Interplay Announces First Quarter 2004 Earnings And Future Direction (thanks Frans) is the press release announcing the latest financial results from the troubled game developer and publisher. The future direction they announce is "the company's strategic decision to enter Massively Multiplayer Online Gaming (MMOG) with Interplay's wholly owned intellectual properties." The announcement goes on to address what this means in light of the losses reflected in the accompanying balance sheet and recent reports that the company is on the verge of going under, while specifically mentioning Fallout as one of the properties they would like to take the massive route:

Commenting on the announcement, Mr. Caen said, "Based on a detailed review of where our industry stands and the level of interest in the gaming community in taking some of our premier properties online, we are now pursuing several options to fund our entry into Massively Multiplayer Online Gaming with titles including Fallout. Initial feedback from our investment bank and ongoing dialogue with others in the gaming sector appear to confirm that the combination of our valuable and popular intellectual properties with the rapidly growing online gaming community is the best way to maximize Interplay shareholder value."

Mr. Caen continued, "As outlined in our 10-Q filing, several short-term obstacles remain for Interplay. Management is focused on simultaneously financing and executing our new long-term strategy and finding ways to solve these short-term issues."

Mr. Caen added that the company would likely continue to develop select games for personal computers and next generation gaming consoles as well as develop purely online games.