Amsterdam / New York, 17 February, 2009 - Playlogic Entertainment, Inc. (Nasdaq OTC: PLGC.OB) announced today that Chandra Schanz has joined Playlogic as Business Development Director. Her responsibilities at Playlogic include optimizing the profitability of the company as well as sourcing new business opportunities. She will employ her managerial and strategic planning skills to develop new revenue streams from new products, while optimizing income from in-the-pipeline products.
Chandra Schanz is an experienced professional and comes with 28 years of work experience at various leading organisations on national and international levels, including her work for UNICEF and UNESCO.
She started her career in the videogames industry at Topware in Germany in 1997 as International PR Manager and soon afterwards established her own Consultancy (Schanz International Consultants) with the licensing of the Monolith Production games. The Consultancy positioned itself as a leader in representing independent developers and publishers for managing licensing deals and acquisitions. She is credited with licensing 166 games in the ten years of running her Consultancy with a broad network, from which she finally moved to Playlogic to take on a new challenge.
Rogier Smit, Chief Executive Officer at Playlogic, said: “We are very pleased to welcome Chandra. Her experience and vast network will help Playlogic bring new and existing games to a broad audience.”
Chandra Schanz, Business Development Director added: “I’m thrilled to be a part of the Playlogic team and I look forward to expand Playlogic’s already impressive portfolio with new exciting IP and look for new opportunities for existing titles.”
Playlogic Entertainment, Inc. is an independent worldwide publisher of entertainment software for consoles, PCs, handhelds, mobile devices, and other digital media. Playlogic distributes its products through all available channels, online and offline. Playlogic, who currently has approximately 100 employees, is listed on Nasdaq OTC under the symbol "PLGC.OB" and is headquartered in New York, USA and Amsterdam, the Netherlands. Its in-house game development studio “Playlogic Game Factory” is based in Breda (the Netherlands).
Playlogic's portfolio includes games that are being developed by several teams at the Playlogic Game Factory, as well as games developed by a number of studios throughout the world with approximately 400 people of external development staff. The Playlogic Game Factory also develops first party titles for Sony Computer Entertainment Europe (SCEE).
Playlogic publishes quality games, working with leading technology to produce digital entertainment from concept to finished product. Playlogic plans to publish 12 titles, on several platforms, during 2009.
FORWARD LOOKING STATEMENTS:
This release contains statements about PLAYLOGIC's future expectations, performance, plans, and prospects, as well as assumptions about future events. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions and trends; fluctuations in operating results; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's SEC reports. Actual results may differ materially from our expectations as the result of these and other important factors relating to PLAYLOGIC'S business and product development efforts, which are further described in filings with the Securities and Exchange Commission. These filings can be obtained from the SEC's website located at www.sec.gov. Any forward-looking statements are based on information available to PLAYLOGIC on the date of this release, and PLAYLOGIC assumes no obligation to update such statements.
FOR MORE INFORMATION
Rick van Beem, PR Manager
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M: +31 6 22 95 67 23
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