Amsterdam, The Netherlands – July 1, 2005 – Donar Enterprises, Inc., (OTCBB: DNRR.OB) and Playlogic International N.V., a Dutch game publisher and developer (“PLAYLOGIC”), announced today the closing of a share exchange transaction, pursuant to which all holders of ordinary shares of PLAYLOGIC exchanged their shares for Donar common stock.
As a result, PLAYLOGIC has become a wholly-owned subsidiary of Donar, and PLAYLOGIC’s former shareholders now collectively own 21,836,924 shares of Donar common stock, representing 94.8% of Donar