pixmania.com. Dotcorp’s mission is to invest in what it perceives to be high growth and high potential companies that have experienced management teams. Dotcorp’s board consists of successful entrepreneurs who actively manage their own companies and can lend their experience to the companies in their investment portfolio.
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