Perfect World Announces Recent Business Developments

BEIJING, Jan. 7, 2011 /PRNewswire-Asia/ -- Perfect World Co., Ltd. (Nasdaq: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator based in China, today announced its recent business developments as of January 7, 2011.

Press Releases Issued During the Period:

November 15, 2010 – Perfect World Announces Third Quarter 2010 Unaudited Financial Results

December 3, 2010 – Perfect World Announces the Introduction of New Martial Arts MMORPG "Heaven Sword and Dragon Saber"

December 28, 2010 – Perfect World Launches Unlimited Closed Beta Testing for "Empire of the Immortals"

EXPANSION PACKS

"Zhu Xian" Expansion Pack - "Breach of Heaven"

On November 23, 2010, Perfect World released the expansion pack "Breach of Heaven" for its 3D MMORPG "Zhu Xian."  With the expansion pack, players enjoy an exciting new gaming plot, cross-server maps, as well as a new "Pneuma System."  The expansion pack also introduces new skills and opens up new gameplay.

"Perfect World II" Expansion Pack - "Perfect World II 2012"

On December 8, 2010, Perfect World released the expansion pack "Perfect World II 2012" for its 3D MMORPG, "Perfect World II."  The expansion pack introduces a new race called "Earth God" along with new classes; and supplies a wealth of fresh updates such as new clan battles, new scenes, and an upgraded production system.

"Chi Bi" Expansion Pack - "Tiger Mercenary"

On December 20, 2010, Perfect World released the expansion pack "Tiger Mercenary" for its 3D MMORPG "Chi Bi."  The expansion pack offers new features such as the "Mercenary System," new battlegrounds and maps.  The new elements broaden gameplay and provide players with an even more enjoyable gaming experience.

"Pocketpet Journey West" Expansion Pack - "Rise of the Demon King"

On December 22, 2010, Perfect World released the expansion pack "Rise of the Demon King" for its 3D MMORPG "Pocketpet Journey West."  In the expansion pack, new elements, including a new race known as "Demons," new classes, new armors and new maps are added to bring fresh gaming experiences to players.

OVERSEAS LICENSING AGREEMENTS

Licensing "Forsaken World" to Indonesia

On December 20, 2010, Perfect World signed an agreement with PT. LYTO Datarindo Fortuna ("LYTO") to license "Forsaken World" to Indonesia.  The game caters to the tastes of global game players.  Set against the backdrop of a fantasy world, "Forsaken World" breaks new ground by introducing a multitude of innovative features and novel gaming concepts.  Players themselves are able to alter the fate of the world through their individual actions in the game.  "Forsaken World" was first launched in Mainland China in October 2010.

Licensing "Battle of the Immortals" to Indonesia

On December 24, 2010, Perfect World signed an agreement with PT. Buana Online Internasional, a subsidiary of PT. Prodigy Infinitech ("Prodigy"), to license "Battle of the Immortals" to Indonesia.  Originally released in 2009 in Mainland China, "Battle of the Immortals" is Perfect World's first 2.5D mysterious adventure MMORPG.  To date, "Battle of the Immortals" has been licensed to dozens of countries and regions.

Licensing "Dragon Excalibur" to Korea

On December 29, 2010, Perfect World signed an agreement with Weaver Interactive Inc. ("Weaver") to license "Dragon Excalibur" to Korea.  "Dragon Excalibur" is a 2D real-time MMORPG developed by one of Perfect World's Shanghai-based R&D teams.  Running on a brand new game engine, it features lustrous visual effects, exciting clan battles that blend Eastern and Western fighting styles, diversified pet systems and innovative classes and skills. "Dragon Excalibur" was first launched in Mainland China in October 2010.

OVERSEAS LAUNCHES

Launch of "Battle of the Immortals" in the Philippines, Singapore, Malaysia, Thailand and Korea

In December 2010, Perfect World launched its 2.5D mysterious adventure MMORPG "Battle of the Immortals" in the Philippines through Cubinet Interactive Philippines Corporation, a company under Cubinet Interactive Group ("Cubinet Interactive"); in Malaysia and Singapore through AS Online Sdn. Bhd ("AS Online"); in Thailand through i Digital Connect Co., Ltd ("iDCC"); and in Korea through NDOORS Corporation ("NDOORS").  

