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NOTICE: Interplay Entertainment Corp. Intends to Reduce Costs Through Voluntary SEC Deregistration.
Interplay Entertainment Corp. filed Form 15-12(g) on March 11, 2014 to deregister its shares of common stock and terminate its reporting obligations under the Exchange Act. At the time the Company filed Form 15-12(g), the Company's stock was not listed on a national exchange and was quoted on the Pink OTC Markets Inc. electronic quotation service. The Pink Sheets is an electronic network through which participating broker-dealers can make markets and enter orders to buy and sell shares of issuers. The Company expects shares of its common stock may continue to be quoted on the Pink Sheets if market makers continue to commit to make a market in the Company's shares. However, as was the case prior to deregistration, Interplay can provide no assurance that trading in shares of its common stock will continue on the Pink Sheets or otherwise. Please visit www.otcmarkets.com for more information about this service.
Interplay's board of directors decided to deregister shares of the Company's common stock after careful consideration, as it believes that the savings that will benefit shareholders and the Company outweigh the advantages of continuing as a reporting company. Without the annual accounting and legal costs and administrative burdens associated with SEC reporting obligations, Interplay believes it will be able to reduce its costs while still maintaining appropriate financial controls. Interplay believes that these changes will allow the Company to better focus on its business.
DISCLOSURE REGARDING FORWARD LOOKING STATEMENTS: Statements contained in this release except for historical information are forward-looking statements that are based on current expectations and involve risks and uncertainties. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. The risks and uncertainties inherent in such statements may cause actual future events or results to differ materially and adversely from those described in the forward-looking statements. Specifically, there can be no assurance that the Company will continue to trade on the OTC Markets quotation service, or at all. The Company disclaims any obligation to revise or update any forward-looking statements that may be made from time to time by it or on its behalf.