Accretive acquisition extends SilverBirch's foothold in game publishing
TORONTO, July 31 /CNW/ - SilverBirch Inc. (SVB: TSXV) announced today
that it has completed the acquisition of Lighthouse Interactive Game
Publishing B.V., a Netherlands-based international video game publisher with
offices in Montreal, Toronto and London, England.
Lighthouse was formed in 2005 by two successful industry veterans with a
combined 35+ year track record in the gaming sector. The company has published
over 20 games to date and generated $2,600,000 in revenues for the year ending
2007. Lighthouse is immediately accretive for SilverBirch, based upon an
approximate multiple of 1.2 times revenues paid for the acquisition.
In addition, Lighthouse announces it has secured the worldwide publishing
rights to the Massively Multiplayer Online Real-Time Strategy Game ("MMORTS")
Dawn of Fantasy (http://dawnoffantasy.com) developed by Reverie World Studios.
The game immerses players in an intense story of a battle for supremacy in the
magical realm of Mythador(TM) that include Dragons, Elves and Orcs. Lighthouse
co-founder, Erik Schreuder said, "We worked hard to make this happen, and
securing the publishing rights to such an amazing game is a fitting start to
the new relationship."
Wojtek Kawczynski, SilverBirch SVP, and General Manager of the gaming
unit added, "This is an unprecedented opportunity for a Canadian company to
become a fully integrated developer and publisher of games for all platforms
and genres, and to acquire a company with the reputation and stature of
Lighthouse is a real coup."
In other news, the Company announced that its board has approved the
granting of 500,000 options at $0.25 to Aberdeen Gould Capital Markets Ltd.
and 400,000 options at $0.25 to Bristol Capital Ltd. for consulting services.
Options will have a term of three years and will partially vest every three
months, subject to exchange approval.
About SilverBirch Inc.
Toronto-based SilverBirch is a fully integrated developer, publisher and
distributor of high quality interactive media content and, through its Jambo
Mobile division, provides mobile marketing and direct-to-consumer mobile
content. In addition, the company is a multi-platform video game developer and
operates an MMORPG (massive multiplayer online role-playing game) game called
Metin 2 (see www.metin2.us). For more information, please visit
About Lighthouse Interactive
Lighthouse Interactive Game Publishing B.V. is a fast growing publisher
of interactive entertainment with offices established in Toronto and Montreal,
Canada, Haarlem, The Netherlands and London, England. The company is focused
on bringing strong titles to the worldwide market in a wide array of genres
including: RPG, Simulation, Adventure, Action and Strategy. Staffed with
industry veterans, Lighthouse is the right choice for developers looking to
bring their products to a worldwide audience. For more information visit:
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or accuracy of the content of this news release.
For further information:
For further information: Derek van der Plaat, Chief Executive Officer,
SilverBirch Inc., Tel: (416) 621-6711 Ext 34, Email: firstname.lastname@example.org;
Paul Haber, SVP and CFO, SilverBirch Inc., Tel: (416) 621-6711 Ext 35, Email: