BEIJING, March 26 /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 that it has entered into agreements to acquire 100% equity interest in C&C Media Co., Ltd. ("C&C Media"), a Japanese online game operator from ATLUS Co., Ltd. ("ATLUS"), a Japanese computer and video game developer, publisher, and distributor and other shareholders of C&C Media. Under the acquisition agreements, Perfect World will pay an aggregate purchase price of approximately US$21.0 million. Upon consummation of the transactions contemplated in the acquisition agreements, C&C media will become a wholly owned subsidiary of Perfect World.
(Logo: http://www.prnasia.com/sa/2009/04/16/200904161852.jpg )
"We are very pleased to sign these agreements to acquire C&C Media," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "This strategic acquisition will help us further penetrate into the Japanese online game market to capture the growth opportunities there and allow us to effectively expand our overseas operating capabilities. It is also a noteworthy achievement for our Company, as we once again successfully made progress on our goal of becoming one of the leading online game companies in the world."
About C&C Media Co., Ltd. (http://www.cc-media.co.jp )
C&C Media Co., Ltd. was founded in June 2001. Because of its operation philosophies and strength in today's increasingly competitive Japanese internet business, C&C Media has successfully established and maintained its market position. C&C Media has built a website, "MK-STYLE," featuring online games and game services for individual users. Supported by its strong operations team, the breadth of C&C Media's operations will continue to grow.
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 introduce popular games that are designed to cater to changing customer preferences and market trends promptly. 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" and "Fantasy Zhu Xian;" 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, Europe and South America. The Company also generates revenues from game operation in North America. 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," "believes" 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, 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.
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
Web: http://www.pwrd.com
Christensen Investor Relations
Kathy Li
Tel: +1-480-614-3036
Fax: +1-480-614-3033
Email: kli@christensenir.com
Roger Hu
Tel: +852-2117-0861
Fax: +852-2117-0869
Email: rhu@christensenir.com
