SCi WILL RESTORE EIDOS PLC TO PROFIT
Copyright 2005 www.tombraiderchronicles.com

[ June 17th 2005 ]

Jane Cavanagh, Chief Executive of SCi Entertainment Group, has outlined her strategy to restore newly acquired Eidos plc to profit within 12 months during the Company's interim results for the six months to 31 March 2005.

"The acquisition of Eidos by SCi has resulted in a combined Group with a major global presence in the growing video games industry." Jane Cavanagh said. "Our intellectual property portfolio, which includes Tomb Raider, Hitman, Conflict and Championship Manager, is one of the strongest in the industry. Our strategy to restore Eidos to profitability is well underway and we are confident this will be achieved in the year ending 30 June 2006."

SCi is now the UK's largest computer and video games publisher and a leading player in the global industry with ownership of some of the most talented video game development studios in the world.

Commenting on Eidos' performance since acquisition, Jane Cavanagh said: "Eidos has traded strongly since acquisition. It is distributing Lego Star Wars (released in April 2005) which has sold 1.3 million units in six weeks and achieved the number one UK chart position. "

SCi Entertainment Group posted losses before tax of £3.8 million in six months to 31 March 2005. The Company has reviewed accounting policies in the light of new market position and forthcoming implementation of International Financial Reporting Standards. A change of financial year-end to 30 June has been actioned to correspond with Eidos.