Conspiracy Entertainment Signs Agreement With Hyper-Devbox to Launch its First Title for the Nintendo 'Wii' Platform

LOS ANGELES, Feb. 9 -- Conspiracy Entertainment Holdings Inc. ("Conspiracy") (BULLETIN BOARD: CPYE) , a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, announced today the signing of a licensing/development agreement with Hyper-Devbox of Japan to develop its first game for the Nintendo "Wii" platform. Under the terms of the agreement, Conspiracy Entertainment will receive North American and European publishing and marketing rights for the new game. With a working title of "Shoot Out," this futuristic 3-D mech shooting game pits freedom fighters against alien robot machines in a fight for control of earth.

"This game was a hit within the arcade/coin-up market and is now being retooled for the Wii platform," commented Carlo Perconti, president of Hyper- Devbox. "We are very excited to collaborate with Conspiracy to increase the intensity and enjoyment of the game, while remaining true to its original and much-loved design and aesthetic. The freedom of Wii's distinctive handheld wireless controller is ideal for creating a 3D 'shoot 'em up' experience and will allow players a greater feeling of interaction."

Sirus Ahmadi, president of Conspiracy Entertainment, said, "We look forward to working with an established developer such as Hyper-Devbox on our first Wii game. We anticipate to secure other gaming projects in the near- future for the Wii platform."

"The Wii platform is achieving rapid market acceptance. We plan to release 'Shoot Out' in the second quarter of 2007, as part of our efforts to capitalize on the fastest growing segments of the $30 billion global video gaming industry," said Keith Tanaka, CFO of Conspiracy Entertainment. "This is just the beginning of our intention to enter the Wii market." The Company recently announced its intentions to enter the Nintendo Wii market in a press release dated February 6, 2007.