Press Releases

Gameforge increases takeover bid to Frogster shareholders

Management considers the takeover to be friendly

Berlin, 13.09.2010:

Gameforge AG, international publisher of online games based in Karlsruhe has increased its takeover bid to the shareholders of Frogster Interactive Pictures AG from 25 Euro to 27,50 Euro. The Frogster management appreciates the increase of the offer and believes the offer to be fair considering the unstable capital market environment. According to the press release of Gameforge, the offer will now last until 4.10.2010, it can however be accepted by Frogster shareholders until 22.10.2010. On 6.09.2010 Gameforge had announced by now to be in the possession of a 60% stake. Regardless of the amount of holding, Gameforge has expressed the purpose to maintain Frogster an independent company with the existing management and team at the current locations, its own culture and its successful brands. By now, both companies have agreed on intensive cooperation in various fields which will be negotiated at arm’s length and ought to be value adding to both companies. Thus, the Frogster management considers the takeover to be friendly.

Generally the Frogster management does not give any recommendation to buy or sell the share at a particular price, not on the occasion of the takeover bid either, but feels obliged to the shareholders to make the following statements which add to the press release of 16.08.2010: The management does not expect Gameforge to further increase the tender offer and, regarding its own shares, for itself intends to accept the offer for a substantial part of its remaining shares. In this respect, the management recommends the Frogster shareholders to assess the offer carefully and benevolently again.

Update on current revenues
As expected and announced, the monthly revenue of August was around 200k EUR underneath the monthly revenue of July, according to preliminary projections. For the rest of the year 2010, the management anticipates rising monthly revenues again.

Bounty Bay Online

Pirates, Merchants & Explorers

With Bounty Bay Online players enter the historic Age of Discoveries when famous circumnavigators were roaming the seas. Since 2007, they start an online career as a merchant, sailor, fisherman, pirate, explorer or in one of several other professions in a charming sailor setting. Alone or with a guild of players they follow gripping quests, start a flourishing overseas trade and discover monumental sights. Following exciting player vs. player battles on land and sea, powerful guilds can take control of cities and entire colonies and thus control their destinies.

More information on www.bountybayonline.com.

Mythos

Gripping Action MMORPG in popular comic look

Mythos brings the highly successful Hack'n'Slash formula into an action-packed online role-playing game. Mythos offers players a virtual fantasy world based on an atmospheric comic book style where they hunt countless monsters in a variety of diverse dungeons. There is a choice of four races and three character classes which can be heavily customized. Mythos was originally developed by Flagship Studios and since 2010 has been further continued and prepared for its release in Europe by the Korean publisher HanbitSoft. The action-packed online game is due to throw open its gates in early 2011.

More information can be found on www.mythos-europe.com.

Runes of Magic

a world full of wizardry and adventure

Runes of Magic has redefined the standard for free-to-play MMORPGs since 2009 with its massive amount of features. The online role-playing game carries an exciting, multi-layered story, driven by more than 2,700 quests set in the atmospheric fantasy world of Taborea. ‘Runes of Magic’ features a unique dual class system enabling players to combine one of eight primary classes with a secondary class. Thanks to a comprehensive crafting system, individual player homes, arenas and battlefields, guild castles and siege wars, challenging dungeons and many other features ‘Runes of Magic’ offers plenty of online adventures for all kinds of players.

More information can be found on www.runesofmagic.com.

TERA

online game world to set new standards in the genre

An impressive and highly-detailed virtual world with triple-A quality claim awaits thousands of players with TERA. Entirely developed in Unreal Engine 3, TERA transcends current representatives of the genre with breathtaking 3D graphical environments, thrilling animations and spectacular effects. With six races and eight character classes, TERA offers an abundance of possibilities for character creation and development. The dynamic real-time combat system of TERA gets players engaged in battles considerably more actively than all conventional MMORPGs available on the market. TERA is set to be released in 2011 based on a subscription model.

More information can be found on www.tera-europe.com.

Throne of Fire

Gripping Dragon Combat in a Browser Window

With Throne of Fire, Frogster’s first browser-based fantasy world will cast open its gates. PC adventurers will receive free access to a medieval-themed mythical world offering impressive wide-screen landscapes using the latest Flash technology. Players will be able to take on the role of a warrior, mage, priest, warlock or paladin to fight fearsome dragons in individual or group-wise turn-based fights. Only those who can defeat the formidable boss opponents in the diverse and demanding raid instances will get the opportunity to ascend to the throne of the kingdom.

More information can be found on www.throne-of-fire.com.

Christoph Gerlinger

CEO | Frogster Interactive Pictures AG

Despite having left the games industry more than two years ago Christoph received a call from his former colleague and friend Dirk Weyel at the end of 2004, that a small computer games publisher with 11 staff was for sale. From 1996 to 1999 Christoph had co-built the German computer games business of Psygnosis, a Sony group company. 1999 he had co-founded CDV Software Entertainment AG took it public as MD in the CFO role in 2000 and co-managed it until end of 2001. Psygnosis and CDV were a big success during his time. So why not buy a small company and switch to the driver seat completely? Opportunities in the games hit business are large but so are the risks. Even more if you are a small challenger required to move ahead into innovative niches. Christoph bought the company beginning of 2005 together with Dirk, friends and family. Under the new name Frogster Interactive Pictures they have since focussed the company as one of the first in Europe on the growth market of virtual worlds, so called massively multiplayer online games. For the purists - Christoph was born 1967, has started his career with a "Banklehre" and holds a master degree in business admin from JW Goethe University in Frankfurt.