IT Territory Acquires License for Simutronics' HeroEngine for Its Upcoming Fantasy...

Mon Feb 18, 2008 10:15am EST

* Reuters is not responsible for the content in this press release.

IT Territory Acquires License for Simutronics' HeroEngine for Its Upcoming Fantasy MMO Game

GAITHERSBURG, Md.--(Business Wire)--
Simutronics announced today that IT Territory, the number one
online game company in Russia, has licensed the Simutronics'
HeroEngine platform to develop its new MMO title.

   Today MMO games are one of the fastest growing segments of the
video game market bringing in billions of dollars in global revenues.
According to DFC Intelligence, by 2011 global revenues from online
games may reach $13 billion USD per year. Millions of people all
around the world socialize and compete with each other in the virtual
worlds of EverQuest, World of Warcraft, Lineage and other popular MMO
games.

   "We want to push forward the development of online games in
Russia,"- says Igor Matsanyuk, the President of IT Territory. "We've
selected Simutronics' HeroEngine because it has a complete tool set
and has the best solutions and environment for developing a top-notch
MMO title. We wanted to see the results of our work fast, and our team
needed a technology that was both sophisticated in its results and yet
easy enough to work with! Thus HeroEngine was a perfect fit for us."

   Simutronics first launched HeroEngine as a licensed development
platform in 2006 after five years of development. Since that time the
Simutronics team has added dozens of new features and integrated key
technologies from the leading middleware vendors in the videogame
industry. HeroEngine is being used worldwide by development teams
looking for faster time to market through the HeroEngine's unique
collaborative development as well as its unique tools for rapid
prototyping and world building and its content pipeline that is
optimized for the needs of MMO development teams.

   "IT Territory is at the forefront of online multiplayer game
development in Russia. We are excited about their project and we are
thrilled that HeroEngine is going to be a key technology as they go
forward," said David Whatley, Simutronics founder and CEO and one of
the creators of HeroEngine.

   Simutronics is exhibiting HeroEngine and related technologies this
week at the Game Developers Conference in San Francisco, North Hall
booth 6405.

   About Simutronics

   Simutronics Corp. is a leader in the business of massively
multiplayer games. Incorporated in Virginia, Simutronics has offices
in the St. Louis, Missouri and Washington DC areas with more than 300
employees and contractors around the world. Its HeroEngine platform is
a complete turnkey system that includes an advanced graphical client
for the player, a robust server platform, the HeroBlade integrated
tool set for the development team, and even a back office solution for
billing and customer service. It is designed from the ground up to
support a highly dynamic editing environment. For more information on
HeroEngine visit: www.heroengine.com. Corporate information is
available at: www.play.net/corporate.

   About IT Territory

   IT Territory is the number one game company on the Russian market
with over 5 million people playing its MMO games. Founded in 2004, IT
Territory has been a developer and publisher of MMO games and casual
games while developing the leading game distribution network in Russia
and Eastern Europe. IT Territory has launched 13 MMO games, including
the number one Russian online game <> and
the highly successful MMORPG <>. IT Territory owns the
largest Russian gaming portal Games.Mail.Ru which was created in
conjunction with Mail.Ru. By the end of 2008 IT Territory is planning
to release 7 new MMO titles in various genres, including role-playing
games, social games and strategies. It's also planning to localize 3
client-based online games and will launch its own online payment
system called Game Money.

Simutronics:
Neil Harris, +1 301-641-8510
neil@simutronics.com
www.heroengine.com
or
IT Territory:
Dmitry Nozhnin, +7 495-952-0765
dmitry.nozhnin@it-territory.ru
www.it-territory.ru

Copyright Business Wire 2008