CDC Games Studio Partners with Abandon Mobile to Deliver an Innovative Cross-Platform Multiplayer Game to Global Markets.Joint Venture Formed to Launch First Mobile, Community-based Game that Combines User-Created Content, Strategy, Simulation and Popular Trading Card Game Elements, with Cross-Platform Connectivity BEIJING, China & NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- 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, and Abandon Mobile REDIRECT Abandon Interactive Entertainment Abandon Mobile is a mobile game developer and publisher established in 2005 through a partnership between Abandon Entertainment, Inc. and GF Capital Management and Advisors, LLC. , a leader in cross media interactive entertainment, announced today a joint venture for the upcoming multi-platform, multiplayer mobile game, Freaky freak·y adj. freak·i·er, freak·i·est 1. Strange or unusual; freakish. 2. Slang Frightening. freak Creatures. Freaky Creatures is the first mobile community-based game of its kind to combine user created content, strategy, simulation and popular trading card game elements, with true cross-platform gaming connectivity between mobile handsets and personal computers. As part of the joint venture, CDC Games will market and distribute Freaky Creatures in China and southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. , including India and Vietnam, while Abandon Mobile will market and distribute the game in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. This is CDC Games' latest investment as part of its previously announced establishment of CDC Games Studio, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CDC Games that will have up to $100 million in investment funding. CDC Games Studio invests in strategic games development partners to accelerate the development of new and original online games for the China market. CDC Games Studio also supports emerging game developers which may already have operations in China or are seeking to relocate or expand into China and provides to them the resources they need to rapidly develop innovative products for distribution in China and targeted global regions. This joint venture is the latest in a series of steps taken by CDC Games to deepen its games portfolio, strengthen its move into games development and expand its distribution channels and geographic reach on a global scale. The joint venture represents the latest major investment following its previously announced stake in 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, a leading online games developer from Korea and its recent investment in Possibility Space, a developer of free-to-play online games. The joint venture with Abandon Mobile advances CDC Games' expansion into the development of new and innovative games, leveraging its foundation as a leading publisher of online games in China. The launch of Freaky Creatures is also consistent with each company's strategy to create a global channel for the expansion of its games, new IP, and further establish a presence in the world's top gaming markets. The partnership aligns world class designers, developers and publishers, of Abandon Mobile with publishing and licensing expertise of CDC Games, across multiple platforms Refers to two or more operating environments, which typically include the CPU family and operating system. For example, if versions of a program run on Windows and the Macintosh, the software is said to support multiple platforms. and channels. Through the CDC family of companies, Freaky Creatures will leverage the support of offices in more than 30 countries, and more than 400 software engineers and developers in India alone. "We're excited about the future launch of such a compelling an innovative new game to the market," said John Lee, president of CDC Games. "This joint venture will help spearhead our distribution of new and exciting titles, such as Freaky Creatures, in southeast Asia which is emerging as the next big market for online games." "Our partnership with CDC Games marks a significant evolution in our ability to bring exciting, new IP to mainstream audiences around the world," said Jamie Ottilie, president and COO of Abandon Mobile. About Abandon Mobile Abandon Mobile, a partnership of Abandon Entertainment and GF Capital Management & Advisors develops and publishes entertainment content for multiple distribution channels. The Company and its principals have a longstanding record in the game segment including investing in Mythic myth·i·cal also myth·ic adj. 1. Of or existing in myth: the mythical unicorn. 2. Imaginary; fictitious. 3. Entertainment and co-publishing the hit online game, Dark Age of Camelot Dark Age of Camelot is a 3D medieval fantasy MMORPG that revolves around the war between three realms at the end of King Arthur's rule: Arthurian-inspired Albion, Norse mythology inspired Midgard, and Celtic Hibernia. , along with Mythic which was recently sold to Electronic Arts (ERTS ERTS Electronic Arts, Inc. (stock symbol) ERTS Earth Resources Technology Satellite (US NASA) ERTS Embedded Real Time Systems ERTS Enhanced Remote Transit Shed ). In late 2005 after entering into an exclusive worldwide partnership with NBC sports NBC Sports is a division of NBC, responsible for the televising of many sports events on the network. The NBC Sports broadcast lineup includes: The Olympic Games (through 2012), the NFL, the NHL, Notre Dame Football, the PGA Tour, the USGA Championships, Wimbledon, the French to market mobile games, Abandon Mobile acquired Lucky Chicken Games Lucky Chicken Games is a video game developer founded in 1998 by Jamie Ottilie, Matt Saia and Jonnathan Hilliard. It was purchased by mobile game publisher Abandon Mobile in 2005 and became the production and development operation of the mobile game company. , an established game developer that is leading the team on Freaky Creatures and other content creation initiatives of the Company. 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 45 million registered users. The company pioneered the "free-to-play, pay-for-merchandise" online games model in China with Yulgang, which has received the "Top 10 Most Popular Games" award from the China Game Industry Annual Conference (CGIAC) for two consecutive years, in 2005 and 2006. Stone Age 2, from CDC Games, also received the award for "Most Anticipated Game of 2007" from CGIAC. In March 2007, the company announced the formation of CDC Games Studio, funded by up to $100 million, to establish strategic relationships with selected games development partners to accelerate the development of new, original online games for China and other targeted global geographies. 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. These forward-looking statements include statements regarding the ability of such investment to provide innovative and popular online games for the China and India markets, the ability of such investment to fuel growth, the track record of Abandon Mobile delivering popular and innovative games, the anticipated launch dates for future games by CDC Games, and other statements that are not historical fact, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. 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: (a) the ability to realize strategic objectives by taking advantage of market opportunities in targeted geographic markets; (b) the ability to make changes in business strategy, development plans and product offerings to respond to the needs of current, new and potential customers, suppliers and strategic partners; (c) the effects of restructurings and rationalization rationalization, in psychology: see defense mechanism. of operations; (d) the ability to address technological changes and developments including the development and enhancement of products; (e) the ability to develop and market successful MMORPGS; and (f) the entry of new competitors and their technological advances. 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. |
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