Read Larry Connors' blog – Short Term Trading Strategies
SilverBirch Inc. (TSX-V:SVB) and G4Box Inc. have launched the closed beta of the highly-anticipated free to play online game Cross Fire, the companies announced today. The closed beta of Cross Fire (www.crossfire-en.com), is an award-winning, free-to-play, online military first-person shooter game for PCs. The 10,000 closed beta keys available were oversubscribed and gone in less than 10 hours.
The closed beta, which went live on November 7th, will run for approximately one month. During this time, Cross Fire will offer gamers an opportunity to play one of four high adrenaline game modes prior to the open beta planned for December 2008. The commercial launch is scheduled for January, 2009. Gamers can to continue to download the game for free at: www.crossfire-en.com
"The response to the English version of Cross Fire has far exceeded our expectations," said Kevin Astle, Interim President and CEO of SilverBirch. "Cross Fire's fast-paced action, superb graphics and compelling features have already made it a hotly anticipated game among English-language gamers."
Prior to going live, the Cross Fire website received more than 1,900,000 hits leading up to the launch. Two-thirds of these hits originated from the United States. In Asia, Cross Fire is already a runaway hit. In less than 9 months, The Asian version has achieved tens of millions of registered players and has reached in excess of 500,000 concurrent users playing the game online at the same time.
"Cross Fire has been a huge success in China, Japan, Vietnam and other Asian markets," said Howard He, CEO of G4Box, noting that the game is now more popular in Vietnam than World of Warcraft. "Based on the positive initial response from North American gamers, we look forward to replicating this success for the English-language version."
SilverBirch and G4Box hold the English language rights to Cross Fire in North America and the UK, and hold further rights to the game in Europe.
The Cross Fire story line features two international mercenary forces locked in a global struggle. Players assume the role of either a Black List terrorist or Global Risk mercenary, and then join an online team that must work together to complete objective-based scenarios. The game has four online modes: Team Death Match, Team Match, Annihilation Match and the all-new Ghost Match. Based on their performance in-game, players will receive experience points and be promoted through various military ranks. More information on the game, including a movie simulation, can be found at http://www.crossfire-en.com/movies.aspx.
Revenue opportunities are generated through Cross Fire's in-game item shop, where players can customize their character's equipment and appearance by making online purchases. The game's English-language version is expected to begin generating revenue shortly after the commercial launch goes live in January 2009.
Cross Fire is part of a worldwide online game market forecasted by DFC Intelligence to grow from US$3.4 billion in 2005 to over US$13 billion in 2011. Fifty-five percent of that growth will be derived from MMORPG (massive multiplayer online role-playing) games. Cross Fire has been selected as one of the PC titles to qualify the China team for the World Cyber Games (WCG) competition to be held in China next year. Other PC titles selected for the tournament include Warcraft III and Starcraft. The WCG tournament (www.worldcybergames.com) is the largest gaming event in the world.
About SilverBirch Inc.
Toronto-based SilverBirch Inc. is a leading digital entertainment company operating in the fastest growing sectors of the video game market. The Company's video game operations include SilverBirch Studios, a video game developer; Red Mile Entertainment, a San Francisco based publisher of console games such as Heroes Over Europe and the exclusive worldwide license holder for Sin City; Lighthouse Interactive, a Netherlands-based publisher of PC games; and a co-venture with G4Box Inc. to operate licensed English language online multiplayer games. For more information see www.silverbirchinc.com.
About G4Box Inc.
G4Box was founded in September 2004 in Markham, Ont. Its primary business is in the distribution of MMORPG games. The company is a wholly-owned subsidiary of 568 Network Inc., a Markham based developer, publisher and distributor of games that also partners with CryptoLogic Inc. in online casino and poker games for the Chinese market. For more information on G4Box, please visit www.g4box.com.
<< Cautionary Notes: The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this news release. *The acquisition of Red Mile Entertainment is expected to close in early 2009, subject to shareholder, legal and regulatory approvals. >>
%SEDAR: 00020946E
SOURCE: SilverBirch Inc.
Kevin Astle, Interim President and CEO, SilverBirch Inc., Tel: (416) 621-6711 Ext. 34, kastle@silverbirchinc.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
