Arktos Entertainment Acquires Majority Stake in Hammerpoint Interactive

  Arktos Entertainment Acquires Majority Stake in Hammerpoint Interactive

Business Wire

LOS ANGELES -- December 18, 2012

Arktos Entertainment Group today announced the purchase of a majority stake in
developer Hammerpoint Interactive. The acquisition takes effect immediately
and involves the consolidation of all development resources, including teams,
intellectual property and technology, under the Hammerpoint brand and
positions Arktos solely as an investment/financing entity. Sergey Titov,
General Partner of Arktos Entertainment, will assume the role of General
Manager of Hammerpoint.

Hammerpoint Interactive is currently in active development on three titles,
including the popular, post-apocalyptic zombie MMO The War Z, which recently
celebrated the launch of its Foundation Release on Steam after attracting more
than 600,000 registered players, with over 150,000 playing daily, over the
course of its two-month closed beta. Hammerpoint’s next title will be
announced in early 2013 and is due for release in the third quarter of the
same year.

“After our initial investment in Hammerpoint, we found the team was able to
utilize our technology to develop in an efficient and effective manner,
hitting milestones well ahead of schedule for The War Z,” said Sergey Titov,
General Partner of Arktos Entertainment and now General Manager of Hammerpoint
Interactive. “We made the decision soon after the launch of War Z’s Alpha to
invest more into Hammerpoint and position it as our core developer of mid and
hardcore games from this point forward.”

About Hammerpoint Interactive

Hammerpoint Interactive was formed in 2011 by a team of experienced developers
looking to create a fresh experience in the online, multiplayer arena. Having
worked with large publishers, such as Electronic Arts and Activision, as well
as on multiplayer games, such as World of Tanks, the team possesses the
knowledge and skill to create multiplayer games that appeal to both hardcore
and mainstream gamers. The company is backed and financed by Arktos
Entertainment Group.

About Arktos Entertainment Group

Arktos Entertainment Group (www.arktosentertainment.com) is a privately held
Los Angeles based investment and holding company, providing investment as well
as creative and production management support for companies in the interactive
and online entertainment industries. Arktos Entertainment published and is
operating The War Z through OP Productions, LLC, a newly created subsidiary.

Contact:

VIM Global Consulting
Alex Josef, 310-961-4843
alexj@vimglobal.com
 
Press spacebar to pause and continue. Press esc to stop.