To : THE INVESTING PUBLIC AND TRADING PARTICIPANTS
Company : IP E-GAME VENTURES, INC.
Voluntary Trading Halt
Date : February 14, 2012
IP E-Game Ventures, Inc. (“EG” or the “Corporation”), in the attached disclosure dated February 14,
2012, stated that:
Company : IP E-GAME VENTURES, INC.
Voluntary Trading Halt
Date : February 14, 2012
IP E-Game Ventures, Inc. (“EG” or the “Corporation”), in the attached disclosure dated February 14,
2012, stated that:
IP E-Game Ventures Inc. (E-Games), the listed online gaming subsidiary
(PSE:EG) of IP Ventures, Inc., and Level Up! Inc. (LUI), have reached an
agreement to merge their Philippine online game publishing businesses. On
February 14, the parties signed an agreement stating that most of E-Game’s titles
and assets relating to its game publishing business will be transferred to LUI and
the publishing operations of said titles will be merged into LUI’s associated online
game publishing company, Playweb Games Inc.
In exchange, E-Games will receive equity in LUI, a commercial interest in Playweb
Games Inc. (game publisher and operator of all game titles and services under the
Level Up! brand in the Philippines), and a cash consideration. The parties shall
work in good faith to complete the deal. The appropriate disclosures and
comprehensive statements shall be made at the appropriate time.
E-Games and LUI, as a merged entity, is expected to strategically benefit both
companies as a result of future operational synergies and savings.
. . . .
Likewise, attached in the disclosure is the Corporation’s press release on the matter.
In relation thereto, the Corporation, in a separate letter, requested the Exchange for a voluntary
trading halt of its shares. The Corporation stated that:
In relation to the corporate disclosure of IP E-Game Ventures, Inc. (“EG” or the
“Corporation”) entitled “EG and Level Up Combined Philippine Online Game
Publishing Businesses”, and in order to give the public sufficient time to digest the
said disclosure, the Corporation requests for a trading halt effective immediately
and to be lifted one hour after dissemination.
(PSE:EG) of IP Ventures, Inc., and Level Up! Inc. (LUI), have reached an
agreement to merge their Philippine online game publishing businesses. On
February 14, the parties signed an agreement stating that most of E-Game’s titles
and assets relating to its game publishing business will be transferred to LUI and
the publishing operations of said titles will be merged into LUI’s associated online
game publishing company, Playweb Games Inc.
In exchange, E-Games will receive equity in LUI, a commercial interest in Playweb
Games Inc. (game publisher and operator of all game titles and services under the
Level Up! brand in the Philippines), and a cash consideration. The parties shall
work in good faith to complete the deal. The appropriate disclosures and
comprehensive statements shall be made at the appropriate time.
E-Games and LUI, as a merged entity, is expected to strategically benefit both
companies as a result of future operational synergies and savings.
. . . .
Likewise, attached in the disclosure is the Corporation’s press release on the matter.
In relation thereto, the Corporation, in a separate letter, requested the Exchange for a voluntary
trading halt of its shares. The Corporation stated that:
In relation to the corporate disclosure of IP E-Game Ventures, Inc. (“EG” or the
“Corporation”) entitled “EG and Level Up Combined Philippine Online Game
Publishing Businesses”, and in order to give the public sufficient time to digest the
said disclosure, the Corporation requests for a trading halt effective immediately
and to be lifted one hour after dissemination.
Given the foregoing request of the Corporation, the Exchange implemented a halt on the
trading of EG shares today, February 14, 2012, which commenced at 11:12 A.M. and will be
lifted at 1:42 P.M.
trading of EG shares today, February 14, 2012, which commenced at 11:12 A.M. and will be
lifted at 1:42 P.M.
The Exchange will inform the Trading Participants and the investing public of further developments
on the matter.
For the information and guidance of the investing public.
(Original Signed)
MARSHA M. RESURRECCION
Head, Issuer Regulation Division
ginal Signed)
HNoted by:
(OriANS B. SICAT
President and CEO
This is the letter of disclosure on the PSE between the level up games and the e-games.
This is the link http://www.pse.com.ph/resource/disclosures/2012/pdf/dc2012-1326_EG.pdf
What will be next game that will hit the filipino online gamers to be addicted?
