Red Eagle Games selects Obsidian Entertainment as game development partner

Malibu and Irvine Calif. — February 12, 2010

Red Eagle Games and Obsidian Entertainment today announced they have entered into a services agreement which provides a comprehensive framework for Obsidian Entertainment to work closely with Red Eagle Games' in-house development team to create new video games for the PC, Xbox 360 and PlayStation 3 based on Robert Jordan's best-selling fantasy series, The Wheel of Time.

"The development team at Obsidian Entertainment has demonstrated time and again that they can successfully blend storytelling with technology to craft a superior RPG game experience," said Rick Selvage, Chief Executive Officer of Red Eagle Games. "Obsidian Entertainment is the ideal development partner to help Red Eagle Games take Jordan's beloved characters from the printed page to exciting new forms of interactive media."

"Obsidian Entertainment is thrilled with this opportunity to work with Red Eagle Games in developing games based upon The Wheel of Time series," said Feargus Urquhart, Chief Executive Officer of Obsidian Entertainment. "The Wheel of Time is a rich universe that lends itself to incredible gaming possibilities."

Red Eagle Games was formed in 2006, and the Company plans to publish a line of video games on all major platforms, including consoles, personal computers, handheld systems and wireless devices. The Company's Wheel of Time games will be available through retail channels around the world by the Company's distribution partner, Electronic Arts. Red Eagle Games' principals Rick Selvage and Larry Mondragon are also producing a live-action motion picture based upon The Wheel of Time for Universal Pictures through their production company, Red Eagle Entertainment.

"Although Red Eagle Games is both a game producer and publisher, as a new company, we quickly recognized that we could benefit from supplementing small in-house technical and creative teams with a proven third party developer," said Larry Mondragon, Chief Operating Officer of Red Eagle Games."Our alliance with Obsidian Entertainment is a perfect fit and will greatly improve the quality, cost and time-to-market for the first-generation of our Wheel of Time games."

"The Wheel of Time is one of the greatest and well-received fantasy series of all time," said Chris Avellone, Chief Creative Officer of Obsidian Entertainment. "Games set in Robert Jordan's universe have the chance to deliver on the epic storylines and the complex characters that the series is known for - and this is one of Obsidian's strengths. It's a natural fit."

Obsidian Entertainment was established in 2003 by a group of experienced industry veterans. With the company's first title, Star Wars: Knights of the Old Republic II - The Sith Lords for Lucas Arts (2004, Xbox&PC), Obsidian quickly established itself as a top-tier developer of critically-acclaimed role playing games featuring strong characters, richly conceived visuals and storylines and teeming with action and adventure. Obsidian subsequently developed the Neverwinter Nights 2 game series for Atari, based upon the popular Dungeons&Dragons role-playing game. Titles in this series included Neverwinter Nights 2 (2006, PC and Mac/OS X), Neverwinter Nights 2: Mask of the Betrayer (2007, PC), and Neverwinter Nights 2: Storm of Zehir (2008, PC). Obsidian is currently completing two major games for planned release during 2010, Alpha Protocol (PC, Xbox 360 and PlayStation 3, to be published by Sega) and a much-anticipated sequel in the Fallout series, Fallout: New Vegas (PC, Xbox 360 and PlayStation 3).

The details of Jordan's meticulously crafted series have captivated readers since 1990, when The Eye of the World, the first book in the series, was published. Eleven additional books, including one prequel, have since been added to the series and have consistently appeared on the New York Times Bestseller List with the last five of his novels in the series debuting at No. 1. Jordan passed away in 2007 at the age of 58, but his publisher, Tor Books, subsequently announced that a final trilogy of novels will bring his epic series to its long-awaited climax. The most recent installment in the series, entitled The Gathering Storm, was published in October of 2009 by Tor Books. The last three novels are being penned by fantasy writer Brandon Sanderson using notes, audio recordings and draft materials left with Jordan's wife and editor, Harriet Rigney.

Jordan's wildly popular books have been translated into 24 languages, and have sold about 44 million copies worldwide. According to Tor Books, the publisher of The Wheel of Time novels, there are about 65,000 The Wheel of Time fan Web sites as a part of a vast global on-line fan community.

About Red Eagle Games

Based in Southern California, Red Eagle Games is an independent video game company undertaking the transformation of Jordan's literary masterpiece "The Wheel of Time" into high-quality interactive gaming products for the personal computer, game consoles, mobile and wireless devices, and online play. Red Eagle Games' Web site is located at www.red-eagle-games.com.

About Obsidian Entertainment

Based in Southern California, Red Eagle Games is an independent video game company undertaking the transformation of Jordan's literary masterpiece "The Wheel of Time" into high-quality interactive gaming products for the personal computer, game consoles, mobile and wireless devices, and online play. Red Eagle Games' Web site is located at www.red-eagle-games.com.