City Interactive pen CryENGINE 3 deal to “develop two new unannounced FPS games”

City Interactive today announced that it has licensed the state-of-the-art CryENGINE 3 from Crytek to develop two new, but unannounced FPS games for release over the next couple of years.

City say they have “experienced tremendous success with the release of Sniper: Ghost Warrior, one of the year’s best-selling, FPS games.” Since its launch on June 29, Sniper: Ghost Warrior has ranked among the top 5 FPS games for Xbox 360 both in the U.S. and Europe.

City Interactive also report that they have experienced tremendous growth in terms of revenue, profit and market share. Recently featured on the cover of a European issue of Forbes magazine, City Interactive’s worldwide Q1-Q3 revenue is up 230 percent compared to same period last year, with 2010 revenues projected to grow 219 percent above previous year with considerable profit projections. The company’s market cap has increased 715 percent in the past two quarters to approximately $100 million (USD).

“We are certainly gratified by our overall growth and are excited about the potential of our upcoming product release schedule,” said Marek Tyminski, CEO of City Interactive. “We have licensed the CryENGINE3, one of the most advanced game engines available, as a means to further develop some soon to be announced multi-platform games that will deliver amazing gaming experiences.”

“We are delighted to have City Interactive join our CryENGINE3 licensee community and we really look forward to continuing to work with their talented teams.” Said Carl Jones, Director of CryENGINE Global Business Development. “City has shown with the success of Sniper: Ghost Warrior that they understand what gamers want to play. CryENGINE3 and our dedicated, global support team will help them achieve their vision on more platforms, with the speed and high quality values that our engine and tools uniquely provide to developers.”

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