SOURCE: Conspiracy Entertainment

May 19, 2008 16:05 ET

Cohen Independent Research Group Issues Buy Recommendation on Conspiracy Entertainment With a $0.35 per Share 12-Month Price Target

LOS ANGELES, CA--(Marketwire - May 19, 2008) - Conspiracy Entertainment (OTCBB: CPYE) ("Conspiracy"), a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, announced today that Cohen Independent Research Group (CIRG), Wall Street's leading independent research firm, has initiated coverage on Conspiracy with a Buy recommendation and a 12-month price target of $0.35 per share. CIRG provides an in-depth analysis, including 5-year financial and valuation projections, on Conspiracy's business and its significant growth drivers. A copy of the report is available for download at or

An excerpt from the CIRG report states, "The company (Conspiracy) has more than a decade's experience in developing and distributing gaming content in the U.S. market. The company is well positioned to take advantage of the increasing interest of interactive entertainment among casual gamers. Conspiracy's edge is its 'budget gaming' strategy and well entrenched distribution network and product development agreements. We believe its future prospects and attractive valuation are exciting. We are initiating coverage with a BUY rating.

"At our price target of $0.35 per share, CPYE shares are valued at 1.54x and 1.22x our 2008 and 2009 EPS estimates, respectively."

About Cohen Independent Research Group

The Cohen Independent Research Group is Wall Street's leading independent research firm, concentrating on emerging companies with strong management teams focused on shareholder value and sustainable competitive advantage. Cohen's research reports highlight the company's market opportunity, technology, management, competition and other key differentiators that may affect their long- and short-term valuation. Cohen focuses on those public companies that lack or have minimal Wall Street research analyst coverage. Cohen research reports are commissioned and paid for by the companies covered, or by third parties. For more information, visit:

This report/release is for informational purposes only. All information contained herein is based on public information. Cohen Independent Research Group (CIRG) complies with securities laws, regulations and ethical standards as related to our legal and compliance requirements. Certain securities regulations are cited and disclaimed in our Disclaimer. Ethical standards as related to our firm are the foundation of those securities laws and regulations we follow. Our firm is not a member of any association for other research providers. Our firm's policy is to comply with any new securities laws and regulations that might be promulgated in the future. CIRG is a registered investment advisor that distributes contracted third party independent research purchased from outside third party contracted securities analysts. CIRG received a value of fifteen thousand dollars in cash and services from National Financial Communications Corp. for one year of coverage on Conspiracy Entertainment. To access the complete disclaimer, download a copy of the Conspiracy report at

About Conspiracy Entertainment Corporation

Conspiracy Entertainment Corporation is a developer, publisher and marketer of entertainment software in North America and Western Europe. The Company develops and licenses properties from several sources, including global entertainment and media companies and publishes software for DVD media, wireless devices, personal computers and video game consoles, including those manufactured by Nintendo, Sony Computer Entertainment, Inc., and Microsoft Corporation. Conspiracy Entertainment was founded in 1997 and is based in Santa Monica, CA. For more information, visit

Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a "Safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.

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