Friday, February 22, 2008

PW Network enters new licensing agreements with Cubinet

Beijing, (ANTARA News/Xinhua-PRNewswire-AsiaNet) - Beijing Perfect World Network Technology Co., Ltd. ("PW Network" or "the Company"), a leading online game developer and operator in China, today announced it has entered into new licensing agreements with Cubinet Interactive Sdn. Bhd. ("Cubinet"), a famous online game operator in Malaysia, to license two of the Company's games. Cubinet will license "Legend of Martial Arts" in Vietnam and "Zhu Xian" in Vietnam, Thailand, Malaysia and Singapore.

"Legend of Martial Arts" and "Zhu Xian" are two of the Company's most popular massively multiplayer online role-playing games (MMORPGs) that have been licensed to overseas markets following a number of overseas licenses of "Perfect World II." The Company has obtained sufficient operational experience in China and achieved impressive results in operating "Legend of Martial Arts" and "Zhu Xian" in China. These new agreements boost the number of overseas licenses for "Legend of Martial Arts" to eight and mark the Company's first step to license "Zhu Xian" to four countries within one year after its initial launch.

"Our relationship with PW Network started with an agreement to license 'Perfect World II,'" commented Mr. Andy Choe, Chief Executive Officer of Cubinet. "The solid performance of 'Perfect World II' provides a strong foundation for the future prospects of these latest licensing agreements. Cubinet is dedicated to providing high-quality game products for players in a number of regions, and I believe we have a number of similarities with Perfect World in terms of our objectives and vision. For this reason, I believe 'Legend of Martial Arts' and 'Zhu Xian' will deliver solid results in the Southeast Asia market."

"I'm very pleased that we will be strengthening our relationship with Cubinet through these new licensing agreements," commented Mr. Michael Chi, Chairman and Chief Executive Officer of PW Network, "This not only marks another milestone in our international expansion, but I also believe that it will be a successful partnership given the impressive results delivered by 'Legend of Martial Arts' and 'Zhu Xian' in the Chinese market."

SOURCE Beijing Perfect World Network Technology Co., Ltd.

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