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Posts tagged southpeak-games

Stronghold 3 defends Oct. 25 launch date, unleashes assets

Stronghold 3 is ready to teach the importance of proper castle grouting on October 25. That's the official launch date from Firefly Studios and 7sixty Games for the title, which has seen numerous delays and had its publisher delisted from the stock exchange. We've placed some military...

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SouthPeak delists itself from the New York Stock Exchange [update]

Update: We got in touch with a SouthPeak representative, who told us that the company was never "properly listed" on the NYSE to begin with. SouthPeak was "an 'over the counter' type stock that was never properly listed and therefore can't be delisted." So SouthPeak shares were traded between two...

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SouthPeak settles in SEC violation dispute

Two Worlds publisher SouthPeak Interactive ended up in some hot water with the U.S. Securities and Exchange Commission last November, when the government agency announced it would bring a civil injunction against the publisher's chairman, Terry Phillips. The reason for the SEC suit was...

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SouthPeak posts $2.1 million quarterly loss, future uncertain

Despite reclaiming rights to the My Baby franchise last year, SouthPeak continued to decline into potential insolvency during the second quarter (ending December 31, 2010) of its current fiscal year. Net revenue for the quarter was just $7.5 million, down $2.6 million from the same period the year...

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Two Worlds 2 marked down to $40 at Kmart, buyers get hammered

If you're looking to try out the sure lock for 2011's "Most Improved Game of the Year" award recipient, Two Worlds 2, Kmart's making a pretty compelling case for your dollars. The retailer has the game for $40 this week, which will also net you a download voucher for the powerful "BattleHammer of...

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Two Worlds 2 review: One world of difference

"Uh, hello, Two Worlds 2 is it? Please, come in, have a seat." "Oh, thank you so much, and please, call me Tee Dub, all my friends do. I can't tell you what an honor this is to even be considered for a Joystiq score, especially considering what an unmitigated disaster my predecessor was." ...

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SouthPeak claims creditors used press to 'paint a negative picture' of the company

Throughout 2009 and 2010, SouthPeak's legal struggles made headlines. From the sweeping claims of unpaid work following the buyout of Gamecock Media Group to the lawsuits brought on by various companies that had done business with SouthPeak, a less than favorable image of the Texas-based game...

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Stark SouthPeak Q1 financials due to My Baby issues

SouthPeak's first quarter results saw the shaky publisher report a net loss of $1.2 million, compared to the $687K profit it reported during the same time last year. Revenues during the period were $1.4 million, a steep drop from the $16.7 million reported in the previous fiscal year. The...

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SouthPeak says CDV dispute is resolved, wasn't cheap

SouthPeak Games CEO Melanie Mroz told investors this week that the ongoing legal argument between her company and distributor CDV has been resolved, and while full terms of the agreement weren't released, SouthPeak attributes a solid chunk of its $5.8 million in losses to the legal issues. Mroz...

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SouthPeak to stop selling 'My Baby' during legal issues

While SouthPeak continues its legal dispute with My Baby developer Nobilis and publisher Majesco over the rights to the franchise and My Baby 3, the publisher will discontinue selling My Baby Girl and My Baby First Steps. SouthPeak Chairman Terry Phillips stated in an investor call today, "We...

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