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LionWorks Secures Funding from PeopleFund to Accelerate Development of Console & Interactive Games

MIAMI, Oct. 3, 2012 /PRNewswire/ -- LionWorks S.A. (http://www.lionworks.com) a leading developer of interactive and console games in Latin America, today announced the closing of an investment round by PeopleFund, a private investment fund backing extraordinary people building scalable and sustainable businesses around the world.

Founded in 2009 by Juan Lemus, LionWorks owns and operates one of the largest game development studios in Latin America. With 40 full-time developers based in Latin America, LionWorks develops proprietary titles such as Pok Ta Pok: The Game of the Gods and Last Element (working titles).

LionWorks is one of the participants selected to develop in the Sony PlayStation Developer Incubator and it's one of the few companies based in Latin America to be selected for the program. The company's original title Pok Ta Pok: The Game of the Gods, based on a Mayan era ball game is currently being developed for PlayStation Move® and Xbox Kinect® and is expected to be released in 2013 (first party approval pending).

"This is an important milestone for our company and it validates the quality of our game production and development," said Juan Lemus, CEO and founder of LionWorks. "It's an honor for us to be able to work with the experienced team of PeopleFund."

"LionWorks has developed a leading game studio producing high quality proprietary titles which can be marketed and enjoyed by a global audience," said Matias de Tezanos, Director at PeopleFund. "LionWorks is an entertainment company with extraordinary advantages, they've got an excellent studio based in Guatemala City and most importantly a strong and experienced team."

About LionWorks S.A.
Is a leading developer of interactive and console games. The company develops proprietary titles such as Pok Ta Pok: The Games of the Gods and Last Element (working titles). The company is looking to launch the first release in 2013. The company recently received funding by PeopleFund. For more information visit: http://www.lionworks.com

About PeopleFund Inc.
Is a private investment fund backing extraordinary people building scalable and sustainable businesses around the world. PeopleFund was founded by proven and successful serial entrepreneurs and is supplemented by an experience support team. We have a passion for taking great business visions in any stage and growing them into larger and more profitable enterprises. PeopleFund has closed 22 investment in companies based in USA, Latin America, Europe and Asia. For more information visit: http://www.peoplefund.com

SOURCE PeopleFund Inc.