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.
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