News > Playlogic Teams With Spencer Clarke
August 9, 2007
Playlogic Entertainment, Inc. Retains Spencer Clarke LLC as Investment Banker
(Amsterdam, the Netherlands) August 8, 2007 - Playlogic Entertainment, Inc. (OTCBB:PLGC) announced that it has entered into a strategic partnership with Spencer Clarke LLC, a New York-based, full service investment banking and retail brokerage firm. Spencer Clarke will provide investment banking and financial advisory services including assisting Playlogic with capital market opportunities, raising visibility and heightened investor relations.
“It is a great opportunity for Playlogic to be working with a highly regarded firm like Spencer Clarke.” comments Rogier W. Smit, Playlogic’s Executive Vice President. “Their representatives arrived in Amsterdam and showed their desire to understand our specific needs. We feel this approach could positively contribute to our exposure and growth.”
“We are very content that Spencer Clarke will be assisting us in the future growth of Playlogic. It’s a partnership and alliance that brings us extensive industry experience which assists us beyond a capital raise.” comments Wilbert Knol, CFO of Playlogic. “It’s an exciting time for the industry, an exciting time for Playlogic and Spencer Clarke has stepped in at the right time.”
“We are delighted to work with the Playlogic management team as it seeks growth capital and alliances that will help the firm expand within the worldwide gaming industry. This is the fastest-growing entertainment media segment during the next five years. Global video game spending will increase to $55.6 billion in 2008, at a 20.1 percent CAGR according to PricewaterhouseCoopers.” notes Geoffrey Finkel, Vice President of Investment Banking at Spencer Clarke.
“The company has demonstrated its ability to bring quality games to market, and has an exciting line up.” added Joseph Turpin, Vice President of Investment Banking at Spencer Clarke. “Furthermore, as one of a limited number of publishers on all of the major platforms, they are in an excellent position to continue their growth.” says Joseph Turpin, Vice President of Investment Banking at Spencer Clarke.
*Eddie R Inzauto - Senior Editor, GameWad.com
