Conspiracy Entertainment Holdings, Inc Issues Corporate Update to Shareholders

LOS ANGELES--(BUSINESS WIRE)--Conspiracy Entertainment Holdings, Inc. ("Conspiracy Entertainment") (OTCBB: CPYE - News), through its wholly owned subsidiary, Conspiracy Entertainment Corporation, a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, announced today that it has issued a corporate update to its shareholders. th quarter 2009 and we wanted to provide our shareholders and the investment community a review and update regarding the last eighteen months,” said Sirus Ahmadi, CEO of Conspiracy Entertainment.The Company's revenues for the fiscal year that ended December 31, 2008 were $10,905,490, compared to revenues of $8,791,131 for the fiscal year that ended December 31, 2007. The interactive entertainment software industry is a seasonal and cyclical industry. The majority of sales are generated in the fourth quarter of each year due to the winter holiday season, followed by the first quarter of each year which consists of sales to those who received new video game...
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Conspiracy Entertainment Retains Investor Relations Firm Corporate Evolutions Inc

LOS ANGELES--(BUSINESS WIRE)--Conspiracy Entertainment Holdings, Inc. ("Conspiracy Entertainment") (OTCBB: CPYE.OB - News), a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, announced today that it has retained Corporate Evolutions Inc. as the company’s investor relations representative. Corporate Evolutions, an ultimate concierge service in the financial industry, has been retained by the Company to provide strategic counseling and hands-on corporate communication with the investment community. Sirus Ahmadi, CEO of Conspiracy Entertainment comments, “We are excited to have Corporate Evolutions on board to represent Conspiracy Entertainment to the investment community. We look forward to working closely with Corporate Evolutions to assist us in broadening our shareholder base and increasing market awareness and shareholder value.”...
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CONSPIRACY ENTERTAINMENT HOLDINGS INC Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue755  3,546  3,121  3,024  Cost of Revenue648  2,944  3,232  2,420  Gross Profit107  602  (111)604  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative467  440  553  477  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss(360)163  (664)127  Income from Continuing OperationsTotal Other Income/Expenses Net(1,266)1,922  628  4,805  Earnings Before Interest And Taxes(1,626)2,085  (36)4,932  Interest Expense50  47  52  62  Income Before Tax(1,676)2,039  (88)4,870  Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(1,676)2,039  (88)4,870  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   ...
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CONSPIRACY ENTERTAINMENT HOLDINGS INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION The information in this report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This Act provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information about themselves so long as they identify these statements as forward looking and provide meaningful cautionary statements identifying important factors that could cause actual results to differ from the projected results. All statements other than statements of historical fact made in this report are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. Forward-looking statements reflect management's current expectations and are inherently uncertain. Our actual results may differ significantly from management's expectations. The following discussion and analysis should be read in conjunction with the financial statements and notes thereto included elsewhere in this report and with our annual report on Form 10-K for the fiscal year ended December 31, 2008. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management. Results of Operations Three Months Ended June 30, 2009 Compared to Three Months Ended June 30, 2008 Revenues for the three months ended June 30, 2009 were $755,223, compared to $1,518,992 for the three months ended June 30, 2008. This represents a decrease of $763,769. This decrease was primarily attributable to our distributor's decision to postpone the release of Real Heroes: Firefighter (Wii) until 3rd quarter to take advantage of the the ad...
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CONSPIRACY ENTERTAINMENT HOLDINGS INC Files SEC form 10-K/A, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. FORWARD-LOOKING STATEMENTS The information in this annual report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This Act provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information about themselves so long as they identify these statements as forward looking and provide meaningful cautionary statements identifying important factors that could cause actual results to differ from the projected results. All statements other than statements of historical fact made in this report are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. Forward-looking statements reflect management's current expectations and are inherently uncertain. Our actual results may differ significantly from management's expectations. The following discussion and analysis should be read in conjunction with the financial statements of Conspiracy Entertainment Holdings, Inc., included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management. RESULTS OF OPERATIONS - YEAR ENDED DECEMBER 31, 2007 COMPARED TO YEAR ENDED DECEMBER 31, 2006 For the fiscal year ended December 31, 2007 we had total revenue of $8,791,131 compared to revenue of $803,493 for the fiscal year ended December 31, 2006. The major components of revenues are flat fee revenue, product sales and license revenue. Flat fee revenue represents revenues generated on a flat fee basis or obtaining manufacturing approval fo...
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CONSPIRACY ENTERTAINMENT HOLDINGS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a D

