BEIJING, Feb. 19 /Xinhua-PRNewswire/ -- Perfect World Co., Ltd. (Nasdaq: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced it has entered into new licensing agreements with Cubinet Interactive Sdn. Bhd. ("Cubinet"), a famous online game operator in Malaysia, to license two of the Company's games. Cubinet will license "Legend of Martial Arts" in Vietnam and "Zhu Xian" in Vietnam, Thailand, Malaysia and Singapore.
"Legend of Martial Arts" and "Zhu Xian" are two of the Company's most popular massively multiplayer online role-playing games (MMORPGs) that have been licensed to overseas markets following a number of overseas licenses of "Perfect World II." The Company has obtained sufficient operational experience in China and achieved impressive results in operating "Legend of Martial Arts" and "Zhu Xian" in China. These new agreements boost the number of overseas licenses for "Legend of Martial Arts" to eight and mark the Company's first step to license "Zhu Xian" to four countries within one year after its initial launch.
"Our relationship with Perfect World started with an agreement to license 'Perfect World II,'" commented Mr. Andy Choe, Chief Executive Officer of Cubinet. "The solid performance of 'Perfect World II' provides a strong foundation for the future prospects of these latest licensing agreements. Cubinet is dedicated to providing high-quality game products for players in a number of regions, and I believe we have a number of similarities with Perfect World in terms of our objectives and vision. For this reason, I believe "Legend of Martial Arts" and "Zhu Xian" will deliver solid results in the Southeast Asia market."
"I'm very pleased that we will be strengthening our relationship with Cubinet through these new licensing agreements," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World, "This not only marks another milestone in our international expansion, but I also believe that it will be a successful partnership given the impressive results delivered by 'Legend of Martial Arts' and 'Zhu Xian' in the Chinese market."
About Cubinet Interactive Sdn. Bhd. ( http://www.cubinet.com )
Cubinet Interactive Sdn. Bhd. ("Cubinet") is engaged in developing high-quality game products in Southeast Asia market. Composed of a large number of senior experts in all aspects, Cubinet also has strong network support and user's community. In addition to the publication and operation of games in Malaysia and Singapore, Cubinet also develops business throughout the Southeast Asia region. Through cooperation with Perfect World, the company succeeds in operation of "Perfect World II" in Malaysia and Singapore, which becomes one of the best performed online games in Southeast Asia region in 2007.
About Perfect World Co., Ltd. ( http://www.pwrd.com )
Perfect World Co., Ltd. (Nasdaq: PWRD) is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional ("3D") online games based on the proprietary Angelica 3D game engine and game development platform. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games designed to cater to changing customer preferences and market trends in China. The Company's current portfolio of self-developed 3D massively multiplayer online role playing games ("MMORPGs") includes "Perfect World," "Legend of Martial Arts," "Perfect World II", "Zhu Xian" and "Chi Bi." The Company uses a time-based revenue model for "Perfect World," and an item-based model for "Legend of Martial Arts," "Perfect World II", "Zhu Xian" and "Chi Bi." While most revenues are generated in China, the Company's games have been licensed to leading game operators in more than ten countries and regions. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.
Safe Harbor Statements
This press release contains forward-looking statements. These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "future," "plans" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, our limited operating history, our ability to protect our intellectual property rights, our ability to respond to competitive pressure, and changes of the regulatory environment in China. Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For further information, please contact
Perfect World Co., Ltd.
Vivien Wang
Investor Relations Officer
Tel: +86-10-5885-1813
Fax: +86-10-5885-6899
Email: ir@pwrd.com
http://www.pwrd.com
Christensen Investor Relations
Peter Homstad
Tel: +1-480-614-3026
Fax: +1-480-614-3033
Email: phomstad@christensenir.com
Jung Chang
Tel: +852-2117-0861
Fax: +852-2117-0869
Email: jchang@christensenir.com
