BEIJING, August 13, 2013 /PRNewswire/ -- Santaro Interactive Entertainment Company (OTCQB: STIE) (the "Company"), a technology and game development and distribution company with operations in Beijing and Ningbo, China, today announced the development of Meng Jiang Lu, a mobile-based collectable card game. The development of the game was initiated in December 2012, and will launch closed beta testing on or about August 20, 2013. The game is expected to be available on Apple's App Store in October 2013. The Company's development team, which is now based in Shanghai, is led by the founder and former head of Coconut Island Studio, Mr. Ye Feng.
The Company is also currently converting the original 108 Warriors MMORPG to a mobile and web-based game. Additionally, 1799.com, the Company's browser game platform launched in November 2012, has started generating revenue since December 2012. The platform currently has over 232,000 registered users, with more than 40,000 having joined in the last three months.
The Company will continue to focus its online game division on distribution, with both Chinese and International third party developers, in addition to its proprietary web-based and mobile games.
About Santaro Interactive Entertainment Company
Santaro Interactive Entertainment Company is a development stage company that primarily designs, develops and operates web-based Massive Multiplayer Online Role-Playing Games (MMORPGs), mobile games, browser game platforms, as well as related products and services.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended and such forward looking statements are intended to be covered by the safe harbors created thereby. These forward-looking statements can be identified by terminology such as "will," "expects," "future," "plans," "believes" and similar statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties.
All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the Company's limited operating history, the Company's ability to protect its proprietary information; changes in China's economic, political or social conditions or government policies, and other risks detailed in the Company's filings with the U.S. Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Website: www.stiechina.com
