C Y Foundation Announces 2010/11 Interim Results

C Y Foundation Group Limited
2010-11-29 20:23 958

Turnover Surges 57 %

Further Improvement Expected After Full Launch of Rohan

HONG KONG, Nov. 29, 2010 /PRNewswire-Asia/ -- The leading interactive digital entertainment company, C Y Foundation Group Limited (SEHK: 1182; "C Y Foundation" or the "Group"), today was pleased to announce its 2010/11 interim results for the six months ended 30 September 2010 (the "Period").  During the Period, turnover amounted to HK$88 million representing an increase of 57% compared to the same period last year.  Beta testing programmes and marketing campaigns have been rolled out for the Group's key revenue driver, Rohan. These are major steps toward the full launch of the game in the China market. 

Mr. Theodore Cheng Chee Tock, Chairman of C Y Foundation said, "The Group was granted approval by both the Ministry of Culture and the General Administration of Press and Publications to operate Rohan.  Revenue from the digital entertainment business will improve further after the product's grand launch."

Over the same financial reporting period, the C Y Foundation's packaging products and watch trading businesses have recorded impressive improvements in sales performance with sales increasing by 50% and 205% respectively.  With solid businesses in Europe, the United States and Southeast Asia, as well as new initiatives in the PRC market, the Group's performance will continue to improve.

Commenting on future development plans, Mr. Cheng said, "Looking forward, we will continue to put more effort into the digital entertainment business, I am delighted that Rohan has achieved a major milestone for the Group's digital entertainment business in China. The game forms the cornerstone of our strategy to expand and accelerate the development of online games across the country. "

About C Y Foundation Group Limited

C Y Foundation is an interactive digital entertainment company that provides quality entertainment across China. It is dedicated to organizing and running P2P tournaments for prizes throughout the mainland. The C Y Foundation is also set to provide a network of Internet cafes in China as well as a national electronic tournament platform to tap opportunities in the online tournament gaming market.

Issued by Porda International (Finance) PR Group for and on behalf of C Y Foundation Group Limited. For further information, please contact:

Porda International (Finance) PR Group

Ms. Miranda Fok
+852 3150 6781

Ms. Alman Loong
+852 3150 6731

Ms. Samantha Yeung
+852 3150 6735

Fax: +852 3150 6728

Source: C Y Foundation Group Limited