Lee Perry, the now former senior gameplay designer for Gears of War, has taken a few Epic employees with him to start a new company, Bitmonster.

Along with the announcement of Perry's new company also comes the announcement of Bitmonster's first game, Lili. Lili is an RPG/adventure game for iOS devices. The game is being built using the Unreal Engine, and it's likely that future games from the company will also use Epic's popular game development engine.

No word on a release date for Lili just yet, but you can check out the teaser trailer below.

[via Joystiq]