Computer Trade Weekly is reporting that Project 2 Interactive, developer of adventure games like Reah and Ark of Time, has closed its doors. The Dutch company declared bankruptcy after accruing nearly US$5.5 million in debt.
Project 2 was set to publish and distribute Schizm, a Polish-developed adventure game, later this year. It's not known what will become of the game now that Project 2 has gone by the wayside.