TORONTO, July 3 /CNW/ - SilverBirch Studios, a member of the SilverBirch Inc. (TSX-V: SVB) group of digital media companies, and G4Box today announced further record sales for the Metin2 Online Multi-Player Game.
Metin2 (www.metin2.us) posted a new single week sales record of $48,800, and over $8,600 for a single day's sales in the third quarter. This represents a 53% increase over the previous quarter's highest one week sales of $32,000.
"Metin2 continues to perform as expected," said Wojtek Kawczynski, Senior Vice President, SilverBirch Studios. "Based on this level of momentum, I expect it will be a strong contributor to our 2009 revenues as well."
Metin2, a 3D fantasy game involving a medieval battle of empires, is a leading title in the Massive Multiplayer Online Role-Playing Game ("MMORPG") genre, one of the fastest-growing segments of the online game market. It is part of a worldwide online game market that DFC Intelligence reports is forecasted to grow from US$3.4 billion in 2005 to over US$13 billion in 2011, 55 percent of which will be derived from MMORPG games.
In other news, SilverBirch Inc. received TSX approval on June 30th to issue 23,750 common shares, priced at $0.40 per share, to Red Dawg Holdings Inc., in settlement of accounts payable, in accordance with a contractual agreement.
About SilverBirch Inc.
Toronto-based SilverBirch Inc. 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 game called Metin 2 (see www.metin2.us). For more information, please visit www.silverbirchstudios.com and www.jambomobile.com.
About G4BOX Inc.
G4BOX is a publisher and distributor of interactive entertainment media in North America. The company offers a portfolio of diversified entertainment content that is accessible via the internet. G4BOX Inc.'s vision is to become a premier content provider in the explosive worldwide market where they are concentrating creative and technical efforts on introducing new and exciting MMORPG products from Asia to North America.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this news release. 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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