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Ultima to Get Company?
Ultima to Get Company?-October 2024
Oct 23, 2024 4:16 AM

  Assimilated Logic Technology, an Austin-based development company, will attempt to rival Origin Systems' Ultima Online with a new, three-dimensional multiplayer interactive Internet game of its own.

  The company has announced intentions to join forces with Jump Point Communications, a local three-year-old Internet service provider, to provide the connectivity and service. The two were brought together by Golf Financial Services, an Austin-based mergers and acquisitions company.

  Assimilated Logic Technology had been looking for capital to help finance a working beta version of its yet unnamed game for potential customers to play.

  "With the finished product version so close to completion, it was difficult to realize we were running out of money. Considering a partnership with Jump Point is a strategic move, which would satisfy our user requirements and accelerate our position in the marketplace," said Richard Belles, owner of Assimilated Logic Technology.

  "I have seen what is on the Internet, and heard the response to problems faced by game players. For approximately the same price, our client is able to provide a game to players where they can play in an environment that keeps you on the edge of your seat with no visual delays or loss of interest," stated Peter Des Camps, president of Golf Financial Services. "Creating a game is one thing, servicing the end-user needs is another. This relationship will accomplish both - from the beginning. Revenue forecasts from the proposed venture could be explosive."

  A public offering has been considered for the distant future.

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