SHANGHAI, China, May 27 /Xinhua-PRNewswire-FirstCall/ -- Giant Interactive Group (NYSE: GA; or “the Company”) announces that it resumed full and normal operation of all game servers as of 0:00 am on May 22, 2008 Beijing Time, following observance of a three-day mourning period for the victims of the Sichuan earthquake. Concurrent user levels have returned to levels reported prior to the earthquake.
Based on the current outlook, Giant continues to expect to generate total net revenues for the second quarter of 2008 in the range of RMB495 million to RMB505 millions, as initially provided during the Company’s most recent earning report.
About Giant
Giant is one of China’s leading online game developers and operators in terms of revenues, focusing on massively multiplayer online role playing games. Giant’s first game, ZT Online, was voted the most popular online game in China in 2006 according to the International Data Corporation. The Company’s second game, Giant Online, entered into open beta testing on March 28, 2008. Giant has two additional online games that it intends to commercially launch, including King of Kings III and Empire of Sports. Giant has built a nationwide distribution network to sell the prepaid game cards and game points required to play its games, which as of March 31, 2008 consisted of over 270 distributors, and reached over 116,500 retail outlets, including internet cafes, software stores, supermarkets, bookstores, newspaper stands, and convenience stores located throughout China. For more information, please visit Giant Interactive Group on the web at http://www.ga-me.com .
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 relating to, among other things, Giant’s revenue projections for the second quarter of 2008. Giant’s industry is highly competitive and it faces a number of risks including those outlined under “Risk Factors” beginning on page 12 of Giant’s prospectus filed with the Securities and Exchange Commission on November 1, 2007. Giant undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release. Such information speaks only as of the date of this release.
For more information, please contact:
Investor Contact:
Eric He, CFO
Giant Interactive Group Inc.
Tel: +86-21-6451-5001
Investor Relations (HK):
Ruby Yim
Taylor Rafferty
Tel: +852-3196-3712
Investor Relations (US):
Mahmoud Siddig
Taylor Rafferty
Tel: +1-212-889-4350
Media Contact:
John Dudzinsky
Taylor Rafferty
Tel: +1-212-889-4350
