Playlogic Entertainment Becomes Officially Licensed PSP(R) Publisher

AMSTERDAM, THE NETHERLANDS, October 11, 2006 -- Today, game publisher and developer Playlogic Entertainment, Inc. (OTCBB: PLGC) announced that Sony Computer Entertainment Europe, based in London, licensed the company as official PSP® publisher.

The Licensed Publisher Agreement for the PlayStation Portable® grants Playlogic the rights to publish and develop application software for the PlayStation Portable in the territory of Europe, Middle-East and Africa (EMEA), Australia and New Zealand plus all other countries which are members of the European Union or have otherwise implemented the Treaty on a European Economic Area (such as PAL countries).

Playlogic was given publisher status based on its internally developed PSP title "Xyanide Resurrection," which is scheduled to be released in the first quarter of 2007.

Playlogic's Exec. VP Rogier W. Smit: "With the soon to be released title 'Xyanide Resurrection' we passed all necessary stages of the assessment and we are very proud to announce that we are now an official Licensed Publisher for Sony's PlayStation Portable. We strongly believe in the PSP platform and look forward to adding more exciting PSP titles to our future line-up."

"Xyanide Resurrection" is the "quel" to the old school shoot-'m-up title also developed by Playlogic's in-house studio Playlogic Game Factory, "Xyanide." This game was recently released on the Xbox in the U.S. and is available at retail.

"We are excited to offer our first PSP title in the first quarter of 2007," says Stefan Layer, VP/ Chief Marketing & Sales Officer. "'Xyanide Resurrection' has been specifically designed for the PSP platform and will certainly attract many fans of the shoot-'m-up genre around the globe."

Dominique Morel, CTO/Head of Productions: "Visually, the game looks fantastic, while the fun reveals itself to be immediate and compelling." He continues: "This game with its top notch technology and original art direction will be a great tribute to the powerful hardware of the PSP. The countless fans of the shoot-'m-up' will absolutely love it."

Some of the responses the Xbox version received:

Armchair Empire: "Xbox fans have been starved for a good space shooter since the console's launch. Now it looks like they'll finally be getting one."

GameDaily: "...what really complements the game is its challenge. The game is far from a pushover, as you'll see enemies flooding the screen and grounded foes firing up at you to no end."

Gamefaqs: "It takes all the great shoot-'m-ups you've played over the years, rolls them into one and churns out a quality product. It's evident where the creators of this title got their ideas and it's also evident that they wanted to put out an outstanding product that they could be proud of. Well let me be the first to say they did!!"

GameSpot: "...Microsoft's old console still is getting a few interesting titles, like 'Xyanide.'"

Gamers Europe: "What is ultimately a 2D shooter brought into a 3D world, 'Xyanide' brings a unique twist on the gameplay that it deserves to be talked about." And, "...'Xyanide' could be one of the best 3D shooters in several years, certainly the best on the Xbox."

Description Xyanide Resurrection (PSP)

"Xyanide" is a classical 2D/3D shoot-'m-up game, where the player takes over the role of Drake, a government executioner from the planet Mardar. Drake's mission is to capture the escaped evil witch Aguira and bring her back to the Judge. Aguira uses the mythical power of Xyanide to transform worlds and create creatures and obstacles to keep Drake from capturing her.

This game uses a new technology never seen before on the PSP or any other handheld. High quality interactive video backdrop seamlessly integrates with real-time game sceneries to deliver high quality graphics and effects on the PSP.

Features

-- 10 levels of full packed shooting action

-- Multiple branch story line and difficulty levels

-- Intense mid- and end-boss battles

-- Upgradeable player vessel

-- Unique, highly detailed backgrounds and visual effects

-- 4 different difficulty settings for beginners and hard-core gamers

-- Unique combination of game mechanics is responsible for the seamless

transition of an old school genre into the new era

About Playlogic:

Playlogic Entertainment, Inc. is an independent publisher of entertainment software for consoles, PCs, handhelds, mobile devices, and other digital media. Playlogic, established in early 2002, publishes game concepts across various genres. The company distributes its products worldwide through all available channels, online and offline.

Playlogic, who currently has approximately 75 employees, is listed on the OTC BB under the symbol "PLGC" and is headquartered in New York and Amsterdam. Its internal studio is based in Breda (The Netherlands).

Playlogic's portfolio includes games that are being developed by several teams at Playlogic Game Factory, Playlogic's in-house development studio based in Breda, as well as games developed by a number of studios throughout the world. Currently, 10 games on 14 platforms are under development, including "Age of Pirates: Captain Blood," "Ancient Wars: Sparta," "Infernal," "Xyanide Resurrection" and the "Red Bull Break Dance Game." "Knights of the Temple 2" and "Gene Troopers" have been released throughout Europe and will be released in the fourth quarter in the US.

Playlogic is always looking for additional, high-quality games and acquires products that can be exploited in the complete value chain of digital entertainment products from games at retail to mobile games and digital TV.

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

Playlogic Entertainment, Inc.

Esther Berger

Corporate Communication & IR Manager

T: +31 20 676 03 04

E: eberger@playlogicint.com

Or

Beco Mulderij

Marketing Manager

T: +31 20 676 03 04

E: bmulderij@playlogicint.com

For further information about Playlogic please visit www.playlogicgames.com

SOURCE: Playlogic Entertainment, Inc.