Midway Announces Creation of the Central Outsourcing Group (COG) to Streamline Outsourcing Efforts
February 26 2007 - 8:30AM
Business Wire
Midway Games Inc. (NYSE: MWY), a leading interactive entertainment
publisher and developer, today announced the creation of the
Central Outsourcing Group (COG) within its studios to lead all of
its studios� outsourcing efforts and help streamline game
development. The COG will be lead by personnel from Midway Studios
� Austin Inc. �Consolidating all product development outsourcing
initiatives into a centralized group will allow Midway to focus on
creating AAA next-generation content,� said Matt Booty, senior vice
president, worldwide studios, Midway. �This core team will provide
expertise in outsourcing management and development pipelines
across all of our internal studios.� For more information on how to
reach the Austin-based Central Outsourcing Group, please go to
http://outsourcing.midway.com. COG leadership will be available at
the Game Developers Conference in San Francisco March 7-9th. Please
contact outsourcing@midway.com if you would like to request a
meeting. About Midway Midway Games Inc. (NYSE: MWY), headquartered
in Chicago, Illinois, with offices throughout the world, is a
leading developer and publisher of interactive entertainment
software for major videogame systems and personal computers. More
information about Midway and its products can be found at
www.midway.com. This press release contains �forward-looking
statements� within the meaning of the Private Securities Litigation
Reform Act of 1995 concerning future business conditions and the
outlook for Midway Games Inc. (the "Company") based on currently
available information. The Company's actual results could differ
materially from those described in the forward-looking statements
as a result of a number of risks and uncertainties, including,
without limitation, the performance of the interactive
entertainment industry, dependence on new product introductions and
the ability to maintain the scheduling of such introductions, the
current console platform transition and other technological
changes, dependence on major platform manufacturers and other risks
more fully described under "Item 1A. Risk Factors" in the Company�s
Annual Report on Form 10-K for the year ended December 31, 2005,
and in other filings made by the Company with the Securities and
Exchange Commission. Each forward-looking statement, including,
without limitation, financial guidance, speaks only as of the date
on which it is made, and the Company undertakes no obligation to
update any forward-looking statement to reflect events or
circumstances after the date on which it is made or to reflect the
occurrence of anticipated or unanticipated events or circumstances,
except as required by law.
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