SouthPeak Games, the company currently dealing with Monster Madness EX: Battle for Suburbia for the PlayStation 3 has just announced a license agreement with Epic Games for use of the Unreal Engine 3. The studio will not only use Epic's UE3 in the development of its upcoming PS3 game, but also for other video game titles worldwide, according to the official report. The agreement is in effect throughout the life of the UE3 technology application across all major platforms including downloadable content.

In Monster Madness EX: Battle for Suburbia, currently under development by Psyonix Studios for Sony's PS3, players will set out to save their town from... evil. With tightened controls, a host of mini-games, a polished camera and newly built in extras, Monster Madness: EX promises to be the beat-em-up brawler PS3 system owners have been looking for, says an earlier report.

"Independent developers need more opportunities to bring their games to market with next-generation technology," said Katie Morgan, executive vice president at SouthPeak Games. "UE3 provides developers all the tools and resources necessary to build great games and SouthPeak is giving talented developers a chance to focus on creating their games without spending the resources to create an engine to support it."

"We see this as a landmark agreement for Epic and the UE3 technology because of SouthPeak's focus on independent developers," said Mark Rein, vice president of Epic Games. "They are going to bring UE3 to a group of developers that have fantastic games but would typically have to wait a long time to work with our award-winning game engine."

"Our focus on UE3 technology has been key to our success as an independent studio. This is an ideal opportunity for us to work with SouthPeak on our projects," said Dave Hagewood, president of Psyonix Studios. "We're excited to be working with SouthPeak to bring our upcoming game to market in 2008."

SouthPeak Games is a publisher and distributor of entertainment software since 1996.