Latest SilverBirch addition to publish games for Wii(TM) and Nintendo DS(TM)
TORONTO, Aug. 18 /CNW/ - Leading videogame publisher Lighthouse Interactive, part of SilverBirch Inc.'s (SVB:TSXV) video game division, announced today that it has signed a publisher licence agreement with Nintendo of Europe GmbH to publish and develop products on Wii(TM) and Nintendo DS(TM) platforms.
Steve Wall, Cofounder and Vice President of Lighthouse Interactive said, "This is a significant milestone in the continued growth of the company. It gives us the opportunity to further expand our product catalogue and take Lighthouse Interactive to the next level. We look forward to working with Nintendo."
In other news, SilverBirch Inc. announced that further to its earlier press release, issued July 31, 2008, the company has entered into an investor relations contract with Bristol Capital Ltd. Bristol Capital Ltd. will provide the Company with introductory investor meetings, help develop presentations, and assist in the preparation and distribution of related press releases.
The term of the agreement is thirty-six months with the bulk of the services to be provided in the first year. During the first year, the Company will pay a monthly fee of $10,000. The cash compensation is in addition to the grant of stock options that was previously disclosed.
About SilverBirch Inc.
Toronto-based SilverBirch Inc. is a leading digital media company operating in the fastest growing sectors of the video game and mobile markets. The company's video game operations include SilverBirch Studios, a mobile and handheld video game developer, Lighthouse Interactive, a publisher of interactive entertainment based in the Netherlands, and a co-venture with G4Box Inc. to operate licenced English language online multiplayer games. In its mobile division it provides mobile marketing services through Jambo Mobile Solutions and mobile content by way of an investment in CrossRoad Mobile. For more information see www.silverbirchinc.com.
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Forward-Looking Statements - Certain information set forth in this news release, including management's assessment of future plans, contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond management's control, including the impact of general economic conditions, industry conditions, and currency fluctuations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
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