Item 1.01 Entry into a Material Definitive Agreement On May 21, 2009, Conspiracy Entertainment Holdings, Inc. (the "Company") entered into a subscription agreement (the "Subscription Agreement"), by and among the Company and the subscribers listed therein (the "Subscribers"). Pursuant to the Subscription Agreement, the Company issued and sold secured convertible notes in the aggregate principal amount of $150,000 (the "Notes") to the Subscribers. Immediately following the closing, there were 51,189,605 outstanding shares of the Company's common stock. The Notes mature one year from the date of issuance and will accrue interest at the rate of 15%. Upon a default in the payment of any amounts due under the Notes, the interest rate will be increased to 18%. Upon the occurrence of an Event of Default (as such term is defined in the Notes), all principal and interest then remaining unpaid shall be immediately due and payable. Events of Default include but are not limited to (i) the Company's failure to make payments when due, (ii) breaches by the Company of its representations, warranties and covenants, and (iii) delisting of the Company's common stock from the OTC Bulletin Board. Pursuant to the terms of the Notes, the Subscribers have the right, so long as the Notes are not fully repaid, to convert the Notes into shares of the Company's common stock at a conversion price of $.01 per share, as may be adjusted. The Notes contain anti-dilution provisions, including but not limited to if the Company issues shares of its common stock at less than the then existing conversion price, the conversion price of the Notes will automatically be reduced to such lower price. The Notes contain limitations on conversion, including the limitation that the holder may not convert its Note to the extent that upon conversion the holder, together with its affiliates, would own in excess of 4.99% of the Company's outstanding shares of common stock (subject to an increa...
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CONSPIRACY ENTERTAINMENT HOLDINGS INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The information in this report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This Act provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information about themselves so long as they identify these statements as forward looking and provide meaningful cautionary statements identifying important factors that could cause actual results to differ from the projected results. All statements other than statements of historical fact made in this report are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. Forward-looking statements reflect management's current expectations and are inherently uncertain. Our actual results may differ significantly from management's expectations. The following discussion and analysis should be read in conjunction with the financial statements and notes thereto included elsewhere in this report and with our annual report on Form 10-K for the fiscal year ended December 31, 2008. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management. Results of Operations Three Months Ended March 31, 2009 Compared to Three Months Ended March 31, 2008 Revenues for the three months ended March 31, 2009 were $3,545,968, compared to $3,240,866 for the three months ended March 31, 2008. This represents an increase of $305,102 or 9.4%. This increase was primarily attributable to more balanced reorders unlike 2008 when the majority of sales was for Winter Sport...
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CONSPIRACY ENTERTAINMENT HOLDINGS INC Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. FORWARD-LOOKING STATEMENTS The information in this annual report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This Act provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information about themselves so long as they identify these statements as forward looking and provide meaningful cautionary statements identifying important factors that could cause actual results to differ from the projected results. All statements other than statements of historical fact made in this report are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. Forward-looking statements reflect management's current expectations and are inherently uncertain. Our actual results may differ significantly from management's expectations. The following discussion and analysis should be read in conjunction with the financial statements of Conspiracy Entertainment Holdings, Inc., included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management. RESULTS OF OPERATIONS - YEAR ENDED DECEMBER 31, 2008 COMPARED TO YEAR ENDED DECEMBER 31, 2007 For the fiscal year ended December 31, 2008 we had total revenue of $10,905,490, compared to revenue of $8,791,131 for the fiscal year ended December 31, 2007. The major components of revenues are flat fee revenue, product sales and license revenue. Flat fee revenue represents revenues generated on a flat fee basis or obtaining manufacturing approva...
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