Artifact Entertainment Files For Voluntary Reorganization Under Chapter 11 to Restructure Debt

Artifact Entertainment Files For Voluntary Reorganization Under Chapter 11 to Restructure Debt
Horizons: Empire of Istaria Game Fans Will Experience No Interruption in Play; Within Horizons,
It's Business As Usual

July 19, 2004, Mesa, Ariz. - Artifact Entertainment, developers of the award-winning massively multiplayer online
role-playing game (MMORPG) Horizons: Empire of Istaria, announced today that to restructure its debt and strengthen its competitive position, the Company
has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code.