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Leading Cloud Gaming Company, Playcast, Raises $10 Million From MK Capital and JVP

LOS ANGELES Jan. 25, 2011 $10 million Chicago Los Angeles

Yair Landau Los Angeles

Guy de Beer Europe Asia

Landau stated: "Playcast has solved some very complex technological problems enabling a new and broader game-playing audience to experience console-level interactivity through their existing digital set-top boxes.  With its unique technology, numerous game-publisher agreements and worldwide MSO/Telco relationships, Playcast is poised to build a meaningful business around the world.  We are very excited to help Guy and his team take Playcast to the next level."

Tirosh added: "Playcast is at the nexus of some of the most powerful trends in the media business today – turning media from DVD sales and broadcast to on-demand streaming, enabling a new release window for AAA games, over-the-top TV services and the introduction of cloud computing to media services.  This new investment allows Playcast to tap into a new pool of resources and expertise and position itself as a de-facto leader in the cloud gaming space."

About Playcast Media

Europe Israel Los Angeles www.playcast-media.com

About JVP

Jerusalem New York Los Angeles Paris $820 million dollars Israel $2bn Jerusalem http://www.jvpvc.com

About MK Capital

Chicago Los Angeles www.MKCapital.com

About Xenia Venture Capital

Avishay Noam Anat Segal Israel Orna Berry Avi Lior Roni Einav Aki Ratner Gideon Mantel Yafit Stark Yossi Shaham Xenia www.xenia.co.il

SOURCE Playcast

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