Stillfront Group AB: Clarification regarding: Simutronics' co-publisher Tilting Point closes China distribution deal for SIEGE: Titan Wars with Sky-mobi Limited
July 6, 2017
Clarification regarding: Simutronics' co-publisher Tilting Point closes China distribution deal for SIEGE: Titan Wars with Sky-mobi Limited
June 30, 2017, Stillfront Group (publ) ("Stillfront") published a press release regarding a distribution deal for China, Taiwan, Hong Kong and Macau for the game SIEGE: Titan Wars. As stated in the press release dated June 30, 2017, the distribution deal has been made between Skymobi, a leading mobile app platform and games publisher in China, and Tilting Point, Simutronic's publishing partner.
Stillfront would like to clarify the following: The distribution deal is of major strategic importance for Stillfront as it is in practice a necessary, but not sufficient, prerequisite to have a local distributor to succeed primarily in the Chinese market. According to the distribution deal, Skymobi will carry the marketing costs in the markets covered by the distribution deal. Simutronics implements a minor update to SIEGE: Titan Wars to adapt it to the Skymobi app platform. In accordance with the distribution deal, a profit sharing between Skymobi and Tilting Point takes place, where Skymobi receives a larger portion of the revenues than Tilting Point. Tilting Point's share of this profit share is in turn with shared with Simutronics, which is a subsidiary of Stillfront.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
Sten Wranne, CFO at Stillfront
Phone: +46 705 851258
Stillfront is a group of independent creators, publishers and distributors of digital games - with a vision to become the leading group of indie game creators and publishers. Stillfront operates through seven near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, Simutronics in the United States, Babil Games in UAE and Jordan and eRepublik Labs in Ireland and Romania. Stillfront's games are distributed globally. The main markets are France, UK, Germany, the United States and MENA. For further information, please visit www.stillfront.com.
Stillfront's portfolio includes games across multiple platforms. Unravel, developed by Coldwood in collaboration with Electronic Arts, won 20+ awards at E3 and gamescom and was released in February 2016. Supremacy 1914 and Call of War are high-immersion war strategy games developed by Bytro Labs. ManagerZone is a sports management strategy game launched in 2001. DragonRealms and GemStone IV are MUD-style games with a very loyal player base. Lara Croft Relic Run(TM) is a popular mobile game developed by Simutronics. Tank Storm and Admiral are mobile strategy games with very strong player bases, which are published by Babil Games. World at War is a successful mobile strategy game developed and published by eRepublik Labs.
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This information is information that Stillfront Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 19.30 CEST on July 6, 2017.