>>>>NEWS! NASDAQ:ADRN -- formerly LUST, LUSTW
Adrenalin Interactive Announces Licensing Agreement for Pink Panther Hokus Pokus Game
LOS ANGELES--(BUSINESS WIRE)--June 18, 1998--Adrenalin Interactive Inc., (NASDAQ:ADRN - news) formerly Wanderlust Interactive Inc., announced today it has signed an exclusive two-year licensing agreement with Anglia Multimedia. Anglia will distribute Adrenalin's second title, The Pink Panther(tm) in Hokus Pokus Pink(tm) in the United Kingdom and Ireland. The Company will receive an advance royalty payment prior to the release of the game in September 1998.
Along with Passport to Peril(tm), these two Pink Panther games have reached sales of over 100,000 copies and are licensed in 24 countries and in 15 different languages. Both games have also won several international awards.
Jay Smith, Chairman and CEO of Adrenalin, noted, ''As one of Great Britain's largest CD-ROM publishers, we are very excited to be working with Anglia. With the additional support of its parent company, United News & Media PLC, Anglia can access the television and print media owned by United to reach a large audience in its target markets. And,
as one of the top 20 media companies in the world, United can help to bring The Pink Panther(tm) in Hokus Pokus Pink(tm) to the interactive world of the home computer.''
Adrenalin Interactive Inc. develops and licenses console video games for Sony, Nintendo and Sega consoles, entertainment titles on PC computers, and internet ''play-to-win-cash'' games for the World Wide Web. The Company also develops and licenses Electronic Toys and creates interactive television games for digital set-top boxes. In February 1997, the Company acquired the operations of Western Technologies, a well-established video and computer game developer and electronic toy designer, which has done business as
Adrenalin Entertainment or Western Technologies since 1980.
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the Company's control, which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the Company's periodic filings with the Securities and Exchange Commission. |
