Press Release

PLAYLOGIC SIGNS PUBLISHING AGREEMENT FOR “CAPTAIN BLOOD”

Company adds pirate action game based on Rafael Sabatini novel to line-up

Amsterdam, Sept. 22, 2005 – Playlogic Entertainment, Inc. today announced the acquisition of “Captain Blood” for Xbox360 and PC. “Captain Blood” is a pirate action game based on Rafael Sabatini’s novel, “Captain Blood: His Odyssey,” about the notorious Captain Peter Blood.

The game is being developed by Russian studio Akella, which is currently developing “Age of Pirates” for Playlogic as well, and created the successful pirate titles “Sea Dogs,” “Age of Sail 2,” and “Pirates of the Caribbean.”

The game is being produced in cooperation with leading Eastern European games publisher 1C Company and is scheduled to be released in early summer 2006.

The player takes the role of a brave and noble corsair, following his intriguing and amazing adventures in 1685 Spanish Main, where an English surgeon was framed and condemned to penal servitude on Barbados. During hard times he became a pirate and escaped from his tropical prison. The Caribbean was quickly set ablaze by his deeds and exploits. Captain Blood gives players an extraordinary chance to live the life of the most eccentric pirate from Rafael Sabatini’s bestselling book.

While the Spanish Maritime Empire spread around the world, the "Spanish Main" referred to the coastal region of the Americas surrounding the Caribbean Sea, particularly the coast of South America from the Isthmus of Panama to the mouth of the Orinoco River.

The game's mission-based structure gives players a diverse battlefield on both land and sea, where they must engage in ship-to-ship battles and sword fights to gain control of invaded ships. Gamers earn special points for fighting rival sea dogs, acquiring new fighting techniques and gold for weapons and equipment.

According to Stefan Layer, COO/VP of Playlogic, ““Captain Blood” will be an important element of our portfolio strategy for 2006. We are glad to extend our cooperation with 1C.”
"We are very happy to team up with Playlogic in our second deal with them," said Nikolay Baryshnikov, International Sales Director of 1C. "We are excited to enter the next generation console market with Playlogic, with one of our first titles for the new consoles."
Dmitry Arkhipov, VP Development of Akella, said, "Captain Blood is a very important project for us. Moreover, we are very excited to be developing it for both the Xbox 360 and PC platforms. The title is based on the favorite adventure story of millions of readers, and we want to create a fabulous and rich world of swashbuckling adventure for the huge gaming fan base throughout the world. We are currently working with Playlogic on the much-anticipated “Age of Pirates” project, and we're very pleased that the next pirate game from Akella will also be published by Playlogic."

About Akella
Akella is a leading developer of entertainment PC and console software, and also publishes and distributes computer games in Russia and the CIS. The company was founded in 1993 by a group of professionals and has since achieved a stable and successful position in the Video Game Industry. In addition to creating worldwide-famous gaming projects, Akella is taking extremely important steps to grow and develop the Russian multimedia market. Akella continues to build itself as a powerful independent member of the Video Gaming Industry and aspires to be a reliable partner for Russian and international companies.

About 1C
Founded in 1991, 1C Company has become the leading Russian company publishing and distributing computer games in Russia and in the former USSR. 1C publishes games of all leading Russian independent development studios and distribute titles of international publishers such as Activision, Atari, Bethesda, Codemasters, Take 2, THQ, Ubisoft, Vivendi and others. 1C has a strong in-house game development team that created “IL-2 Sturmovik,” “IL-2 Sturmovik: Forgotten Battles” and “Pacific Fighters,” the award-winning WWII combat flight simulator worldwide publisher Ubisoft Entertainment. 1C has produced over 50 projects for PC and console from over 20 independent development studios. Additional information about the company can be found at http://int.games.1c.ru

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 is listed on the OTC BB under the symbol "PLGC" and is headquartered in New York and Amsterdam.

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, The Netherlands, as well as games developed by a number of studios throughout the world. Currently, 14 games on 22 platforms are under development, including “World Racing 2,” “Knights of the Temple 2,” “Gene Troopers,” “Xyanide,” “Age of Pirates,” and “State of Emergency 2” to be release in the third and fourth quarters.

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.