Eidos plc: Championship Manager 5 and Strategic Review Update

News by GamesIndustry International Contributor

Published on Oct. 19, 2004

LONDON, Oct. 18, 2004: Further to the announcement on 2nd August 2004, the release of the PC version of Championship Manager 5 will not now take place in October. Eidos (LSE: EID.L; NASDAQ: EIDSY) is continuing to work towards release of the PC version of the game shortly before Christmas, although this may extend into the New Year. As previously stated, the much anticipated XBox and PS2 versions of Championship Manager 5 remain firmly on track for release in Spring 2005 and the online version will be available through subscription shortly after the PC game's release.

The Board of Eidos also confirms that it is continuing to pursue discussions in relation to the possible sale of the Company and is currently in the process of selecting a preferred counterparty. There can be no certainty at this stage whether or not this will lead to an offer being made for the Company. Further information will be provided to the market, as appropriate, in due course.

Eidos is the largest video games publisher and developer of entertainment software in the UK. It has publishing operations across Europe (France, Germany, Spain and the UK) and in the US, Japan and Australia. It also has significant development studio expertise, both internal and external, in Europe and the US.

Eidos plc is a public limited company registered in England (number 2501949). Its Ordinary shares are listed on the London Stock Exchange (ticker: EID.L) and, in the form of American Depositary Shares, on the NASDAQ National Market (symbol: EIDSY). Further information on the Company can be found at www.eidos.com.

This statement contains information about our past performance or practices. No such information should be used as an indicator of future performance or practices. It may also contain forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. You can identify these statements by their use of words such as "will", "anticipate", "estimate", "expect", "project", "intend", "plan", "should", "may", "assume" and other similar words. You should not place undue reliance on our forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements. Such factors include: general economic conditions in the Group's markets, particularly levels of consumer spending; exchange rates, particularly between the pound sterling and the U.S. dollar, in which the Group makes significant sales; the Group's ability to continue to win acceptance of its products, which are offered in highly competitive markets characterized by continual new product introductions, rapid developments in technology and subjective and changing consumer preferences (particularly in the entertainment business); the Group's ability to attract and retain qualified personnel; risks of doing business internationally; and other risks described from time to time in Eidos plc's Securities and Exchange Commission periodic reports and filings. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise. No information contained in this statement constitutes or shall be deemed to constitute an invitation or otherwise deal in shares or ADR's of Eidos plc. The price of shares and income derived from them can go down as well as up.