Playlogic Entertainment is an independent publisher of entertainment software for consoles, PCs, handhelds, mobile devices, and other digital media, and distributes its products worldwide through online and offline channels.
Playlogic expects their net revenues to grow $15-35 million from 2006, which would be a 200%-400% increase. Gross profit could also escalate 450-800% this year.
Recently, the company announced a strategic deal signed with Futurikon (France) to license its popular animated series, Dragon Hunters. A full length feature film is planned to be released in 2008 and will undoubtedly increase interest for the games published by Playlogic Entertainment.
SmallCAPS stated, “We believe these numbers speak for themselves. In our recently published Company Report we gave a fair and conservative price target of $1.75 per share.”
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