Chair Entertainment Group, an independent video game production company, today announced that it has signed an exclusive deal with Epic Games to license the award-winning Unreal® Engine 3 for all its present and upcoming game development projects.

The deal covers all games developed for Xbox® 360, PlayStation® 3 and PC and the first game that will be released under the new agreement will be Undertow® for Xbox LIVE® Arcade, which is due to go live worldwide this summer. The game, which reve...