Launch of "Hot Dance Party" and "Battle of the Immortals" in the Russian Federation and Other Russian Speaking Territories

In December 2010, Perfect World launched "Hot Dance Party" and "Battle of the Immortals" in the Russian Federation and other Russian speaking territories through its partner in Russia..  "Hot Dance Party" is Perfect World's first online casual game, and was first launched in Mainland China in 2008.  To date, "Hot Dance Party" has been licensed to dozens of countries and regions.  Originally released in 2009 in Mainland China, "Battle of the Immortals" is Perfect World's first 2.5D mysterious adventure MMORPG.  To date, "Battle of the Immortals" has been licensed to dozens of countries and regions.

Launch of "Legend of Martial Arts" in North America

In December 2010, Perfect World launched its 3D MMORPG "Legend of Martial Arts" in North America through its wholly owned subsidiary Perfect World Entertainment Inc.  "Legend of Martial Arts" is a cartoon MMORPG based on a popular TV drama series of the same Chinese name and has been localized by the Perfect World's R&D team to cater to North American gamers.  "Legend of Martial Arts" was first launched in Mainland China in 2006.

Launch of "Forsaken World" in Taiwan

In January 2011, Perfect World launched its 3D fantasy MMORPG "Forsaken World" in Taiwan through its partner Gameastor Digital Entertainment Co., Ltd., a subsidiary of Gamania Digital Entertainment Co., Ltd. (OTC: 6180)( "Gamania").

About PT. LYTO Datarindo Fortuna (http://www.LYTOgame.com)

PT. LYTO Datarindo Fortuna, established in 2003, is the largest online game entertainment publisher in Indonesia.  LYTO's mission is to provide the new way of gaming experiences through the introduction of Massive Multiplayer Online Games (MMOGs).  Headquartered in Jakarta, LYTO has more than 10 branch offices throughout Indonesia.  As of 2010, LYTO has published 14 games, including "Perfect World," which became one of the most popular games in Indonesia.  The genres of LYTO's titles vary from RPG, casual and RTS to webgames.  Currently, LYTO has a large number of Internet Café players and home players.  In the future, LYTO will continue to build relationships with more game developers to bring bigger and better online entertainment to Indonesia.

About PT. Prodigy Infinitech (http://www.prodigy.co.id)

PT. Prodigy Infinitech was founded in April 2008 by a management team with a passion to bring the world's best games to Indonesia.  In June 2009, Prodigy acquired exclusive license to operate "Runes of Magic" in Indonesia.  In 2010, Prodigy released in Indonesia a popular online game called "Canaan Online," which won a huge following in the country's gaming community and gained great attention in a gaming exhibition jointly held by Prodigy.  Prodigy aims to unite the diverse communities in Indonesia through online gaming, and foster a lifestyle of fun and enjoyment with interactive entertainment.  Prodigy also aims to grow into a top game publisher, and continues its mission to introduce localized versions of high-end game titles from all around the world to the growing Indonesian gaming society.

About Weaver Interactive Inc. (http://www.weaverkorea.com)

Established in August 2002, Weaver Interactive Inc. is a leading Korea-based online game developer and publisher.  Weaver has an attractive portfolio of 2D online games, with popular titles such as its proprietary "Online Samgukji" and "Peacock King Returns."  To date, Weaver has successfully published games in several Asian countries and territories, including Mainland China, Taiwan, Japan, Cambodia and Uzbekistan; and is currently preparing a new lineup of next-generation game titles.  Weaver is committed to leveraging its extensive industry experience to expand the business in Asia and the greater global market.

