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Perfect World Announces Strategic Investment in Chengdu Seasky Digital Entertainment
The Company will use USD3,000,000 to make a strategic investment in Chengdu Seasky Digital Entertainment Co., Ltd. ("Seasky") and take a minority stake.

Perfect World Co., Ltd. (Nasdaq: PWRD; "Perfect World" or the "Company"), a leading online game developer and operator in China, today announced that the Company will use USD3,000,000 to make a strategic investment in Chengdu Seasky Digital Entertainment Co., Ltd. ("Seasky") and take a minority stake.

Seasky is a high-tech company with extensive experience in designing and developing massive multiplayer online games ("MMOGs"). It developed a popular 2D turn-based massive multiplayer role-playing online game ("MMORPG"), "Heavenly Sword and Dragon Sabre." It has engaged in the research and development of Java technology and has accumulated extensive technology capabilities and experience.

"I believe Seasky will be a great partner due to its research and development capabilities and solid future potential," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "Pursuing strategic partnerships and alliances has always been one of our core strategies. We are committed to effectively executing this strategy and to delivering solid results for our shareholders."

About Perfect World Co., Ltd. ( http://www.pwrd.com )

Perfect World Co., Ltd. (Nasdaq: PWRD - News) 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 3D 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.

Article by : 17173
Created On : Thu Apr 24 2008
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