While the story broke several days ago due to many keen observers in the community, the organization stayed quiet up until Sunday night when they released a post speaking of the loss.

Included in the post was a statement from the CEO of mTw, Lars Eiben; a translation appears below.

"Our partnership with AMD was canceled by AMD on December 31, 2008. We were informed in time and thus we had the chance to start looking for other opportunities. AMD canceled their arrangement with mTw due to the economical situations, which as we all know is in a decline. We won’t be the only ones who are affected by AMD’s decision to cutback in eSports. I really regret this step by AMD, as we actually expected a long-term partnership with the company. Nevertheless, thanks to support from our remaining partners and the good work of our management, mTw will be well-prepared for 2009. We will try to continue our success in the future."

It appears that mTw will be prepared to weather the storm despite the setback. This brings positive news not only for the teams and players under the mTw banner for a competitive 2009 season, but also to the many fans of the organization.

Source: www.mymtw.com