With the release of key titles essential to a company’s financial health, Midway has announced that it is delaying Unreal Tournament 3 and BlackSite: Area 51.

Unreal Tournament will now see the light of day in the first quarter of 2008, as will Blacksite which was originally scheduled for release this October.

With the delays come revised financial estimates for the third quarter of this year with the company predicting sales down from the original $50 million to $39 million.

"While we regret that these delays will cause us to lose some valuable holiday sales in the near term as well as shift revenue for some of these titles out of 2007 and into 2008, we remain confident that our technology strategy and product plan position us to grow both revenue and market share as we move into the heart of this console cycle," said Midway's CEO David Zucker.