• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Perfect World Enters into Publishing Agreement with Runic Games

Posted on: Wednesday, 22 April 2009, 06:00 CDT

BEIJING, April 22 /PRNewswire-Asia/ -- Perfect World Co., Ltd. (Nasdaq: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced that it has entered into a publishing agreement with Runic Games, Inc. ("Runic Games"), a specialized developer of PC-based entertainment software in the United States, for the exclusive rights and license to publish "Torchlight," an action-packed massively multiplayer online role-playing game ("Action-MMORPG") that's being developed, throughout the world.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090416/CNTH023LOGO )

Being developed by Runic Games' experienced team of industry veterans, "Torchlight" is an adventure-themed Action-MMORPG. Adventurers set out from the town of Torchlight into the nearby mountains in search of the magic ore that imbues their equipment with power, yet imperils their very existence. "Torchlight" emphasizes a simple and intuitive interface, fast and furious action, and a colorful and compelling game world.

Mr. Max Schaefer, Chief Executive Officer of Runic Games, said, "Runic Games is very pleased to partner with Perfect World. Perfect World's strength and expertise in creating and running MMORPGs and track record of high quality of service to the playing community give us great confidence and hopes for a long and prosperous partnership. With 'Torchlight,' we strive to bring the best of Western and Eastern gaming together, creating a truly global title."

Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World commented, "We are very pleased to cooperate with Runic Games, whose members have a first-rate track record. Leveraging Perfect World's marketing capabilities and deep understanding of Asian culture and player preferences, 'Torchlight' is expected to be a 'global title,' catering to the tastes of both Western and Eastern players. In addition to our involvement in game development leveraging our extensive experience with MMORPG, we will also strive to demonstrate our excellent game operating ability and to offer players unique and exciting online game experience. We treasure this opportunity to work with the professional team of Runic Games, and look forward to the success of 'Torchlight,' as a cornerstone for the long-term strategic relationship between Runic Games and Perfect World."

About Runic Games, Inc.

Runic Games is a developer of PC-based entertainment software, designing games that focus on quality, approachability, and fun. Runic Games is staffed by team with experienced members, including leads on "Diablo," "Diablo II," "Diablo II: Lord of Destruction," "Fate," "Hellgate: London" and "Mythos." Runic Games is located in Seattle, Washington, United States.

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 online games based on proprietary game engines and game development platforms. 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 massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," "Chi Bi," "Pocketpet Journey West" and "Battle of the Immortals;" and an online casual game: "Hot Dance Party." While a substantial portion of the revenues are generated in China, the Company's games have been licensed to leading game operators in a number of countries and regions in Asia, Europe and South America. The Company also generates revenues from game operation in North America. 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, 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.

Source: PR Newswire

More News in this Category