About Cubinet Interactive Group (http://www.cubinet.com)

Cubinet Interactive Group is engaged in developing and publishing high-quality game products in the Southeast Asia market.  Composed of a large number of senior experts in all aspects, Cubinet Interactive also has strong network support and a strong user's community.  In addition to the publication and operation of games in Malaysia and Singapore, Cubinet Interactive also develops business throughout the rest of Southeast Asia region.  Through cooperation with Perfect World, the company successfully launched "Perfect World II" in Malaysia and Singapore.  "Perfect World II" was one of the best performing online games in Southeast Asia in 2007.  In addition, the company also introduced Perfect World's other games such as "Legend of Martial Arts," "Chi Bi," "Zhu Xian" and "Hot Dance Party" to the region where they also became popular.

About AS Online Sdn. Bhd (http://www.asiasoft.net/ )

AS Online Sdn. Bhd, an online game operator in Malaysia, was formed in February 2007 as a wholly owned subsidiary of Asiasoft International Co., Ltd., which is ultimately owned by Asiasoft Corporation Public Company Limited (BAK:AS), a listed company in Thailand. Asiasoft Group has a presence in Singapore, Malaysia, Thailand and Vietnam, serving over 18 million registered gamers. Founded in 2001, Asiasoft Group collaborates with game developers through an integrated services platform to tap the growth potential of South East Asia.

About i Digital Connect Co., Ltd. (http://www.boi.in.th)

i Digital Connect Co., Ltd. was formed in early 2010 by a passionate team of industry veterans with a shared dream to provide quality online games to Thai consumers, and drive the growth of Thailand's digital content industry to the international level. iDCC's management team has been involved in the gaming industry across various platforms, including PC Online, PC Offline and Arcade, for over 13 years. Each member of management has a strong track record, with all of them having successfully launched over 12 games during their careers, some of which went on to become #1 in the Thai market across various genres.

About NDOORS Corporation (http://www.ndoors.com)

NDOORS Corporation was established in 1999 and has been dedicated to the internet and gaming business ever since.  The company is also creating a virtual world where internet users can have fun. With extensive marketing experience and technological expertise, NDOORS Corporation is evolving into an international game company.  It has successfully entered into the North American and Japanese markets and has developed a number of online games including "Atlantica."  NDOORS Corporation aims to introduce variety and new concepts into cultural content and games.

About Gamania Digital Entertainment Co., Ltd. (http://www.gamania.com)

Gamania Digital Entertainment Co., Ltd. (OTC: 6180) is a pan-Asian leading online game developer, publisher and operator, providing high-quality online game services to customers. Established in 1995, Gamania, headquartered in Taipei, has been working towards expanding business in the Asian markets, and today has operations in Taiwan, Hong Kong, Korea, Japan, Mainland China, Europe and United States. In addition to its famous licensed online games, "Lineage" and "Maple Story," Gamania has recently been striving to develop additional in-house titles and other diversified services such as animation. Gamania's goal is to build a world-class digital entertainment platform.

About Perfect World Co., Ltd. (http://www.pwrd.com)

Perfect World Co., Ltd. (NASDAQ: PWRD) is a leading online game developer and operator based in China.  Perfect World primarily develops online games based on proprietary game engines and game development platforms.  The Company's strong technology and creative game design capabilities, combined with extensive knowledge and experiences in the online game market, enable it to frequently and promptly introduce popular games designed to cater changing customer preferences and market trends.  The Company's current portfolio of self-developed online games includes massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," "Chi Bi," "Pocketpet Journey West," "Battle of the Immortals," "Fantasy Zhu Xian," "Forsaken World," "Dragon Excalibur," and "Empire of the Immortals;" and an online casual game: "Hot Dance Party."  While a substantial portion of the revenues are generated in China, the Company's games have been licensed to leading game operators in a number of countries and regions in Asia, South America and the Russian Federation and other Russian speaking territories.  The Company also generates revenues from game operations in North America, Europe and Japan.  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," "anticipates," "future," "intends," "plans," "believes," "estimates" 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 develop and operate new games that are commercially successful, the growth of the online game market and the continuing market acceptance of our games and in-game items in China and elsewhere, our ability to protect our intellectual property rights, our ability to respond to competitive pressure, our ability to maintain an effective system of internal control over financial reporting, changes of the regulatory environment in China, and economic slowdown in China and/or elsewhere.  Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.  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.