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Interplay Announces Sale of Galleon to SCI Entertainment

16th December 2003, 9:49am
IRVINE, CA, December 15, 2003 -- Interplay Entertainment Corp. (OTC Bulletin Board: IPLY) announced today it has sold all rights to Galleon: Islands of Mystery to SCi Games Ltd., an affiliate of SCi Entertainment Group of London. Terms of the transaction were not disclosed.

Commenting on the announcement, Interplay Chairman and Chief Executive Officer Hervé Caen said, "In development for more than three years, Galleon no longer fits with Interplay's strategy going forward. Heading into 2004, Interplay is facing critical decisions about its future strategy, its resources, and its product lineup. The company's development resources will be streamlined and focused on high profile game titles we have planned for release next year and in the near term, including Exalted, an action/adventure title now in development."

by Robert Gardner