BEIJING, Nov. 11, 2011 (ANTARA/PRNewswire-Asia-AsiaNet) --
Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World"), a leading online game developer and operator based in China, and Nexon Korea Corporation ("Nexon"), a leading global online entertainment company and publisher of microtransaction-based massively multiplayer online games ("MMOGs"), today announced that they have jointly established a company in Korea (the "New Company") to manage and operate online games in Korea.
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"We are very pleased to build a strategic partnership with Nexon," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "This strategic alliance will help us further expand our user base and provide the highest quality services to local players in the Korean market. The introduction of more of Perfect World's online games into the Korean market will help further strengthen our international reputation as a comprehensive online game developer and operator. More importantly, we believe Nexon's creativity, strong desire to challenge itself, and customer-centric culture will bring sustained growth opportunities to the New Company. Together, through the mutual beneficial resources created by this partnership, we look forward to providing our quality entertainment to more players."
Mr. Min Seo, CEO of Nexon Korea Corporation, added, "We are very excited about establishing this New Company with Perfect World to bring more of their titles into the Korean market. This partnership will combine Nexon's deep experience in publishing online games and well-established competencies in the Korean gaming market with Perfect World's rich and attractive content, and renowned R&D and operational capabilities. We look forward to introducing more exciting titles and providing world-class services to Korean players through this New Company. We are confident that this will be a rewarding move for both Nexon and Perfect World."
About Nexon Korea Corporation (http://www.nexon.com)
Nexon Korea Corporation is the Korean arm of Tokyo-based Nexon Co., Ltd., a pioneer of interactive entertainment software and a global leader of massively multiplayer online games. Founded in 1994, Nexon also has regional offices in the United States (Nexon America Inc.) and Europe (Europe s.a r.l). Nexon is a pioneer of graphic massively multiplayer online games and the free-to-play microtransaction business model. Nexon currently services more than 50 online games in over 100 countries. "KartRider," "MapleStory" and "Dungeon and Fighter" are among Nexon's most popular franchises and entertain millions of players worldwide. Utilizing advanced technology and platform, and deep experience in global online gaming markets and content localization, Nexon is dedicated to bring the best online entertainment to the world.
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 "Heaven Sword and Dragon Saber;" and an online casual game: "Hot Dance Party." While a substantial portion of the revenues are generated in China, Perfect World's games have 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 also generates revenues from game operations in North America, Europe and Japan. Perfect World plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.
Perfect World's 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.
SOURCE: Perfect World Co., Ltd.
Editor: PR Wire
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