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Epic Games Acquires Chair Entertainment Group

Cary, North Carolina – May 20, 2008 – Epic Games, Inc., creators of the
award-winning /Unreal /and /Gears of War/ video game franchises and the
industry leading Unreal Engine, today announced its acquisition of
Utah-based development studio, Chair Entertainment Group, LLC. Under the
terms of the agreement, Chair Entertainment Group has become a wholly
owned subsidiary of Epic Games and will continue to operate under the
same name while maintaining its focus on creating new original game
properties which utilize Epic's Unreal Engine technology.

"Chair's stylized approach to creating games is further enhanced by
their ability to stretch our technology in new directions that not only
help in creating amazing gaming experiences but also demonstrate the
power and versatility of the Unreal Engine," said Mark Rein, vice
president of Epic Games, Inc. "We are thrilled to bring the Chair team
into the Epic family, and look forward to working with them to create
original new games that continue to innovate and inspire."

"Our team has long admired Epic for its ability to shape the game
industry with its innovative technology and first-rate video game
offerings," said Ryan Holmes, Co-Founder and CEO of Chair Entertainment
Group. "We share Epic's passion for creating ground-breaking game play
experiences and are excited for the opportunity to partner with a truly
visionary company."

Founded in 2005, Chair Entertainment Group is jointly led by directors,
Donald and Geremy Mustard, and CEO Ryan Holmes. Best known for its
award-winning Xbox Live Arcade title, /Undertow/, Chair's previous
success includes the launch of its /Empire/ property which has produced
an Orson Scott Card-written New York Times bestselling novel and a
feature film currently in development with Warner Bros. In 2007, after
several years of building games with Unreal technology, Chair entered
into an agreement with Epic Games to make Unreal Engine 3 their
exclusive technology for game development. *//*

*/ /*

*/About Epic Games/*
Epic Games, Inc., based in Cary, NC and established in 1991, develops
cutting-edge games and cross-platform game engine technology. The
company has created multiple million-selling, award-winning titles in
its Unreal series, recently shipping Unreal Tournament 3 for PC and
PlayStation 3. Epic's breakthrough game, Gears of War, sold over 4.7
million copies and was awarded overall Game of the Year for 2006 by the
Academy of Interactive Arts & Sciences, Game Developers Choice Awards,
GameSpot, GamePro and many others. Epic is also responsible for the
Unreal Engine, which is the underlying technology for a wide range of
games including the Game Critics Awards' Best Console Game and Spike
TV's 2007 RPG of the Year Mass Effect by BioWare and the 2007 BAFTA Best
Game and Spike TV Game of the Year BioShock by 2K Games. Epic's Unreal
Engine 3 is the current holder, and three-time consecutive winner, of
Game Developer magazine's Front Line award for Best Engine. Epic was
also recognized as 2006 Studio of the Year by Spike TV, 2006 Developer
of the Year by Official Xbox Magazine and 2007 Large Company of the Year
by the North Carolina Technology Association. Additional information
about Epic can be obtained through the Epic Games Web site at
www.epicgames.com .

*/About Unreal Engine 3/*
The award-winning Unreal Engine is known for cutting-edge graphics and
its best-of-breed toolset. Unreal Engine 3 maintains those features
while adding massive world support, multi-processor support,
next-generation console optimizations, and one of the most mature tool
pipelines in the industry. Unreal Engine 3's advanced toolset is
designed specifically to accelerate developers' productivity for
ultra-complex, next-generation content. Additional information on Unreal
Engine can be obtained through the Unreal Technology Web site at
www.unrealtechnology.com .

*/About Chair Entertainment/*

Founded in 2005, Chair Entertainment Group is an independent video game
production company committed to creating blockbuster entertainment
franchises through development of its original intellectual properties.
In 2006, Chair launched its first original property, /Empire/, as a
best-selling novel written by Orson Scott Card. A feature film based on
/Empire/ is in development by Warner Bros. and Chair has future plans
for video games and comic books based on the property. In November 2007,
Chair launched /Undertow/, the award-winning underwater action shooter
which was named Xbox Live Arcade Game of the Year by Official Xbox
Magazine. Additional information and gamer forums can be found at:
_www.chairentertainment.com _.


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