Date: March 16, 2006

                                                                Exhibit 99.1
Source: Playlogic Entertainment, Inc.


                                  PRESS RELEASE

                  SONY AND PLAYLOGIC SIGN DEVELOPMENT AGREEMENT

Amsterdam, March 16, 2006 - Playlogic Entertainment, Inc. today announced that
its in-house studio,  Playlogic Game Factory,  signed a first-party  development
agreement with Sony Computer Entertainment Europe Limited (SCEE).

Playlogic  Game  Factory,  based in Breda,  the  Netherlands,  is a fully  owned
subsidiary of publisher  Playlogic  Entertainment,  Inc. One of the two in-house
teams will develop an undisclosed project.

Rogier Smit,  Executive VP of Playlogic,  said, "Working together with SCEE is a
fantastic  opportunity  for Playlogic.  SCEE's  decision to work with us clearly
shows how our internal studio has matured and is ready to deliver AAA content."


About  Playlogic:  Playlogic Game Factory B.V. is a full subsidiary of Playlogic
Entertainment, Inc. Playlogic Entertainment, Inc. is an independent publisher of
entertainment software for consoles,  PCs, handhelds,  mobile devices, and other
digital media.  Playlogic,  established  in early 2002,  publishes game concepts
across various genres.  The company  distributes its products  worldwide through
all available channels, online and offline.

Playlogic, who currently has approximately 75 employees, is listed on the OTC BB
under the symbol "PLGC" and is  headquartered  in New York,  Amsterdam and Breda
(The Netherlands).

Playlogic's  portfolio  includes games that are being developed by several teams
at Playlogic  Game Factory,  Playlogic's  in-house  development  studio based in
Breda, as well as games  developed by a number of studios  throughout the world.
Currently,  11 games on 16 platforms are under  development,  including  "Age of
Pirates:  Caribbean  Tales",  "Age of Pirates:  Captain  Blood",  "Ancient Wars:
Sparta",  "Xyanide  Resurrection",  "Diabolique  - License  to Sin" and "PRISM -
Threat:  Level Red",  which will be published this year. World Racing 2, Knights
of the  Temple 2 and Gene  Troopers  haven  been  released  recently  throughout
Europe.

Playlogic  is always  looking for  additional,  high-quality  games and acquires
products  that  can  be  exploited  in  the  complete  value  chain  of  digital
entertainment products from games at retail to mobile games and digital TV.

FOR MORE INFORMATION
Playlogic Entertainment, Inc.
Esther Berger, Corporate Communication & IR Manager
T: +31 20 676 03 04
M: +31 6 51 874 971
E: eberger@playlogicint.com

For further  information  about Playlogic,  the games it publishes and develops,
artwork   and  press   information,   please   visit  our   press   section   at
www.playlogicgames.com