Presidential Appointment

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PRESS RELEASE
O~3 Entertainment Promotes Chris Jelinek to President

Jelinek reaffirms commitment to independent developers, reveals new directions

SANTA CLARA, CA June 29, 2005 O~3 Entertainment, an interactive entertainment publishing and distribution company, today announced that Chris Jelinek has been promoted to president. Previously vice president of sales and marketing, Chris takes the reins from Bill Gardner who has left the company to pursue other interests. Under the new leadership, O~3 plans to continue their strategy of forming strong relationships with independent developers, and place a greater emphasis on key relationships in Japan and other Asian countries and in Europe. The company has several titles planned for release in late 2005. O~3 also has plans to expand into the mobile entertainment space by leveraging exciting new technologies.

"We've had some tremendous successes over the past year in working with several independent developers and we intend to continue with that strategy," said Chris Jelinek. "Entering our second year, we also have some exciting plans in the works concerning proprietary technologies in mobile entertainment, and we'll be ready to divulge more details about that very soon."

The company was founded with a commitment to seek out titles from small and mid-size developers and providing complete publishing functions to get them to market - including sales and distribution, marketing and public relations, and more operational elements like replication, warehousing and shipping. The executive team at O~3 Entertainment has extensive experience in all areas of video game development, retailing, publishing and distribution, and they use their knowledge, key relationships and contacts to provide a new and distinct method for small and medium-sized developers to publish and distribute fresh game content.

About O~3
O~3 Entertainment is an interactive publishing and distribution company, established to bring to the retail marketplace dynamic videogames from independent studios located all over the world. The company has been founded by a group of highly experienced game industry veterans. O~3 Entertainment is based in Santa Clara, California. For more information visit www.o3entertainment.com