G5 has signed an agreement with the leading international videogame publisher to develop AAA quality mobile game based on the publisher's very popular videogame franchise. At the moment G5 cannot disclose the customer or the brand involved. The project which received the codename Sienna is scheduled for release in 2008, and it will be developed on G5's proprietary Talisman™ mobile technology by the team working on project Anabel, which is nearing the completion.

G5 has also launched its new corporate web-site which is available at www.g5e.com. The web-site has improved structure which provides better access to the corporate and investor information, and information about G5’s technology and completed games.

Vlad Suglobov, CEO, comments: “We are very glad to be working on project Sienna and continue expanding our relations with major publishers.  In accordance with the growing demand during past year G5 has been successful in consolidating its development resources to enable the company to work on 4-5 mobile game projects simultaneously, which is one of the foundations for achieving 2008 forecast. With many development opportunities in discussion at the moment, we expect to sign more projects soon.”

G5 signed a deal to perform additional work for already released game. In connection with the outstanding sales performance of the game, the publisher wants the game to run on a larger number of handsets available on the international market, and the additional game versions are to be produced by G5 Entertainment. Several other projects are also in discussion with a number of customers towards starting before end of 2007.