http://www.pv13.com/about/article.php?id=40

gamesas and Masthead Studios Finalize Agreement to Develop MMO
gamesas AND MASTHEAD STUDIOS FINALIZE AGREEMENT TO DEVELOP MASSIVELY MULTIPLAYER ONLINE GAME

LOS ANGELES, CA, January 21, 2010 — gamesas Entertainment Corp. (OTC BB:IPLY) announced today that the Company has signed definitive agreements with Masthead Studios concerning the development of gamesas’s post-apocalyptic Massively Multiplayer Online Game (MMOG), code named “Project: V13.”

Project: V13 has been under development at gamesas since November 2007 by some of the original Fallout? creators. Masthead joined the project in early 2009 and development continues under gamesas’s direction and control. Project: V13 will utilize the proprietary tools and MMOG technology Masthead developed for its “Earthrise” project.

Commenting on the announcement, gamesas Chairman and Chief Executive Officer Herve Caen said, “Masthead’s technology is impressive and perfect for our Project: V13. Its team is passionate to bring our vision and game play to the market. This MMOG will have many unique features that we will disclose before launch of the public Beta in 2012.”

Masthead Studios President Atanas Atanasov said, “Project: V13 incorporates many creative and technological innovations. We believe it will be a unique experience. Our technology will continue to evolve in order to realize all the extraordinary content and features gamesas has designed.”

Terms of the deal were not disclosed.

About gamesas
Founded in 1983 and headquartered in Southern California, gamesas Entertainment Corp. develops, publishes and licenses video game software. The company has produced and licensed titles for many of the most popular interactive entertainment software platforms in the action/arcade, adventure/RPG and strategy/puzzle categories. Its portfolio of well-recognized Intellectual Properties includes Battlechess, Clayfighter, Dark Alliance, Descent, Earthworm Jim, Freespace, Giants, Messiah, MDK, Run Like Hell, Sacrifice. gamesas is also the original creator of the post-apocalyptic games Fallout?, Fallout? 2, Fallout? Tactics and Brotherhood of Steel video games. For more information, please visit http://www.gamesas.com

About Masthead Studios
Masthead Studios is a growing game development company focused on MMORPG games, founded in 2005 in Bulgaria. Masthead has access to abundant local and international talent, and is employing some of the best programmers and graphic artists in Europe. In addition to its work on Project: V13, the company is currently developing Earthrise, a next-generation post-apocalyptic MMORPG, using its proprietary game engine and platform.

Fallout? is a registered trademark of Bethesda Softworks, LLC in the U.S. and other countries.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Statements contained in this release except for historical information are forward-looking statements that are based on current expectations and involve risks and uncertainties. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. The risks and uncertainties inherent in such statements may cause actual future events or results to differ materially and adversely from those described in the forward-looking statements. Specifically, there can be no assurance that the Company will complete a financing transaction, or any other strategic transaction on favorable terms or at all. Additional important factors that may cause a difference between projected and actual results for the Company are discussed in the Company's filings from time to time with the U.S. Securities and Exchange Commission, including but not limited to the Company's annual reports on Form 10-K, subsequent quarterly filings on Form 10-Q and current reports on Form 8-K.

The Company disclaims any obligation to revise or update any forward-looking statements that may be made from time to time by it or on its behalf.

((yes I know http://www.pv13.com and gamesas.com is the same, I just like having it there so I can see if they actually update the site specifically for PV13 =) )
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The Press Release from April 4, 2009:
gamesas announced today that the company has signed a binding letter of intent with Masthead Studios to fund the development of a Massively Multiplayer Online Game (MMOG), code named "Project: V13".

It took a while from going from a "Binding Letter of Intent" to a full fledged "Definitive Agreement".

Will there be lawyers in the wasteland too?

This is great news. Keep up the good work guys. We're behind you 100%! By Gamers for Gamers! I have every bit of confidence in Masthead as well, I've been following Earthrise on their boards for some time. Looking forward to an official site for the MMO, along with some new screens/info regarding the general design!

My first request: A fully animated emote for /sipnuka which depicts a character tipping back a nice warm bottle of the 'blue stuff' and then pocketing the change!!! (naturally, i wouldn't actually gain 1 cap from such an emote, but it would be cool to pretend!

Vaultfully yours,
.sz- -- it’s an obsession. Not a cologne, either. Some think that the way it changes a person’s life is tragic, but they just don’t understand. - Wooz

It could more be with them trying to get a time line in for development since they are currently working on Earthrise (which I'm patiently waiting for as well) which is supposed to release Q2 2010. So with no real rush on them starting to put their full effort into the game, as well as the legal battle which was just taken care of last month I believe, The time frame is fine.

Now I believe Bethesda is attempting to appeal the Judge's ruling, but here's hoping it fails as well.
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as to the mmo fallout i hop it works well i have all ways loved fallout and all ways will but, i love bethesda more all ways will the elder scrolls was better then the original fallout's by far(at least to me but i still love em) as im not a fan of turn based role playing that much so i hope that they do appeal it. plus u guys by the 2 year mark didn't announce full development or funding

Looking at things outside the box, V13 will almost surely be of unoriginal design and unready for release but get launched anyways, like age of conan did(flopped). The game will not recieve the patching and repairs it needs and will likely be a project that gets gamesas revenue and maybe even a little fame. You need a large staff to handle an mmo and customer service. This game is going to be a reminder of why mmo's should be left to the pros.

Wow, all the hope and optimism is blinding me.

Why are you here if you are so negative?
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Great focking news but we need to wait alot some time untill 2012 -2013 when the game will hit the market.

I am the Formless in all forms.Strenght si the only measure ,all things can be resolved with violence and blood share.

Any release date will be too soon. gamesas doesnt have the staff to support maintenance,patching,customer service. Bigger MMO companies than gamesas go months without a crucial patch or fix. How long do you think it will take to fix the massive amounts of broken features for V13? I can answer that for you- longer than anyone is willing to wait.

Great news! But then this makes me wonder about the dead line they have...

Wait a second, 2012! OH MY GOD!!

**Faints**

Here's hoping for a Beatles-themed quest on V13.