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United Kingdom 06/02

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JoWooD to Acquire DreamCatcher

This press release (thanks Mike Martinez) announces European publisher JoWooD's intentions of moving into the North American market with the takeover of Canadian publisher DreamCatcher:

Liezen, Austria/Toronto, Kanada: JoWooD Productions Software AG (ATXPrime: JWD) announces that it has entered into an agreement to acquire Canadian based video games publisher, DreamCatcher Inc. This acquisition will provide JoWooD with direct access to every major retailer of PC and video games in North America. In addition, JoWooD will own America's #1 publisher of Adventure games further underlining JoWooD’s commitment to strengthen and broaden its distribution capacity through a proven and established network and to deliver compelling PC and video games to consumers worldwide.

"Acquiring DreamCatcher perfectly aligns with JoWooD’s strategy to deliver high-quality computer and videogames globally. We are looking at DreamCatcher as our North American counterpart and there are numerous and important synergies waiting to be exploited by all of us" says Albert Seidl, CEO of JoWooD Productions Software AG.

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