Nival Interactive | Nival

NIVAL INTERACTIVE EXPANDS OPERATIONS WITH ACQUISITION OF TARGEM GAMES

Ft. Lauderdale, FL – May 12th, 2005 – Nival Interactive, a leading
international video game developer, headquartered in the United States, is
pleased to announce its purchase of a controlling interest in Targem
Games, one of Russia’s leading game developers. The deal is part of
Nival’s competitive strategy to create a global video game development
company that will produce next generation console and wireless games with
universal appeal, while maintaining its strong position in the PC game
market.

“We are actively seeking acquisitions and partnerships with the best
developers in order to share our resources, expertise and contacts to
produce world-class software entertainment. By combining Targem’s talented
team with ours, we can more aggressively pursue our goal of producing
next generation console titles, while continuing to produce world-class
PC games,” said Sergey Orlovskiy, president of Nival Interactive.

Stanislav Skorb, president of Targem Games, added, “This is an exciting
opportunity for Targem and one that will enable the team to implement
more of our creative ideas, while leveraging the resources and expertise
of Nival. We have terrific creative synergy and are excited about
working on more projects together.”

About Nival Interactive
Nival Interactive is an international video game developer with a staff
of over 180 employees. The company’s corporate offices are located in
Fort Lauderdale, Florida, and its main creative studio is based in
Moscow, Russia. Recently, Nival’s critical and commercial success is best
represented by the Blitzkrieg and Silent Storm series. Current projects
include Heroes of Might and Magic V, Blitzkrieg II, Night Watch and
Hammer & Sickle as well as several unannounced projects. At this year’s
Russian Game Developers Conference, Nival received “Best Developer 2005”
and Heroes of Might and Magic V was named “Best Game 2005.” For more
information about Nival Interactive, please visit www.nival.com

About Targem Games
Targem, founded in 2002, is based in Ekaterinburg, Russia. With a team
of 40, Targem has produced titles for the PC, Pocket PC & Mobile
platforms. Their current projects include Hard Truck: Apocalyptic Wars, an
Action RPG set in a post-apocalyptic world where semi trucks have
become the only way to survive, as well as a yet unannounced title in
partnership with Nival Interactive. For more information about Targem Games,
please visit www.targem.ru