JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
JoWooD announces first License Agreement for 2005/2006 line-up

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JoWooD has closed its first Agreement for the upcoming line up with Game Factory Interactive Ltd.

The Agreement, based on a license and royalty model, includes the major titles for next year’s portfolio with a minimum guarantee of USD 1,000,000,00 for Russia’s former USSR territories. JoWooD will face no further expense as Game Factory Interactive Ltd. will be responsible for manufacturing, marketing and any other product related costs.  This Agreement represents JoWooD’s favourable business model for the future.

Game Factory Interactive Ltd. has been a well known partner of JoWooD, but until now both companies have not been able to enter an Agreement of this magnitude.

"We are very happy about JoWooD’s decision to continue the relationship with Game Factory Interactive and its exclusive distribution partner Russobit-M.  This year’s line up is by far the strongest JoWooD has ever had.  The success of the ‘Giant’ series, as well as SpellForce and Gothic promises great potential for titles like Hotel Giant 2, SpellForce 2 and especially Gothic 3" said Viacheslav Plotnikov of Game Factory Interactive Ltd.

This license-based transaction preludes further agreements of the up-coming 2005/2006 line-up.  With this action JoWooD underlines it’s ambition of a 7 step action-plan regarding the  expansion into new markets along with the migration to a ‘license deal’ business model.

Moreover, and aside from new agreements, JoWooD will concentrate on core-issues and the conversion of deficits within the company, including the analysis and the increase of efficiency of internal organizational processes and controlling.

end of announcement                                euro adhoc 30.03.2005 17:41:55

Further inquiry note: JoWooD Productions Software AG Dr. Albert Seidl, Vorstand Mag. Oliver Ruetz, Investor Relations Tel.: +43 (0)3614 2966 1016

Branche: Software
ISIN:      AT0000747357
WKN:        074735
Index:    WBI, ATX Prime, ViDX
Börsen:  Berliner Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Wiener Börse AG / official dealing

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