BEIJING, Jan. 22 /PRNewswire-Asia/ -- Perfect World Co., Ltd.
(Nasdaq: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced that it recently signed an agreement with KTHitel Co., Ltd. (KOSDAQ: 036030) ("KTH"), an internet portal operator and digital content provider in Korea, to license "Chi Bi," the Company's 3D massively multiplayer online role playing game ("MMORPG") based on the Three Kingdoms period in Chinese history, to the Korean market.
"Chi Bi" was launched domestically in January 2008 and is Perfect World's first historical theme-based 3D MMORPG. The game's unique features, such as the "18 Legendary Weapons System," the "Battle of the Three Kingdoms System," and cutting edge graphic design, have proven to be quite popular with players. "Chi Bi" has previously been licensed in a number of countries and regions including Taiwan, Malaysia and Japan.
Mr. RO, Tae-Seok, Chief Executive Officer of KTH, said, "There are many online games based on the Three Kingdoms period. However, we believe 'Chi Bi' is exceptional in terms of its technological standard, system settings and cultural interpretation of the period. I believe it will prove to be quite popular and stoke interest in the Three Kingdoms period in the Korean market."
"We are pleased to partner with KTH," Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World, commented, "This licensing agreement marks a great opportunity for both parties and we believe it will enable Korean players to embark on an exciting journey back to this unique period in Chinese history."
About KTHitel Co., Ltd. ( http://www.kthcorp.com )
KTHitel Co., Ltd (KOSDAQ: 036030) operates the Korean-based internet portal "paran.com" and the online game portal allstar.com.kr. The Company also creates and services digital content. The internet portal service provides a powerful search engine, entertainment content such as movies and music, local information, community clubs, user created contents, email, blog, and instant messenger access, and supports mobile platform and internet protocol television (IPTV). KTH provides digital content including games, film, music and e-learning to the KT Group and other companies. The online game portal "allstar.co.kr" provides online gamers access to such hits as "TwelveSky2," "Another Day," "Paewang," "FreeStyle" and lots of web board games, mobile games and more.
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 that are designed to cater to changing customer preferences and market trends in China. The Company's current portfolio of self-developed online games includes 3D massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," "Chi Bi" and "Pocketpet Journey West;" and a 3D 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
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
