Upon being relieved of his duties at Atari, Phil Harrison has been looking for his next massive fail. After rolling off an aspiring adult film actress, Ron Jeremy decided he’s getting too old for porn and needs something else to poke his head into. They found each other at a party in Los Angeles shortly after Phil was decommissioned by Atari.

Check out the exclusive SG coverage after the jump.

In a discreet press conference during E3 at the Spearmint Rhino buffet/strip club, SG discovered a small presser attended by a few esteemed members of the porn and gaming communities. Phil and Ron announced their new project, Money Shot Game Studios. For obvious reasons we can’t show you the logo.

When asked about the games they would be releasing Jeremy said, “We want to bring that adult edge that the video game industry just doesn’t have. You all know the ESRB ratings: E for everyone, T for teen, M for mature, and AO for adults only. We want them to create a new rating for our games, HS for holy sh**!”

Also announced was their spring 2010 line up which included Ron Jeremy’s Love Paint for Wii, Xbox 360, and the PS3. The only description they would give is that it’s a mixture of paint ball and leap frog in stunning 1080i. They were also proud to admit that they had created an entirely new shade of white just for this title. Other titles with no details other than the names were Ron Jeremy’s Back Door Games for the DS and Ron Jeremy’s The Shocker for the XBLA.

When asked what they thought Jack Thompson would do when he found out, Jeremy commented, “The brick in his pants is going to be solid gold.”

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