DGAP-News: Frogster Interactive Pictures AG enters browser games business / Purchase of licenses to two very promising next-generation Browser MMO Games
(firmenpresse) - Frogster Interactive Pictures AG / Product Launch/Mergers&Acquisitions
26.03.2010 11:41
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Berlin, 26.03.2010: Frogster Interactive Pictures AG, international
publisher of massively multiplayer online games with headquarters in Berlin
and subsidiaries in Berlin, San Francisco and Seoul is entering the browser
games business. For five years each, Frogster has purchased the European
license rights on two next-generation browser MMO games from the successful
Chinese developer Snailgame. Frogster has already been working together
successfully with Snailgame for years concerning the title 'Bounty Bay
Online'. 'Lord of the Dragons - Knights of Honor' is a novel strategic role
play game with a world of knights and dragons and passionate attention to
detail. One of the many specials is the cooperative team-based building of
castles together with co-players - all in latest flash technology. 'Lord of
the Dragons - Knights of Honor' shall be released already in 2010. 'Bounty
Bay Web' is a world of sailors set in the 15th to 17th century, thus a
setting similar to the successful, client-based Frogster MMO game title
'Bounty Bay Online' of which the branding will be adopted for the
browser-version. Also in the highest graphic quality, the player can make a
career as a merchant, blacksmith or captain, explore foreign countries and
fight armada battles. For such a browser game, the housing-system with
which the player can purchase and expand their own house and land, is
completely unique. 'Bounty Bay Web' shall also be released already at the
beginning of 2011. Both browser MMO games, will be operated by Frogster in
the free-to-play business model with micropayments just like 'Runes of
Magic' and 'Bounty Bay Online' where the players purchase and hire durable
and consumable virtual goods as well as services.
Browser Games
Even in the business model of 'free-to-play' games which are available for
free online and with 'item sales' used by Frogster compared to client-based
MMO games, browser MMO games have the additional advantage that the hurdle
before entering is even smaller for the player as they can access and take
part in the virtual world without the download of a client taking several
hours. The German competitors Gameforge and Bigpoint which are not listed
are already very successful in the browser games business. Both competitors
have, according to their own statements, by now crossed the annual revenue
level of 100m Euro after they were situated in a revenue dimension similar
to Frogster's current one two years ago. Frogster believes 'Lord of the
Dragons' and 'Bounty Bay Online' to be very strong within the competition
environment.
Update on the pool of shareholders
Concerning the intention of a pool of Frogster shareholders to acquire an
anchor shareholder, the Frogster management has had numerous appointments
with strategic and financial investors together with Corporate Finance
Partners (CFP) in the last few weeks in China, Germany and the USA. The
buying interest in the just under 40 per cent pooled Frogster shares is
high. The interested buyers do now have the opportunity in April to build
their opinion to address further questions to Frogster and to present their
acquisition interest in the form of a LOI. The due diligence is scheduled
for May.
Frogster Interactive Pictures AG, Tel. +49 (0)30-28 47 01-0
26.03.2010 11:41 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Frogster Interactive Pictures AG
Hardenbergstr. 9A
10623 Berlin
Deutschland
Phone: 030 / 284701-10
Fax: 030 / 284701-11
E-mail: frogster(at)ir-services.de
Internet: http://www.frogster-ip.de/
ISIN: DE000A0F47J1
WKN: A0F47J
Indices: Entry Standard Performance-Index
Listed: Freiverkehr in Berlin, München, Düsseldorf, Stuttgart; Open
Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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