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Red 5 Studios restructuring

Lay-offs at MMO developer.

Irvine, Calif. - January 27, 2010

Red 5 Studios, Inc. is currently working on an unannounced massively multiplayer online game. Recently, the team formed around a new direction and took on additional investment from a strategic partner in the online games industry.

Red 5 remains committed to releasing a AAA quality, online title targeted for a worldwide release. The company has restructured the team in order to accomplish this goal. As part of the restructuring, some team members chose to part ways while others were let go. Red 5 has great respect for these departing team members and the contributions they have made.

For more information on Red 5 Studios, please visit http://www.red5studios.com.

About Red 5 Studios

Located in Irvine, CA, Red 5 Studios is dedicated to bringing together millions of gamers across the world by creating immersive worlds, intriguing stories and compelling characters. Red 5 may be reached on the web at www.red5studios.com.

Eddiemae Jukes, TriplePoint

650-996-0086

eddiemae@triplepointpr.com

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