Cheyenne Mountain Entertainment to Develop New Online Video Game Stargate Worlds

Phoenix, AZ — January 25, 2006 — MGM Interactive and Cheyenne Mountain Entertainment today formally announced their agreement to develop Stargate Worlds, an MMO-RPG (Massively Multiplayer Role-Playing Game) based on the popular science-fiction television series, Stargate SG-1. Cheyenne and MGM Interactive entered into a licensing agreement to develop Stargate Worlds in September 2005 and Cheyenne has quickly built a very talented development team and created some impressive initial art and technology assets. Cheyenne is excited to partner with world-renowned MGM Studios, and is proud to be entrusted with the popular Stargate SG-1 franchise. The Cheyenne staff is comprised of a veteran management team that has shipped more than 80 world-class titles, and boasts extensive MMO development experience. Joe Ybarra, Vice President of Product Development for Cheyenne, stated that “Today's MMO market challenges developers in many ways. Creating a product that separates itself from the pack requires a unique combination of two elements: a superior game concept implemented by a superior development team. Partnering with MGM Interactive and the Stargate creative team gives us the first, and our team's experience and depth ensures the second. Together we look forward to creating the world's best MMO-RPG. ”

Travis Rutherford, Executive Vice President of MGM Interactive, added “We chose to entrust the franchise to Cheyenne because we are confident in their ability to create a triple A Stargate MMO. Together we can give both the Stargate fans and gaming enthusiasts what they want by combining a strong brand, cutting edge technology, exceptional art, usability, and a fantastic game playing experience.” Stargate Worlds is an MMO that provides players with a form of exploration, adventure and ranged combat set in worlds of historical human time periods, alien environments, and outer space locations. Players will travel through the Stargate as a team of soldiers and scientists where they can forge alliances, establish trade, investigate ancient mysteries, and defend Earth from such hostile forces as the Goa'uld and the Ori in an immense multiplayer universe. About MGM Interactive MGM Interactive, a unit of Metro-Goldwyn-Mayer Studios Inc., manages business development and production of interactive products for a variety of multimedia platforms, as well as talent and developer relationships. For more information, visit www.mgm.com. About Cheyenne Mountain Entertainment Cheyenne Mountain EntertainmentTM was founded with the goal of becoming a leading developer of entertainment software products. Cheyenne Mountain Entertainment's first product is a MMO-RPG (Massive Multiplayer Online Role-Playing Game) based on the popular science fiction television series, StargateTM SG-1 and StargateTM Atlantis. For more information, visit the company's website at www.cheyenneme.com.