Perfect World to Launch Closed Beta Testing for "Perfect World International" in North America
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Beijing China (July 15, 2008) - Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced that its wholly owned subsidiary, Perfect World Entertainment Inc. ("PWE"), will launch the closed beta testing for "Perfect World International" on August 19, 2008. "Perfect World International" is based on the Company's original and popular 3D massively multiplayer online role playing game ("MMORPG"), "Perfect World II," and has been customized for the North American market to bring more fun to online game players. The game's official website will go live today. It is scheduled to be launched and operated solely by PWE in North America. "I am very pleased that we are launching this game in the North American market," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "Our proven track record of licensing 'Perfect World II' to more than ten countries and regions demonstrates our ability and commitment to the effective execution of our strategies. International expansion is an important component of our strategy. We expect to continue to drive our development in various overseas markets as we attempt to become one of the leading online game companies in the world." Mr. Alan Chen, Senior Vice President of Perfect World and Chief Executive Officer of PWE added, "We have been working on the localization of 'Perfect World International' to cater to customer preference and market trends in the North American market. I believe our strong technology, creative game design capabilities and exceptionally talented team will make'Perfect World International' one of the popular online games in the North American market. I believe that it will become another great overseas success for us." 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 |