FOR IMMEDIATE RELEASE
SAN JOSE, Calif., November 10, 2005 — GLOBAL VR, a leading manufacture of out-of-home video game products for the coin-operated industry announced a worldwide licensing agreement with Ubisoft, one of the world’s largest video game publishers. Under the agreement, Ubisoft will give GLOBAL VR the technology and rights to develop two of Ubisoft’s video game properties for coin-operated video game machines.
When asked about what this agreement means to GLOBAL VR and to the coin-op industry, Jim DeRose, GLOBAL VR’s President and CEO, commented, “Distributors and operators in the coin-op industry have long been saying that innovation is what’s necessary to help reinvigorate the coin-op industry, and they are right.” He went on to say, “We believe that we have found the products and the technology that will be the backbone for the innovative products that our industry expects. We are confident that the collaboration between GLOBAL VR and Ubisoft will help create the enthusiasm around coin-op gaming that has, for the past several years, been associated with home gaming.”
“Bringing Ubisoft’s products to the coin-op market is extremely exciting,” said Jay Cohen, vice president of publishing at Ubisoft. “Playing video games in arcades and entertainment centers is a part of most everyone’s life. We intend to do all we can to help GLOBAL VR deliver the most exciting, coin-operated video games the industry has seen in years.”
Details on the agreement and GLOBAL VR and Ubisoft products are undisclosed.
For more information about GLOBAL VR and GLOBAL VR products please call your local sales representative or visit www.globalvr.com.
*Tournaments are not sponsored or administered by Electronic Arts or its Licensors.
Founded in 1998 and headquartered in San Jose, California, GLOBAL VR® is the world's leading manufacturer of coin-operated video games based on home gaming technology. GLOBAL VR® is leveraging massive investment in development of home games and triggering a renaissance in the out-of-home video game industry. GLOBAL VR® has development agreements with the world's leading game publishers Electronic Arts (NASDAQ:ERTS), Atari (NASDAQ:ATAR) that provide exclusive rights to create coin-op versions of popular home games such as EA SPORTS™ PGA TOUR® GOLF, NEED FOR SPEED™, Beach Head and Operation Blockade.
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