MINNEAPOLIS, MN — (Marketwired) — 04/24/15 — (OTCQB: SOUL) (“The Company”), a video and computer games company, announced today it has signed Missouri-based development studio to develop entertainment apps based on licensed brands and original Soul and Vibe Intellectual Property (“IP”). The Agreement represents the first Development-Publishing Agreement between Soul and Vibe and Black Lantern, though the principles of both companies previously worked together on several successful interactive games based on the John Deere and Iron Chef America brands, which were published on Nintendo-branded hardware platforms.
Under the terms of the new Agreement, Black Lantern will develop a line of four (4) entertainment apps for Soul and Vibe. It is anticipated that the first of these four products will launch during the late 3rd Quarter / early 4th Quarter of 2015. Additional products in the line are anticipated to launch, one per quarter, through the 2nd Quarter of 2016. Each entertainment app will be released on iPhone, iPad, and iPod Touch, as well as on Android platform devices (via Google Play and Amazon). A provision to potentially expand the list of supported product platforms to include Microsoft–s Windows Phone and Surface Tablet exists, as well.
“Our publishing focus is to develop and launch an expanded, diversified, product line-up that consists of both games and entertainment apps,” stated Soul and Vibe–s CEO and President, Peter Anthony Chiodo (“Tony”). “Black Lantern has created a proprietary tech platform that has launched numerous successful licensed-brand entertainment apps over the last two years. We feel the tech platform is a solid fit for our licensed brands, such as John Deere, and a great way to expand original Soul and Vibe IPs, such as our forthcoming SirVival game, which was teased earlier this week.”
Specific details on the entertainment apps Black Lantern will be developing for Soul and Vibe will be unveiled during the summer. Additional details regarding SirVival, as well as a formal announcement about the game itself, are anticipated over the next several weeks.
Soul and Vibe Interactive Inc. (also Soul & Vibe Interactive Inc. on ) is a publisher of games and games-related content for consoles, mobile devices, and personal computers addressing a $56 billion market projected to grow to $82 billion by year-end 2015. The Company specializes in the creation of original intellectual properties and has extensive experience licensing world-renowned brands from influential companies. Soul and Vibe has license agreements with and , and game development and publishing agreements for the video game and entertainment system, Windows 8, Windows Live, and Windows Phone from , and the PlayStation® 3 computer entertainment system and PlayStation® Vita (PS Vita) from . Through partnerships with technically sophisticated software developers located all over the world, Soul and Vibe transforms unique concepts into engaging, highly accessible, and affordable games and entertainment experiences. .
Black Lantern Studios, Inc. is an independent interactive entertainment software developer for consoles, handheld, mobile devices, and the PC. Founded in 2003 and headquartered in Springfield, Missouri, Black Lantern is committed to providing the highest quality, richest, and most satisfying gaming experience to its customers, and delivering value to its publishers and partners. For more information about Black Lantern Studios, please visit or e-mail .
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, trends, analysis, and other information contained in this press release, including words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” and other similar expressions of opinion, constitute forward-looking statements. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company–s reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company–s estimates as of the date of the press release, and subsequent events and developments may cause the Company–s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company–s estimates of its future financial performance as of any date subsequent to the date of this press release.
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