TWJ Capital and NJTC Venture Fund

Lead Round for the World's No. 1 Casual Game

Infrastructure Company



Additional Investors include Patriot Capital, with Strong Participation from

Game Trust Series A Investors

    NEW YORK, Nov. 15 /PRNewswire/ -- Game Trust, the leading infrastructure
 provider for premium online casual games, announced today that it closed an
 oversubscribed $9 million Series B financing.  The round was led by TWJ
 Capital and NJTC Venture Fund, and was joined by Patriot Capital.  Series A
 investors, including CSK Ventures, Topspin Partners, Silicon Alley Venture
 Partners, Draper Associates and Elon Musk, also participated in the round.
     The proceeds from the financing will be used to expand operations in North
 America and Europe, as well as to enter Asian markets, in response to
 heightened global licensing demand. In addition, the Company will be expanding
 the number of casual game titles integrated with its Game Frame platform to
 over 150 by the close of 2006.  In order to address these growth
 opportunities, Game Trust has recently added 9 new team members and is hiring
 10 additional executives.
     "Demand for the Game Frame platform has exceeded our expectations," said
 Adeo Ressi, CEO of Game Trust.  "Properties ranging in size from large portals
 to blogs have been deploying community- and commerce-enabled casual games from
 Game Trust in record numbers, and the Company is fielding dozens of incoming
 sales requests per week. Game Trust is now focused on building an organization
 that can service global demand.  Our vision is to be the standard for
 community and premium play in casual games."
     "We are very excited about Game Trust's technical leadership in the casual
 game arena," said Robert Chefitz, General Partner of NJTC Venture Fund.  "We
 believe that the industry's future growth will demand the multi-player,
 community oriented experience that Game Trust provides."
     Game Trust is the driving force of innovation in the fast growing casual
 game sector.  Its Game Frame platform adds profile data, rating, avatars,
 chat, and instant messaging, as well as subscription, tournament, and virtual
 merchandise models, to a casual game offering.  The platform is licensed by
 leading destination websites, including Shockwave.com and MiniClip.com, and
 more than two dozen casual game developers.  Game Trust's LaunchNow program
 has allowed thousands of self publishers to incorporate community-enabled
 arcades on their personal websites, blogs, and forums.
 
     About Game Trust
     Founded in 2002, Game Trust (www.gametrust.com) is the economic engine of
 innovation in games with the leading platform for premium game play.  The Game
 Frame platform is the industry standard for deploying community and
 transactions within online casual games.  Licensed by leading distribution
 outlets worldwide, the platform reaches an audience of tens of millions of
 gamers each month. Award winning games, such as "Shroomz," are released by top
 developers on the platform to reach millions of players with new premium play
 models.  The Company is venture backed with offices in New York and Denmark.
 
     About TWJ Capital
     Thomas W. Jones is the Founder and Principal of TWJ Capital.   Mr. Jones
 is a coinvestor in all transactions undertaken by the firm.  Citigroup is a
 major investor in our primary investment vehicle TWJ Capital Opportunity Fund
 I, LP.
     Thomas W. Jones is former Chairman and Chief Executive Officer of Global
 Investment Management at Citigroup, and former Chairman and Chief Executive
 Officer of Citigroup Asset Management with approximately $500 billion assets
 under management.  Mr. Jones was appointed asset management CEO in August
 1997, and sector CEO in August 1999, and continued in that capacity until
 October 2004.  This business sector included Citigroup Asset Management,
 Citigroup Alternative Investments, Citigroup Private Bank, and Traveler's Life
 & Annuity.  Mr. Jones joined Traveler's Group as Vice Chairman and Director in
 1997.
 
     About NJTC Venture Fund
     NJTC Venture Fund (www.njtcvc.com) is an $80M early stage venture capital
 fund investing in promising companies located in the New Jersey region.
 Industries of interest include communications, energy, information technology,
 healthcare/life sciences, and materials.  NJTC Venture Fund will invest $250K
 - $5M per company and supports its portfolio with an unparalleled network of
 local, active partners and advisors.  NJTC Venture Fund is actively seeking
 new investments in seed and early stage companies.
 
     About Patriot Capital
     Patriot Capital is a family-owned investment group focused on investing in
 innovative technology and media companies primarily in the United States and
 Asia.
 
     Contact:
     Andy Morris
     The Morris + King Company
     212-561-7465
     andy.morris@morris-king.com
 
 

SOURCE  Game Trust

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