AMSTERDAM, Netherlands, March 20 /PRNewswire/ --

Playlogic Entertainment, Inc. (OTC Bulletin Board: PLGC) an independent
publisher of entertainment software for PCs, consoles, handhelds, mobile
devices, and other digital media; announced that it has successfully closed
US$3 million in equity (US$1.00 per share) and US$4 million in loan through a
Private Placement. This loan of US$4 million is bearing a yearly interest of
7% and a term of 2.5 years.

(Logo: http://www.newscom.com/cgi-bin/prnh/20071119/PLAYLOGICLOGO )

The total amount of US$7 million is placed at existing and new
shareholders, all accredited investors. After closing of this private
placement, the company has 41.5 million common shares outstanding as per
March 31st 2008.

The newly attracted funds will improve the working capital and equity
position of the Company and to allow the Company to execute its business plan
and adhere to release schedules for the year 2008.

About Playlogic:

Playlogic Entertainment, Inc. is an independent publisher of
entertainment software for PCs, consoles, handhelds, mobile devices, and
other digital media. Playlogic distributes its products worldwide through all
available channels, online and offline. Playlogic, who currently has
approximately 75 employees, is listed on the OTCBB under the symbol "PLGC"
and is headquartered in New York and Amsterdam. Its internal game development
studio is based in Breda (The Netherlands).

Playlogic's portfolio includes games that are being developed by several
teams at the Playlogic Game Factory, Playlogic's in-house development studio
based in Breda, as well as games developed by a number of studios throughout
the world with approximately 300 people of external development staff.
Currently, 10 games on 12 platforms are in the works including "Obscure II,"
"Officers" and "Age of Pirates: Captain Blood" and "Evil Days of Luckless
John" which will be published this year, and "Dragon Hunters" based on the
animated TV series and up-coming movie which will be published early next
year. Recent world-wide releases include "Xyanide Resurrection," "Ancient
Wars: Sparta," "Infernal," "Age of Pirates: Caribbean Tales," "World Racing
2," "Knights of the Temple 2" and "Gene Troopers."

Playlogic publishes quality games, working with leading technology to
produce digital entertainment from concept to finished product.

FORWARD LOOKING STATEMENTS

This release contains statements about Playlogic's future expectations,
performance, plans, and prospects, as well as assumptions about future
events. The reader is cautioned not to put undue reliance on these
forward-looking statements, as these statements are subject to numerous
factors and uncertainties, including without limitation, business and
economic conditions and trends; fluctuations in operating results; reduced
customer demand relative to expectations; competitive factors; and other risk
factors listed from time to time in the company's SEC reports. Actual results
may differ materially from our expectations as the result of these and other
important factors relating to Playlogic's business and product development
efforts, which are further described in filings with the Securities and
Exchange Commission. These filings can be obtained from the SEC website
located at www.sec.gov. Any forward-looking statements are based on
information available to Playlogic on the date of this release, and Playlogic
assumes no obligation to update such statements.

FOR MORE INFORMATION
    Playlogic Entertainment, Inc.
    Loana Leatomu, Corporate PR & IR Manager
    T: +31-20-676-03-04
    M: +31-6-13-73-20-10
    E: lleatomu@playlogicint.com

For further information about Playlogic, please visit the Corporate
Center at www.playlogicgames.com

Web site: http://www.playlogicgames.com
              http://www.sec.gov