CDC Games Announces Highly Anticipated Major Upgrade of Its Widely Popular and Successful Yulgang Online Game.Preliminary Results Reflect Rebound in Trends from Third Quarter BEIJING -- CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation Games, a business unit of CDC Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CHINA) and pioneer of the "free-to-play, pay-for-merchandise" model for online games in China, announced today that it has launched a highly anticipated, upgraded version (v170) of its current blockbuster online game, Yulgang. Since its commercial launch in July 2005, Yulgang, the first free-to-play, pay-for- merchandise massive multiplayer online role-playing game role-playing game n. A game in which players assume the roles of characters and act out fantastical adventures, the outcomes of which are partially determined by chance, as by the roll of dice. (MMORPG (Massively Multiuser Online Role Playing Game) A role playing game on the computer played by many people. An MMORPG differs from a regular computer role playing game because its environment is perpetual. ) in China, has maintained steady growth and continuous popularity. The game encourages cooperation and teamwork between the players. Consistent with this successful theme, the v170 upgrade provides Chinese gamers with adorable a·dor·a·ble adj. 1. Delightful, lovable, and charming: an adorable set of twins. 2. Worthy of adoration. and powerful virtual pets to further enhance their gaming experiences. Now gamers can buy the pets they love, interact with them, train them, and make them stronger with merchandises specially designed for pets. Besides enabling gamers to develop a bond with their pets, the upgrade also significantly improves the game's overall operation and attractiveness. This upgrade has been highly anticipated by the continued growth of registered users of Yulgang, which now numbers 42 million, up from 37 million users at the end of the third quarter of 2006. More than 1 million registered users upgraded to the new version immediately. Recognized revenue on the first day of v170 launch was US$235,000, tripling that of the day before. During the first week of v170 launch, the average daily revenue was US$160,000, up 72 percent from the daily average revenue in Q3 2006. Leveraging the rapidly growing consumer market in China, CDC Games has quickly become a leader in online and mobile games in that country. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. IDC, a leading market research firm in the U.S., revenues for online games subscriptions in the country are predicted to increase from $673 million at the end of 2006 to $2.1 billion at the end of 2010, at a compounded annual growth rate of 36 percent. In addition to the expanding usage of Yulgang, CDC Games also has a growing pipeline of new online games. The company plans to launch its licensed game The Lord of the Rings Online[TM]: Shadows of Angmar[TM], a MMORPG based on the literary works of J.R.R. Tolkien, later this year, and has licensed two additional widely popular games in the Asian markets, "Special Force" and "Stone Age 2", both also planned for delivery in China later this year. CDC Games also recently announced an agreement with Gorilla gorilla, an ape, Gorilla gorilla, native to the lowland and mountain forests of western and central equatorial Africa. It is the largest of the apes, the males reaching a height of 5 to 6 ft (150–190 cm) with a 9-ft (144–cm) arm spread. Banana Entertainment to distribute their first game, Red Blood, a free-to-play MMORPG based on an immensely popular comic book comic book Bound collection of comic strips, usually in chronological sequence, typically telling a single story or a series of different stories. The first true comic books were marketed in 1933 as giveaway advertising premiums. series in Korea, in 2008. "The continued growing popularity of Yulgang is further evidence of the strength of the 'free-to-play, pay-for-merchandise' model pioneered by CDC games in China," said Xiaowei Chen, Ph.D., CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CDC Games. "We believe with innovative games and merchandise, this model will continue to generate stable and accelerating revenue streams for our company as we develop our franchise in this emerging and extremely large market." About CDC Corporation The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA), please visit www.cdccorporation.net. About CDC Games CDC Games is one of the market leaders of online and mobile games in China with over 42 million registered users and the pioneer of "free-to-play, pay-for-merchandise" model for online games in China. Cautionary Note Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release includes "forward-looking statements" within the meaning of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the growth of CDC Games, anticipated launch of additional online games, the continued viability of the free-to-play, pay-for-merchandise" model and the continued growth of the online game Yulgang. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including the following: the ability of CDC Games to localize lo·cal·ize v. lo·cal·ized, lo·cal·iz·ing, lo·cal·iz·es v.tr. 1. To make local: decentralize and localize political authority. 2. , launch and operate new games in a timely manner, the popularity of CDC Games' existing and new games, the ability of CDC Games to leverage the online infrastructure to deliver games in China, the loyalty of gamers in China. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2005 on Form 20-F filed on June 21, 2006. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion