Press Release

NIVAL INTERACTIVE EXPANDS OPERATIONS WITH ACQUISITION OF TARGEM GAMES
 

Ft. Lauderdale, FL – May 12th, 2005 – Nival Interactive, a leading international video game developer, headquartered in the United States, is pleased to announce its purchase of a controlling interest in Targem Games, one of Russia’s leading game developers. The deal is part of Nival’s competitive strategy to create a global video game development company that will produce next generation console and wireless games with universal appeal, while maintaining its strong position in the PC game market.

“We are actively seeking acquisitions and partnerships with the best developers in order to share our resources, expertise and contacts to produce world-class software entertainment. By combining Targem’s talented team with ours, we can more aggressively pursue our goal of producing next generation console titles, while continuing to produce world-class PC games,” said Sergey Orlovskiy, president of Nival Interactive.

Stanislav Skorb, president of Targem Games, added, “This is an exciting opportunity for Targem and one that will enable the team to implement more of our creative ideas, while leveraging the resources and expertise of Nival. We have terrific creative synergy and are excited about working on more projects together.”

About Nival Interactive
Nival Interactive is an international video game developer with a staff of over 180 employees. The company’s corporate offices are located in  Fort Lauderdale, Florida, and its main creative studio is based in Moscow, Russia. Recently, Nival’s critical and commercial success is best represented by the Blitzkrieg and Silent Storm series. Current projects include Heroes of Might and Magic V, Blitzkrieg II, Night Watch and Hammer & Sickle as well as several unannounced projects. At this year’s Russian Game Developers Conference, Nival received “Best Developer 2005” and Heroes of Might and Magic V was named “Best Game 2005.” For more information about Nival Interactive, please visit www.nival.com

About Targem Games
Targem, founded in 2002, is based in Ekaterinburg, Russia. With a team of 40, Targem has produced titles for the PC, Pocket PC & Mobile platforms.  Their current projects include Hard Truck: Apocalyptic Wars,  an Action RPG set in a post-apocalyptic world where semi trucks have become the only way to survive, as well as a yet unannounced title in partnership with Nival Interactive. For more information about Targem Games, please visit www.targem.ru