Iron Phoneix Comes to XBox Early 2005 and Will Support XBox Live 3.0

First-Ever 16-Player Fighting Game will Enable Team Building and Online Tournaments

CARLSBAD, CA - SEPT 23, 2004 - Sammy Studios, Inc., a developer and publisher of interactive entertainment content, today announced that "Iron Phoenix" will support Xbox Live(TM) 3.0 when it releases in the first quarter of 2005. "Iron Phoenix," the first-ever 16-player online fighting game, will incorporate features built into the latest iteration of Xbox Live that allow players to form teams as well as organize and host tournaments. These features are ideal for "Iron Phoenix," a video game that combines squad-based play and strategies traditionally found in online first-person shooters with fighting game-style melee combat. Developed by InterServ International, Inc. exclusively for the Xbox(R) video game system from Microsoft Corp., "Iron Phoenix" has an MRSP of $49.99 and is not yet rated.