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WEBZEN Announces Development of New MMORPG for PlayStation(R)3; Global Online Games Leader Joins Ranks of Top Game Companies to Publish for Next-Gen Console.


TOKYO -- WEBZEN Inc. (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
:WZEN), a leading global online entertainment developer, publisher and operator, today announced the company has started development of Endless Saga Endless Saga was a MMORPG being developed by Webzen for the PC and PlayStation 3 platforms. It has recently been announced that the project has been cancelled [1]:

"We have recently decided to cancel the Endless Saga project.
(TM), a new massively multiplayer online role-playing game
    Massively multiplayer online role-playing game (MMORPG) is a genre of online computer role-playing games (CRPGs) in which a large number of players interact with one another in a virtual world.
     (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. ) for the PlayStation(R)3 (PS3) computer entertainment system. WEBZEN unveiled a first look at the colorful new MMORPG at the Annual PlayStation Meeting hosted by Sony Computer Entertainment Japan (SCEJ SCEJ Sony Computer Entertainment Japan
    SCEJ Society of Chemical Engineers, Japan
    ). Produced by WEBZEN's D-Studio, Endless Saga is slated for release in 2007 for both PS3 Online and PC Online.

    "WEBZEN is honored to be among the select group of third-party publishers invited to participate at this year's Annual PlayStation Meeting," said Nam Ju Kim, 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. , WEBZEN, Inc. "We're excited about being one of the first publishers to bring a new online game to the PS3. We look forward to working closely with Sony Computer Entertainment Japan throughout the development cycle to ensure this new fantasy game appeals to MMORPG and PS3 fans everywhere."

    On the event floor, SCEJ provided attendees with a sneak preview of Endless Saga. The crowd was treated to a glimpse of screen shots and a movie trailer highlighting the MMORPG's innovative gameplay, graphics and creative story and characters.

    More details about Endless Saga will be unveiled in future announcements.

    About WEBZEN Inc.

    Based in Seoul, Korea, WEBZEN Inc. has become a global leader in the MMOG (Massively Multiuser Online Game) A game on the computer played by many people. Also called "massively multiplayer online" (MMO), an MMOG differs from a regular multiplayer game because its environment is perpetual.  market, and has developed some of the world's top online game and client/server technologies. Already having achieved critical mass in Asian markets with publishing arms in Taiwan, China, Japan, Philippines, and Thailand, WEBZEN Inc. has established WEBZEN America, a wholly owned US subsidiary based in Los Angeles. WEBZEN America leverages WEBZEN technology and partners with some of the most well-known names in the video games industry to deliver some of the most compelling, visually stunning graphics available in persistent world games. WEBZEN and WEBZEN America are poised to launch a diverse portfolio of online products and services, beginning with the highly anticipated fantasy MMORPG SUN, the Unreal 3.0 engine-based MMOFPS MMOFPS Massively Multiplayer Online First Person Shooter
    MMOFPS Massively Multiplayer Online Fps
     HUXLEY, and the original action MMOG All Points Bulletin (APB APB

    See Accounting Principles Board (APB).
    ).

    For more information about WEBZEN products and services, go to www.webzengames.com.

    About Sony Computer Entertainment Japan

    Sony Computer Entertainment Japan, a division of Sony Computer Entertainment Inc. based in Japan, distributes and markets the PlayStation(R) game console, the PlayStation(R) 2 computer entertainment system and the PlayStation(R) Portable handheld entertainment system, and also develops, publishes, markets and distributes software, and manages the third party licensing program for these two platforms.

    PlayStation and the PlayStation logo are registered trademarks of Sony Computer Entertainment Inc.

    All other trademarks are property of their respective owners.
    COPYRIGHT 2005 Business Wire
    No portion of this article can be reproduced without the express written permission from the copyright holder.
    Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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    Publication:Business Wire
    Geographic Code:9JAPA
    Date:Jul 22, 2005
    Words:442
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