Matt Martin
12:44 (BST)
12/06/2008
Greenstreet Software goes into liquidation
Budget PC games publisher Greenstreet Software has gone into liquidation, GamesIndustry.biz can reveal.
The company published a range of value games in the competitive budget market, and worked with partners such as National Geographic and Hoyles.
The publisher was formed in 2001 with the merger of GST Technology and eGames Europe, and had built a distribution network that reached to over 40 countries.
"After spending six months re-organising Greenstreet Software into a smaller organisation to take account of changing market positions in retail, Greenstreet has been bought down by non-payment from one large debtor and insistence from our bankers to re-organise our finance in a way that was deemed inappropriate," revealed Jeff Fenton, CEO.
"The directors hope to be able to re-start the underlying business in the future which has the potential to become a very viable business," he added.
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