News

Eutechnyx® accepts offer for its successful NASCAR® games business

January 21, 2015 - 3:45pm

Award-winning game developer Eutechnyx today announced it had accepted an offer for certain of its assets related to the NASCAR Team Properties licensed video game business from emergent games publisher, DMi, Inc.

Eutechnyx has been publishing NASCAR Team Properties licensed video games since 2010 and the successful video game series has notched-up a plethora of critical awards, peaking at the top of the US games charts. The franchise has been developed and published cross-platform on console, PC and mobile.

Eutechnyx CEO, Darren Jobling said, “We are extremely proud that, back in 2010, Eutechnyx adopted an innovative approach to the NASCAR franchise. We brought new levels of authenticity and previously unseen styles of gameplay, applying our expertise to the hugely involved world of stock car racing. We’ve widened the accessibility of NASCAR games to fans worldwide, from console and PC into the emergent world of mobile and tablet gaming. We’re confident that in passing the baton to DMi, NASCAR Team Properties has the ideal partner to build on our success and set their platform for continued growth.”

DMi, led by video game industry veterans Tom Dusenberry and Ed Martin, is an indirectly held subsidiary of HC2 Holdings, Inc. DMi is headquartered in Charlotte, North Carolina, USA – the home of the NASCAR industry.

Eutechnyx continues its commitment to innovation and growth, by expanded focus on the development of version 2.0 of its flagship online racing franchise, Auto Club Revolution. The officially licensed, PC, free-to-play racing game is set to be the first of its kind to be released in the Chinese market, in partnership with KongZhong Corporation.

NOTES TO EDITORS

About Eutechnyx
Eutechnyx is the world’s leading independent racing game developer. With a history spanning over 28 years, the studio has won numerous awards for its million-plus selling titles and garnered exceptional acclaim in the business sector. As well as its headquarters in the UK, the company has studios in China and the United States.

For more information, please visit www.eutechnyx.com or follow us on twitter @Eutechnyx

About HC2
HC2 Holdings, Inc. is a publicly traded (NYSE MKT: HCHC), diversified holding company, which seeks to acquire and grow attractive businesses that generate sustainable free cash flow. HC2 has a diverse array of operating subsidiaries, each with their own dedicated management teams, across a broad set of industries, including, but not limited to, telecom/infrastructure, large-scale U.S. construction, energy, and life sciences. HC2 seeks opportunities that generate attractive returns and significant cash flow in order to maximize value for all stakeholders. Currently, HC2's largest operating subsidiaries are Schuff International, Inc., a leading structural steel fabricator in the United States, and Global Marine Systems Limited, a global offshore engineering company focused on subsea cable installation and maintenance. Founded in 1994, HC2 is headquartered in Herndon, Virginia.

For more information on HC2 Holdings, Inc., please contact:
ir@HC2.com

About NASCAR
The National Association for Stock Car Auto Racing, Inc. (NASCAR) is the sanctioning body for the No. 1 form of motorsports in the United States. NASCAR consists of three national series (the NASCAR Sprint Cup Series, NASCAR XFINITY Series, and NASCAR Camping World Truck Series), four regional series, one local grassroots series and three international series. The International Motor Sports Association (IMSA) governs the TUDOR United SportsCar Championship, the premier U.S. sports car series. Based in Daytona Beach, Fla., with offices in eight cities across North America, NASCAR sanctions more than 1,200 races in more than 30 U.S. states, Canada, Mexico and Europe. For more information, visit https://www.nascar.com and follow NASCAR at http://www.facebook.com/NASCAR and Twitter: @NASCAR.