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Foundation 9 Entertainment Spins Off Prince Edward Island Studio

Foundation 9 Entertainment has spun off its Prince Edward Island, Canada based studio. The new entity will be known as Other Ocean Interactive; F9E will not retain any interest in the studio.

Andrew Ayre, one of the founders of Foundation 9 Entertainment and a native of Atlantic Canada, will become majority shareholder and CEO of Other Ocean. The spin-off is expected to be completed by early June 2007. Terms of the transaction were not disclosed.



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