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Kalypso Media confirms acquistion of Ascaron assets and the foundation of a new development studio!

E3- Los Angeles, June 3rd 2009

Kalypso Media can today confirm that an agreement for the acquisition of most brands, intangible assets and exploitation rights of insolvent Ascaron Entertainment GmbH- has been signed with the German administrators, Pielemeyer & Welsch.

Kalypso will take over the full rights of the famous Ascaron brands, such as “DarkStar One”, “Patrician” or “Port Royale”, though a few existing license agreements held by Ascaron UK will stay with the Ascaron until expiration.

Moreover, the German publisher will hold a majority of share of a new studio which will be established mutually with former Ascaron lead designers Kay Struve and Daniel Dumont. The 12 ex-employees of Ascaron will be employed at the new studio to continue the high-quality development of console and PC products.

Simon Hellwig, Managing Director of Kalypso explains: “We are very proud of this deal, which allows us to continue the development of well-known brands, to create a high potential of further growth and to secure some of the teams jobs as well.”

More details and information about the new studio and the products to be developed will be announced soon.

About Kalypso Media

Specialising in the publishing of interactive media – primarily computer games - Kalypso Media was founded in summer 2006 by industry veterans Simon Hellwig and Stefan Marcinek. A year later, the sister company Kalypso Media UK Ltd. was opened in England and is now led by Andrew Johnson and Charlie Barrett, two experienced members of the Kalypso Media Group management team.