SilverBirch completes Lighthouse acquisition |
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TORONTO, July 31 - SilverBirch Inc. (SVB: TSXV) announced today that it has completed the acquisition of Lighthouse Interactive Game Publishing B.V., a Netherlands-based international video game publisher with offices in Montreal, Toronto and London, England. Lighthouse was formed in 2005 by two successful industry veterans with a combined 35+ year track record in the gaming sector. The company has published over 20 games to date and generated $2,600,000 in revenues for the year ending 2007. Lighthouse is immediately accretive for SilverBirch, based upon an approximate multiple of 1.2 times revenues paid for the acquisition.
Wojtek Kawczynski, SilverBirch SVP, and General Manager of the gaming unit added, "This is an unprecedented opportunity for a Canadian company to become a fully integrated developer and publisher of games for all platforms and genres, and to acquire a company with the reputation and stature of Lighthouse
About SilverBirch Inc. |
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