Werner Demetz appointment
Taking up the role as president as part of an in-depth restructure.
Zurich, Switzerland, March 4th, 2009 -- SplitFish AG (SplitFish), designer of PlayStation®3 first-person-shooter (FPS) console controllers, announced that it's board has appointed Werner Demetz as President as part of an in-depth restructure that includes a recapitalization increasing the amount of shares from 30 million to 50 million, with a significant portion of new shares owned by management and Living Picture Ltd., the worldwide exclusive distributor for SplitFish. In addition, SplitFish resumed production of its FragFx V2, at a new site, increasing capacity for the popular FPS controller.
"The new FragFx has been enthusiastically received by those who have seen it in Asia and Europe," said Demetz. "Now we're back on track, filing patents and going into a positive future with business partners, shareholders and gamers for the U.S. launch."
The increase of the share capital and new management provides SplitFish with strong direction and financial footing moving forward.
Splitfish published the first version of the FragFX FPS controller for the PlayStation®3 back in October 2007. The peripheral achieved overwhelming success with the media, consumers and at retail. Demand far exceeded supply, and Splitfish spent 2008 improving their product design, increasing production capacity and fulfilling back orders. Additionally, Splitfish made key personnel and business changes in 2008 included the removal of VP sales Kevin Rennie, Nan Lui and Nabon Corp. and the Board accepted the resignation of Ken Tetterington at the end of September 2008.
Publishers are invited to contact splitfish@livingpicture.com and ask for a testing unit.
About SplitFish
SplitFish is a developer of original patent pending video game hardware technologies that include the FragFX controller, EyeFX 3D Adapter, EdgeFX Controller, MotionFX Tilt-sensing Adapter, GlideFX Trackball Controller, and the DualFX Laser Gun. More information is available on the company web site: http://www.splitfish.com
Information presented in this release contain "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "projects", "foresee", "expects'", "will," "anticipates," "estimates," "believes," "understands" or that by statements indicating certain actions "may," "could," or "might" occur.
###
Press - North America
Michael Meyers Public Relations
Michael Meyers
(925) 551-8080
michael@mmpr.com
Press - Europe/Other Territories
Azzoo GmbH
Christian Stosick
+49 8994404810
christian.stosick@assoo.net