Paradox Interactive has just announced the release date for East India Company now has an official release date of July 28th.

Developed by Finland based Nitro Games Ltd. East India Company is based on the historical East India trading companies of the 18th century. Players will enjoy building the world’s largest trading empire as well as engaging in fierce naval battles against enemy fleets.

The East India Company Features Revealed at E3:

Extensively moddable: from damage values, to trade item prices, to ship textures.
Multiplayer support for up to 12 players.
Multiple ways to win the game: accomplishing all campaign missions, forcing all other companies out of business or conquering the whole of the East Indies.
Multiple approaches possible: focus on trading, warfare and conquest or use diplomacy to reach your goals. East India Company can also be played as a pure trading game.
Dynamic economy where supply and demand affect prices of trading items.
Create your own armada with a maximum of 100 ships.
Different multiplayer battle modes including ‘Last Man Floating’ and ‘Domination’.
Unlock new ship types as they become available, from smallest sloop to 90 gun ship-of-the-line.

Kim Soares the Lead Designer has also filmed a two part game presentation.

Part One

Part Two