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 Gameguru Mania News - Sep,03 2002 -  
Presto closes doors despite being debt-free and rich in talent - briefly
(hx) 11:45 AM CEST - Sep,03 2002 - Post a comment
According to San Diego Union Tribune, The Sorrento Valley studio, a well-known creative team in the video game industry, announced this week it is shutting its doors. The news shocked Presto's fans, and many of its 21 employees. It seemed as though the company was riding a wave of success after producing the top-selling "Myst III: Exile" computer game and the upcoming "Whacked!" game for Microsoft's XBox system. Presto made about $2.5 million a year, had no debt and was rich in creative talent. Presto also lost out on the development rights to the next game in the "Myst" series, and a number of its other game ideas sputtered in talks with Microsoft and other companies. (thanks GameSpy).
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