10TACLE STUDIOS' London branch, Blimey! Games, has started development on a next-gen racing title, utilising the official Ferrari license.

10TACLE STUDIOS AG have signed a license agreement for the development of video games with Ferrari, a world leader in automotive excellence. The concept and realisation will be done by 10T's London studio, Blimey! Games. The team who employs many of the talents behind the award winning games “GTR - FIA GT Racing Game”, “GT Legends” and the current racing reference “GTR 2 – FIA GT Racing Game” is now working on this all-new title focusing exclusively on Ferrari's finest automobiles throughout history.

"It is a tremendous opportunity to be able to develop a game under the Ferrari licence, the world's finest car manufacturer. I’m sure that our project will bring home the rich racing heritage and pedigree that has earned them a place in history and our dreams." says Ian Bell, CEO of Blimey! Games. "We will strive hard to create a product that honours the Ferrari brand and image of style, sophistication and raw speed."

"The Blimey! Games developers are one of the most talented team in this segment worldwide and of course we would like to support such a big brand with the best possible product quality. The attention to detail and thorough understanding of motorsport as evidenced by their previous work shows that we have definitely chosen the best team to distill the spirit of Ferrari into a racing experience which will be both deep and exhilarating." says Frank Holz, Marketing and Sales Director 10TACLE STUDIOS AG.

For further information:
www.10tacle.com

About Blimey! Games
Blimey! Games Ltd is an international software development company headquartered in London, England, comprised of world-class programmers and artists from more than 10 different countries and 4 continents, united with the single vision of creating the most detailed and authentic simulations, and the most immersive gameplay experiences possible.

About 10tacle studios AG
Listed in the General Standard of the Frankfurt Stock Exchange, 10tacle studios AG (security code number: TACL10) is one of Europe’s leading independent developers and producers of high-end computer and video games. 10tacle studios AG (www.10tacle.com) produces top-quality products that meet international development standards, and its product portfolio covers all relevant growth segments in the games market. In the first six months of 2006, the company reported a turnover increase to 12.71 million Euros (first six months of 2005: 1.8 million Euros). 10TACLE STUDIOS AG’s adjusted EBITDA improved to 2.9 million Euros in the first six months of 2006 (first six months of 2005: 510,000 Euros). EBIT reached 2.3 million Euros, compared to 43,000 Euros in the year-ago period. Currently, more than 180 employees work for the Company at its headquarters in Darmstadt and the development sites in Darmstadt, Duisburg, Hanover, London, Charleroi, Bratislava and Singapore."