Perfect World Announces Recent Business Developments
BEIJING, March 10, 2014 /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 10, 2014.
Press Release Issued During the Period:
December 27, 2013 – Perfect World Entered Into A Definitive Agreement to Sell Its Chinese Online Reading Business
In January 2014, Perfect World launched its 3D MMORPG mobile game "Fantasy of the Immortals."
Operation of "Perfect World II" in Singapore and Malaysia through the Company's Subsidiary
In December 2013, Perfect World began to operate "Perfect World II" in Singapore and Malaysia through its overseas subsidiary. First launched in mainland China in November 2006, "Perfect World II" has since been successfully launched in dozens of countries and regions.
Launch of Russian and Portuguese Versions of "Neverwinter"
Through its subsidiaries, Perfect World launched the Russian version of "Neverwinter" in Russia and other Russian speaking territories in December 2013 and Portuguese version in Brazil in February 2014, respectively. "Neverwinter" is a widely-acclaimed MMORPG developed by Cryptic Studios, Perfect World's subsidiary based in the U.S. Since its first launch in North America and Europe in April 2013, "Neverwinter" has gained great popularity among players.
OVERSEAS LICENSING AGREEMENT
Licensing "Legend of the Condor Heroes" to Taiwan
In December 2013, Perfect World signed an agreement with Iwplay World Interactive Entertainment Technology Co., Ltd., an online game operator in Taiwan, to license "Legend of the Condor Heroes" to Taiwan. Adapted from Louis Cha's acclaimed classic martial arts novel, "Legend of the Condor Heroes" is a highly-anticipated, upcoming 3D martial arts MMORPG in Perfect World's pipeline.
OVERSEAS LAUNCH THROUGH LICENSEE
Launch of "Swordsman Online" in Taiwan
In December 2013, Perfect World launched "Swordsman Online" in Taiwan through Iwplay World Interactive Entertainment Technology Co., Ltd., an online game operator in Taiwan. "Swordsman Online" is Perfect World's 3D martial arts MMORPG adapted from Louis Cha's acclaimed classic martial arts novel. First launched in mainland China in June 2013, "Swordsman Online" has since been well received by players.
Perfect World Wins Awards at the "2013 China Game Industry Annual Conference"
In December 2013, the "2013 China Game Industry Annual Conference" was held in Wuhan. At the 2013 "China Game Industry Top 10s" Grand Awards Ceremony during the conference, Perfect World's outstanding performance in 2013 earned it a number of awards as follows:
- 2013 Top 10 Overseas Development Awards for Chinese Game Companies
- 2013 Top 10 Chinese Game Companies
- 2013 Top 10 Influential Individuals in the Chinese Game Industry -- Perfect World CEO Mr. Robert Xiao
- 2013 Top 10 Most Popular Client-based Online Games -- "Swordsman Online"
- 2013 Top 10 Most Popular Self-developed Client-based Online Games -- "Swordsman Online"
- 2013 Top 10 Most Popular Self-developed Mobile Games -- "Return of the Condor Heroes"
- 2014 Top 10 Most Anticipated Client-based Online Games -- "Legend of the Condor Heroes" and "Neverwinter"
- 2014 Top 10 Most Anticipated Web Games -- "Dragon Ascension"
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," "Return of the Condor Heroes," "Saint Seiya Online," "Swordsman Online" and "Holy King;" an online casual game: "Hot Dance Party;" and a number of web games and mobile games. While a majority of the revenues are generated in China, Perfect World operates its games in North America, Europe, Japan, Korea and Southeast Asia 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, 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, Capital Market & Corporate Communications
Joanne Deng – Associate Investor Relations Director
Christensen Investor Relations
SOURCE Perfect World Co., Ltd.