Soul and Vibe Signs Letter Of Intent To Publish Two VR Products

MINNEAPOLIS, July 27, 2016 /PRNewswire/ -- Soul and Vibe Interactive Inc. (OTC: SOUL), "The Company," a publisher of games, music, and interactive books for digital devices, announced today it has signed a Letter of Intent ("LOI") with California-based game development studio Human Soft Inc. ("Human Soft"), to publish two Virtual Reality ("VR") games.

"Casino Palace" is being developed for both VR and non-VR devices. Supported VR devices include HTC Vive, Samsung Gear VR, Oculus Rift, and Google Cardboard. Supported non-VR devices include iOS (iPhone, iPad, and iPod Touch) and Android. Casino Palace supports social interaction between players and real-money + Bitcoin transactions.

"Boxie" is being developed for VR devices and supports cross-connectivity with VR and non-VR "Companion Apps." Supported VR devices include PlayStation VR, HTC Vive, and Oculus Rift. The Companion Apps provide a mix of highly interactive and fully immersive spectator experiences and unlock unique content in the Boxie game. Boxie also supports social interaction and sharing between players.

"The VR market is another means through which the Company can generate a 'recurring release calendar' and further expand operations," said Soul and Vibe's CEO and President, Peter Anthony ("Tony") Chiodo. "The VR platform will help further transition Soul and Vibe into a very robust content company with a cross section of highly valuable IP."

"We are very excited to have partnered with 'Soul and Vibe' to publish Casino Palace and Boxie," said Gabor Kadas, Human Soft Inc.'s President and CEO. "We believe there is great potential in partnering with Soul and Vibe as the synergy created by this publishing agreement will benefit both companies long term."

About Soul and Vibe Interactive Inc.

Soul and Vibe Interactive Inc. (Soul & Vibe Interactive Inc. on www.sec.gov) is a publisher of games, music, and interactive books for digital devices addressing a market projected to grow to $100 billion by year-end 2018. The Company specializes in the creation of original IP and has extensive experience licensing world-renowned brands from influential companies. Soul and Vibe has a license agreement with Deere & Company, and game development and publishing agreements for the Xbox 360® video game and entertainment system, Windows 8, Windows Live, and Windows Phone from Microsoft, the PlayStation® 3 computer entertainment system and PlayStation® Vita (PS Vita) from Sony, and the Nintendo 3DS™ system and the Wii U™ system from Nintendo. Through partnerships with technically sophisticated software developers located all over the world, Soul and Vibe transforms unique concepts into engaging, highly accessible, and affordable games and entertainment experiences. www.soulandvibe.com.

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About Human Soft Inc.

Human Soft develops top-notch titles for iOS, Android, VR devices, consoles, and PC. The company was formed in 1994 and currently has 40 staff members. Human Soft, Inc, has developed 30+ console titles and 20+ mobile titles for various AAA publishers such as Activision, Disney, Mattel, Eidos.

Safe Harbor Statement

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, trends, analysis, and other information contained in this press release, including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," and other similar expressions of opinion, constitute forward-looking statements. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.

SOURCE Soul and Vibe Interactive Inc.

Related Links

http://www.soulandvibe.com