Graffiti Games Ltd. (the “Corporation” or “Graffiti Games”), a leading video game publisher, is pleased to provide a Corporate Update and announces a non-brokered private placement.
Blue Fire Video Game Release
Graffiti Games, a leading video game publisher, is pleased to provide an update on the Blue Fire video game, which was released in partnership with Argentina-based Robi Studios. The game was released to chart-topping results and much fanfare, propelling the 3D action-adventure platformer to No. 6 in “Best Sellers” in the Nintendo eShop and the No. 1 spot in Steam’s “New and Trending” section.
Subsequent to its release in early February 2021, Blue Fire has earned additional accolades, including:
- No. 6 in “Best Sellers” in the Nintendo eShop
- No. 1 in Steam’s “New Releases”
- Top-4 title in the eShop’s “Featured” section
- No. 1 Steam community recommended game
- Featured release on Nintendo.com
- More than 600,000+ views of the game’s launch trailers
- More than 730 million launch week media and social impressions
“Robi Studios worked tirelessly to create a high-quality game for the community to enjoy, which is reflected in Blue Fire’s chart-topping success and sales, both of which allowed us to recoup the development costs within the first 24 hours,” said Alex Josef, CEO of Graffiti Games. “It’s great to see our model of backing and partnering with emerging talent in the game development space continue to gain momentum and we look forward to continued success for Blue Fire and our other titles as we move forward.”
In Blue Fire, players embark on an extraordinary adventure through the desolate kingdom of Penumbra to discover the hidden secrets of this long-forgotten land. Explore mystical temples, where players will need to master the art of movement to survive increasingly difficult 3D platforming challenges. Along the adventure, players will slash their way through diverse adversaries, encounter survivors, collect valuable items, take on strange quests and more.
Graffiti Games had a strong 2020 and achieved several, major company objectives, including:
- 10 titles released to date (23 SKUs)
- 10 percent year-over-year growth in revenue
- More than 200,000 game units sold across all platforms
- More than 30 global distribution partners, including Steam, Nintendo, Sony, Microsoft, Google Stadia, and Amazon
2021 Highlights and Beyond
Graffiti has achieved several, major objectives already in 2021, including:
- Secured first physical retail distribution deal that will see Blue Fire available in major brick and mortar retailers, including GameStop and Best Buy
- Secured first Asian distribution deal for territories outside of Japan
- Secured two new titles for launch in 2022
Non-Brokered Private Placement
The Corporation announces that it intends to complete a non-brokered private placement of up to 5,000,000 common shares of the Corporation at a price of $0.30 per share for aggregate gross proceeds of up to $1,500,000.
The proceeds of the private placement will be used for general operating purposes and working capital.
Trailer for Blue Fire: https://www.youtube.com/watch?v=R0wPny3_8nQ
About Graffiti Games
Graffiti Games is a North American video game publisher comprised of industry OGs with a powerful, global distribution network encompassing both digital and physical retail partners across the world to maximize sales potential. As of March 2021, Graffiti Games has released 10 titles across 23 SKUs. To find out more about Graffiti and our portfolio please visit www.graffitigames.com.
About Robi Studios
Robi Studios is a game development company based in Cordoba, Argentina. We’re a young and very passionate team dedicated to game development on PC and console. To find out more about Robi Studios please visit https://www.robistudios.com/.
Statements in this press release may contain forward-looking. The words “will,” “anticipate,” believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Corporation. Readers are cautioned that assumption used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The Corporation does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.