AMSTERDAM, Netherlands, May 8 /PRNewswire/ --

Playlogic Entertainment, Inc. (OTC Bulletin Board: PLGC) announces
financial results for the first quarter of 2008, ending March 31.

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

Revenues

Net revenues climbed to US$4.0 million in Q1 2008, up from US$3.5 million
for the same period the year before, an increase of 12%. The increase was
attributable to new titles released on Wii, DS, PS2 and PC platforms.

Gross Profit

Gross profit was US$2.2 million compared to US$2.4 million for the same
period in 2007. This slight decrease is related to higher manufacturing costs
for titles published on multiple platforms.

Operating Profit

Recorded net profit from operations for the first quarter ended March 31,
2008, increased to US$0.744 million versus US$0.691 million in Q1 2007.

Net Profits

Net profits for the quarter amounted to US$0.7 million, versus US$0.8
million in net profit for the first quarter of 2007. The small decrease was
caused by Obscure II Wii being distributed in the first week of the Second
quarter of 2008 and as such not accounted for in the First quarter.

Profit per Share

For Q1 2008 profit per share is US$0.02 (38.6 million average
outstanding) compared to US$0.03 (25.3 million average outstanding) in Q1 of
the previous year.

Outlook Second Quarter 2008

The company expects for the second quarter the same or higher net
revenues and net profits compared to the first quarter 2008.

Net profit per share for Q2 2008 is expected to be equal or higher than
the profit per share of the first quarter 2008.

Current Climate

The growing number of titles published as well as the continuing First
Party relationship with Sony Computer Entertainment Europe all contributed to
strong first quarter results. Further marketing investments are continued to
be made ensuring worldwide visibility and increased units sales of titles
published.

"The profit for Q1 2008 demonstrates that we are on track with previously
announced expected results," said Playlogic's CEO, Willem M. Smit. "Playlogic
has anticipated timely on market trends and has diversified its publishing
portfolio further with new titles on multiple platforms. The publishing line
up shifted towards increased number of titles published on console platforms
as the installed base continues to grow."

The Company expects further increase in revenues and gross profit as more
new titles are being published on console and PC platforms. Revenues might
fluctuate per quarter reflecting actual release dates. Nevertheless,
Playlogic expects to see steady revenue growth with continued profitability.

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. The
Playlogic Game Factory also develops First Party titles for Sony Computer
Entertainment Europe.

Playlogic publishes quality games, working with leading technology to
produce digital entertainment from concept to finished product. Playlogic
plans to publish 20 titles during 2008.

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's 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
    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