Perfect World Signs New Licensing Agreement with
IP E-Game Ventures Inc. |
Beijing China (June 25, 2008) --Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced that it has entered into a new licensing agreement with IP E-Game Ventures Inc., a well-known online game operator in the Philippines, on June 12, 2008. IP E-Game Ventures Inc. will license Perfect World's "Zhu Xian" game in the Philippines. "Zhu Xian" is based on a popular internet fantasy novel with the same name. The game has been well-received among domestic online game players since its launch in May 2007. On May 28, 2008, Perfect World launched "Samsara in the Six Realms" expansion pack and propelled a new round of enthusiasm for the game. The new expansion pack introduced new features to the game, including a brand new "Ghost" school and the "Pet System." These latest features will be included in the English version that will be licensed to the Philippines. Steve Tsao, President and Chief Operating Officer of IP E-Game Ventures Inc., commented, " 'Zhu Xian' is a popular online game in China and we are very pleased to enter an agreement with Perfect World to license it in the Philippines. Given Perfect World's extensive international experience and our operating capabilities in the Philippines, we believe gamers in the country will greatly enjoy 'Zhu Xian.' " Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World, added, "We are very happy to add the Philippines to the list of countries to which 'Zhu Xian' has been licensed. Successful overseas licensing is an indicator of our rapid growth in international expansion, and we believe our continued success in exporting our portfolio of games to markets outside of China demonstrates quality and adaptability of our games. I believe we will see impressive results from 'Zhu Xian' through our joint efforts with IP E-Game Ventures Inc." About IP E-Game Ventures Inc. IP E-Game Ventures Inc. is a subsidiary of IPVG Corp. (PSE: IP). IP E-Game Ventures Inc. operates the online gaming business unit of IPVG Corp. IP E-Game Ventures Inc. has the exclusive distribution rights to "RAN Online," "O2Jam," "Audition," "Supreme Destiny" and the Korean Presidential Award recipient "Granado Espada." IP E-Game Ventures Inc. is one of the leading online game publishers in the Philippines and holds the well-received titles in the Philippines, namely MMORPG "RAN Online," rhythm and dance casual games "O2Jam" and "Audition." IP E-Game Ventures Inc.'s strategic minority investors include The Philippine Star Group and E-Store Exchange (an affiliate of GMA7). For more information, log on to: www.e-games.com.ph
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," and "Chi Bi;" and a 3D casual game: "Hot Dance Party." While most revenues are generated in China, the Company's games have been licensed to leading game operators in more than ten countries and regions. 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, and changes of the regulatory environment in China. 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. Christensen Investor Relations Jung Chang |