505 Games and Paramount Digital Entertainment to Bring "Grease" to Nintendo Platforms

July 1, 2009

GREASE GETS SUMMER LOVING FROM
505 GAMES AND PARAMOUNT DIGITAL ENTERTAINMENT

505 Games Announces Global
Alliance with Paramount Digital Entertainment to Develop a Video Game Based on
the Iconic "Grease" Film

505 Games today announced it has
secured the global publishing rights for a video game based on the original high
school musical, Grease. Working in collaboration with Paramount Digital
Entertainment, 505 Games will oversee and publish a Grease video game for the
Nintendo Wii™ and Nintendo DS™.

The Grease video game will allow
players to sing and dance alongside Danny, Sandy, The Pink Ladies and the
T-Birds. The game will take full advantage of the Nintendo Wii’s motion-sensing
controls and microphone, and the DS’s touch screen to create exciting gameplay
for casual and family gamers eager to experience "Grease" in a new medium.

"The ‘Grease’ movie is a timeless
pop culture icon, and 505 Games is eager to bring the first interactive
experience based on the film to fans around the world," said Adam Kline,
president of 505 Games (U.S.). "We’re looking forward to working with Paramount
Digital Entertainment to put players in the middle of all the fun with this
all-new video game."

"Paramount Digital Entertainment is
pleased to be working with 505 Games to develop Grease," said John Kavanagh,
Senior Vice President of Video Games for Paramount Digital Entertainment.
"Grease is the ideal opportunity to reach a broad gaming audience who love to
sing, dance and have fun with a party-style game."

Grease will be released on Nintendo
Wii and Nintendo DS and co-published by 505 Games and Paramount Digital
Entertainment.