SPLITFISH RESTRUCTURES WITH NEW LEADERSHIP AND INCREASED PRODUCTION OF GAME CONTROLLERS

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Thursday March 05, 2009

 
     
     

 

 

SPLITFISH RESTRUCTURES WITH NEW LEADERSHIP AND INCREASED PRODUCTION OF GAME CONTROLLERS

LadyDragon - Zurich, Switzerland -- SplitFish AG (SplitFish), designer of PlayStation®3

first-person-shooter (FPS) console controllers, announced that it's board has

appointed Werner Demetz as President as part of an in-depth restructure that

includes a recapitalization increasing the amount of shares from 30 million to

50 million, with a significant portion of new shares owned by management and

Living Picture Ltd., the worldwide exclusive distributor for SplitFish. In

addition, SplitFish resumed production of its FragFx V2, at a new site, increasing

capacity for the popular FPS controller.

"The new FragFxhas been enthusiastically received by those who have seen it in Asia and Europe,"

said Demetz. "Now we're back on track, filing

patents and going into a positive future with business partners, shareholders

and gamers for the U.S. launch."

The increase of the share capital and new management provides

SplitFish with strong direction and financial footing moving forward.

Splitfish published the first version of the FragFX FPS controller for the

PlayStation®3 back in October 2007. The peripheral achieved overwhelming

success with the media, consumers and at retail. Demand far exceeded supply,

and Splitfish spent 2008 improving their product design, increasing production

capacity and fulfilling back orders. Additionally, Splitfish made key personnel

and business changes in 2008 included the removal of VP sales Kevin Rennie, Nan

Lui and Nabon Corp. and the Board accepted the resignation of Ken Tetterington

at the end of September 2008.

About

SplitFish

SplitFish is a developer of original patent pending video game hardware

technologies that include the FragFX controller, EyeFX 3D Adapter, EdgeFX

Controller, MotionFX Tilt-sensing Adapter, GlideFX Trackball Controller, and

the DualFX Laser Gun. More information is available on the company web site: http://www.splitfish.com

 
     
 

 

 
 
     
 

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