iEntertainment Announces Funding for Civilization's DawnPosted on Thursday, July 08, 2004 @ 07:29:08 pm E.S.T
iEntertainment Network (Pink Sheets: IENT) (IENT), an award-winning developer of high quality computer game titles, announces that is has received an LOI (Letter of Intent) for funding of Civilization's Dawn, the Massively Multiplayer Online Role Playing Game announced at the E3 show in May. The funding from the LOI will underwrite IENT's entire 30 month development schedule for Civilization's Dawn. The final funding arrangement, which will be through a European financial consortium, will be completed over the next two months.
IENT is reviewing numerous options for publishing Civilization's Dawn in the United States, Europe, and Asia. "Sid Meier and I experienced tremendous success when we first shipped Civilization at MicroProse," said JW "Wild Bill" Stealey, CEO of IENT. "The growing success of the Real Time Strategy game genre combined with our new massively multiplayer role playing features, could position Civilization's Dawn as one of the breakout games of 2006."
IENT expects to announce the publisher of Civilization's Dawn in September. "We want aggressive publishers who can assist IENT in reaching our retail sales goals in all parts of the world for Civilization's Dawn," added Stealey. "With our new funding in place the right publisher can have access to Civilization's Dawn retail successes without the traditional up front development expense."
The Publisher will need to guarantee an agreed level of retail success at one year from Civilization's Dawn's ship date. "The Publisher will have added a great new game to their product lineup with little or no risk except distribution risk," adds Mr. Stealey. "We think this type of funding, similar to how movies are currently funded, will enable Publishers access to bigger and better games like Civilization's Dawn."
Civilization's Dawn will require a staff of over 35 developers, an extensive Internet network to support online communities of hundreds of thousands of online players, and significant marketing to make the product one of the best games of the year. This funding allows IENT to produce the game with the highest game, graphic, and feature list imaginable in a Massively Multiplayer Online Role Playing Game. (MMORPG).
The title will be launched in retail stores around the world as well as online through the iEntertainment Network portal (www.IENT.com) and its partners in Europe and Asia. IENT currently operates two successful MMORPG's in North America, Helbreath and Savage Eden, through partnerships in Korea. IENT's Internet environment can manage over 200,000 individuals playing online simultaneously.
"Civilization's Dawn will be the ultimate in Nation Building games," said Stealey. "Players can make their own communities, towns, cities, or nations. The players can cooperate with other peoples, compete with other nations, or war with other countries. The game environment will let the player leaders make the world operate in the way they would like to see the World work. Civilization's Dawn will pay tribute to successful role-playing titles such as Everquest, Dark Age of Camelot, and Ultima-Online. The Nation Building features of the game will include many of the great building features found in great real time strategy titles such as Civilization, Warcraft and Command and Conquer."
Using IENT's Patent on Internet Gaming, Civilization's Dawn is being developed with a propriety Internet smoothing technology. Because of this Patented technology, thousands of individuals from around the world will be able to play simultaneously and seamlessly in the same gameplay environment.
About iEntertainment Network
iEntertainment Network, Inc. is a leading developer and publisher of online entertainment communities and operates its online game portal at http://www.ient.com/. Founded in 1995, IENT is most widely recognized for its dedicated online community and passion for creating realistic, engaging environments. WarBirds, IENT's premiere massively multiplayer flight simulation software, has won numerous awards around the world for "Best Online Simulation Game". Continuing on the success of WarBirds and its predecessors, IENT recently launched WarBirds 2004, further validating the company's commitment to provide the most exciting flight simulation experience available on the Internet today. IENT also operates role-playing games at http://www.savageeden.com/ and http://www.helbreathusa.com/ . IENT's casual games can be found at http://www.iamgame.com/ . IENT's online game portal includes over 35 different online games.
Patent Protected Technology - Establishing a mission to deliver cutting edge technology for the interactive entertainment industry, iEntertainment holds an Internet patent (Patent Number: 6,042,477), integral to the development and support of online gaming. The PATENT, entitled Minimizing Latency Technology, allows companies to develop their online communities with real-time integration and visuals. For more information on iEntertainment's total suite of online games or gaming technologies, please visit http://www.ient.com/ . Posted By: Kent Mackowiak - 207 Reads
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