Perfect World Announces Recent Business Developments
BEIJING, March 11, 2013 /PRNewswire/ -- Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator based in China, today announced its recent business developments as of March 11, 2013.
Press Release Issued During the Period:
March 5, 2013 – Perfect World to Increase Its Investment in VC Fund
Launch of "Adventure in the Three Kingdoms"
On January 23, 2013, Perfect World launched "Adventure in the Three Kingdoms" in China and Southeast Asia. "Adventure in the Three Kingdoms" is an RPG web game based on the Three Kingdoms, a well-known period in ancient Chinese history. The game is a 2D turn-based cartoon-style web game with automated battle features.
"Battle of the Immortals" Expansion Pack – "King of the Gods"
On December 11, 2012, Perfect World released the expansion pack "King of the Gods" for its 2.5D mysterious adventure MMORPG "Battle of the Immortals." First launched in Mainland China in April 2009, "Battle of the Immortals" has been licensed to dozens of countries and regions.
Launch of "Zhu Xian" and "Chi Bi" in Southeast Asia Through the Company's Subsidiary
In December 2012, Perfect World began to operate "Zhu Xian" and "Chi Bi" in Southeast Asia through its overseas subsidiary. "Zhu Xian" is Perfect World's 3D MMORPG based on a popular Internet novel with the same name. First launched in Mainland China in May 2007, "Zhu Xian" has since been successfully licensed to dozens of countries and regions. "Chi Bi" is Perfect World's 3D MMORPG based on the Three Kingdoms, a well-known period in ancient Chinese history, and was first launched in Mainland China in January 2008.
Launch of "Battle of the Immortals" in Korea Through the Company's Korean Subsidiary
In February 2013, Perfect World began to operate "Battle of the Immortals" in Korea through its Korean subsidiary.
Launch of "Blacklight Retribution" in Turkey
Recently, Perfect World launched "Blacklight Retribution" in Turkey through its European subsidiary. "Blacklight Retribution" is a free-to-play first-person shooter (FPS) game developed by a leading U.S.-based game developer. The exciting gameplay and state-of-the-art graphics of "Blacklight Retribution," powered by Unreal 3, provides shooter fans with a breath-taking gaming experience.
Release of Polish and Russian Versions of "Torchlight 2"
In November 2012, Perfect World released the Polish and Russian versions of "Torchlight 2," a pay-per-install action RPG. This sequel to "Torchlight" is a popular title developed by Perfect World's majority-owned subsidiary, Runic Games, Inc., a top-tier game development studio based in the U.S.
OVERSEAS LICENSING AGREEMENT
Licensing "Forsaken World" to Vietnam
In January 2013, Perfect World signed an agreement with CMN Viet Nam Online Joint Stock Company, an online game operator in Vietnam, to license "Forsaken World" to Vietnam. "Forsaken World" is Perfect World's 3D MMORPG set against the backdrop of a fantasy world. The game was first launched in Mainland China in October 2010 and has been licensed to dozens of countries and regions.
Perfect World Wins Award at "China International Digital Content Expo 2012"
In December 2012, "China International Digital Content Expo 2012" was held in Beijing successfully. This was the 10th China International Digital Content Expo. Perfect World won the "China Online Culture Achievement Award" during the Expo.
Perfect World Wins Four Awards at "2012 ChinaJoy Golden Plume Awards Annual Best Games Election"
In December 2012, Perfect World was announced as the winner of four awards from ChinaJoy's "2012 Golden Plume Awards Annual Best Games Election." Perfect World's online games "Zhu Xian," "Swordsman Online," "Saint Seiya Online" and "Fantasy Zhu Xian," won awards for the "Top 10 Most Favorite Online Games among Game Players," the "Top 10 Most Anticipated Online Games by Game Players," the "Best 3D Online Games" and the "Best Cartoon-style Online Games," respectively.
Perfect World Wins Awards at the "2012 China Game Industry Annual Conference"
In January 2013, the "2012 China Game Industry Annual Conference" was held in Suzhou. At the 2012 "China Game Industry Top 10s" Grand Awards Ceremony during the conference, Perfect World's outstanding performance in 2012 earned it the following five awards:
- 2012 Top 10 Overseas Development Awards for Chinese Game Companies
- 2012 Top 10 Chinese Game Companies
- 2012 Top 10 Most Popular Online Games – "Perfect World"
- 2012 Top 10 Most Popular Self-developed Online Games – "Perfect World"
- 2013 Top 10 Most Anticipated Client-based Online Games – "Dota 2"
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. Perfect World's strong technology and creative game design capabilities, combined with extensive knowledge and experiences in the online game market, enable it to frequently and promptly introduce popular games designed to cater changing customer preferences and market trends. Perfect World'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," "Fantasy Zhu Xian," "Forsaken World," "Dragon Excalibur," "Empire of the Immortals" and "Return of the Condor Heroes;" an online casual game: "Hot Dance Party;" and a number of web games and social networking games. While a substantial portion of the revenues are generated in China, Perfect World operates its games in North America, Europe and Japan through its own subsidiaries. Perfect World's games have also been licensed to leading game operators in a number of countries and regions in Asia, Latin America, Australia, New Zealand, and the Russian Federation and other Russian speaking territories. Perfect World intends to continue to explore new and innovative business models and is 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," "anticipates," "future," "intends," "plans," "believes," "estimates" 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, Perfect World's limited operating history, its ability to develop and operate new games that are commercially successful, the growth of the online game market and the continuing market acceptance of its games and in-game items in China and elsewhere, its ability to protect intellectual property rights, its ability to respond to competitive pressure, its ability to maintain an effective system of internal control over financial reporting, 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 – Vice President, Investor Relations & Corporate Communications
Joanne Deng – Investor Relations Manager
Christensen Investor Relations
SOURCE Perfect World Co., Ltd.
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