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10TACLE STUDIOS AG takes over Belgian development studio

Having a controlling interest in elseWhere Entertainment the German publisher founds 10TACLE STUDIOS Belgium

Darmstadt, 19th October 2005: In connection with their strategic growth 10TACLE STUDIOS AG takes over the majority of shares in the Belgian development studio elseWhere Entertainment and thus founds 10TACLE STUDIOS Belgium. Yves Grolet's team made up of 22 members is specialized in cutting edge action-adventure games. Grolet and his team became known due to their work on the PC game "Outcast" which made history thanks to an innovative technical approach and a completely new and exciting gameplay concept.

Following this success story Yves Grolet founded elseWhere Entertainment as a character driven game and technology development studio. Ever since the Belgians have primarily - apart from their work on several other projects - worked on the development of their own "NeoReality"-engine with its groundbreaking rendering-technology. On the basis of this new game engine which is suitable for current generations of consoles and PCs as well as for Next-Generation platforms new titles are meant to be developed which will set new standards.

"The investment in elseWhere is a big step for the future of 10TACLE STUDIOS AG. It is very important for us that thanks to our subsidiary 10TALCE STUDIOS Belgium we now have access to a high-end engine which we can use for our upcoming projects. Yves Grolet's team has done an excellent job by developing the "NeoReality"-engine and we are proud that we can now together continue to work with this new technology": Michele Pes, CEO of 10TACLE STUDIOS, underlines the significance of the take-over.

"The fact of entering in the 10TACLE group means for elseWhere that we will get access to the necessary ressources needed to develop state of the art next generation games", Yves Grolet, Managing Director of elseWhere Entertainment.

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10TACLE STUDIOS AG is one of the leading German game-publishers. As a facilitator between investors, developers, and distributors in the games industry, the company fills an important gap in the current business field. Founded by CEO Michele Pes in August 2003, the company now employs 150 associates in its locations in Darmstadt, Hanover, Bratislava, and Singapore. With its product portfolio 10TACLE covers all three major pillars of interactive entertainment: online, offline, and wireless.

About elsewhere Entertainment

Elsewhere Entertainment is a limited liability company incorporated in Belgium on November 15, 2001 and founded by Yves Grolet, its CEO.

Most of the company's team members come from Appeal S.A., a game development company founded in 1995 by Elsewhere Entertainment's CEO. Appeal developed the hit game Outcast which was published by Infogrames in 1999 and considered by the video games industry as the best adventure game of that year worldwide. All team members have a considerable track record in the games industry.

Press contact

10TACLE STUDIOS AG w Goebelstraße 21 w 64293 Darmstadt w Germany

Marcel Jung w Tel.: +49 (0) 6151 / 39 73 80 w Fax: +49 (0) 6151 / 39 73 81 0


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