Shanda Games Limited
Shanda Games and Kingsoft to Deepen Collaboration by Establishing Joint Venture
Shanda Games Limited / 28.12.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- SHANGHAI, China, Dec. 28, 2009 (GLOBE NEWSWIRE) -- Shanda Games Limited ('Shanda Games', or the 'Company') (Nasdaq:GAME), a leading online game developer, operator and publisher in China, and Kingsoft Corporation Limited ('Kingsoft') (SEHK:3888), China's leading entertainment and applications software developer, distributor and service provider in terms of market share, today announced their intent to establish a joint venture to develop online games beyond their existing partnership in co-operating Kingsoft's JX series. Under the existing partnerships, Kingsoft's JX World Online and JX 3 are operated and will be operated by both Kingsoft and Shanda Games under joint marketing and operational arrangements, respectively. The joint venture will focus on enhancing existing Kingsoft games, and bringing these game titles to China and international markets. The joint structure will draw from Kingsoft's twenty one years of expertise in software innovation and Shanda Games' strengths in marketing, operation, and financing as well as international business development. 'We are delighted to take our cooperation with Kingsoft to the next level, as we believe the joint venture will allow us to apply the clear synergies between us more efficiently. Putting together the leading online game company and one of the best game software developers in China, we will be even better equipped to produce successful game features and operational models that are driven by dynamic market demand,' commented Diana Li, chief executive officer of Shanda Games 'Shanda Games is a strong advocate for business innovations, evidenced by being the first in China to engage in a co-operation business model for online games and also the first to establish an investment fund for online game development named 18 Capital. This time, we believe we have found a partner who shares our innovative spirit and complements our strengths. We are excited by the prospects of this joint effort.' Mr. Pak Kwan Kau, chairman and CEO of Kingsoft, commented, 'Since embarking on our partnership with Shanda Games in the beginning of this year, we have seen steady increases in both user base and revenue generation from related products. Today we are ready to deepen our partnership through the establishment of a joint venture which will allow us to enhance our products and services with more efficient use of time and resources. Looking forward from this milestone moment, we envision enhanced products and customer satisfaction for years to come.' Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements in this announcement that are not historical facts, including but not limited to statements regarding the future benefits brought by the joint venture, represent only the Company's current expectations, assumptions, estimates and projections and are forward-looking statements. These forward-looking statements involve various risks and uncertainties. Important risks and uncertainties that could cause the Company's actual results to be materially different from expectations include but are not limited to the possibility that the parties do not recognize the expected benefits of the establishment of the JV and the risks set forth in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's Registration Statement on form F-1. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. About Shanda Games Shanda Games Limited (Nasdaq:GAME) is a leading online game developer, operator and publisher in China. Shanda Games offers a diversified game portfolio, which includes some of the most popular massively multiplayer online role-playing games (MMORPGs) and advanced casual games in China, targeting a large and diverse community of users. Shanda Games manages and operates online games that are developed in-house, co-developed with world-leading game developers, acquired through investments or licensed from third parties. For more information about Shanda Games, please visit http://www.ShandaGames.com. About Kingsoft Following the commercial launch of its first office applications software WPS 1.0 in 1989, Kingsoft Corporation Limited has now become a leading entertainment and applications software developer, distributor and service provider in China, based on market share. The Company leverages its comprehensive software development platform to offer a wide range of innovative entertainment and applications software. Kingsoft has several well-known products such as WPS Office, Kingsoft PowerWord, Kingsoft Internet Security, and online games such as the JX Series and The First Myth. In addition, the Company sells various products such as Kingsoft Internet Security and Kingsoft PowerWord to retail consumers, corporate organizations and government agencies in China using online and offline distribution channels. With its headquarters in Beijing, Kingsoft has multiple research and development centers based in Zhuhai, Beijing, Chengdu, Dalian and Shenzhen. The Company's vision is to create world-class software products that run on every computer and our strategy is to enhance our position as a leading entertainment and application software developer, operator and distributor in China and to expand its presence in certain oversea markets. CONTACT: For Shanda Games: Maggie Zhou, Investor Relations Manager Shanda Games Limited Phone: +86-21-5050-4740 (Shanghai) Email: IR@ShandaGames.com Courtney Shike (China) Brunswick Group LLC Phone: +86-10-6566-2256 Email: cshike@brunswickgroup.com Kate Tellier (U.S.A.) Brunswick Group LLC Phone: +1-212-706-7879 Email: ktellier@brunswickgroup.com For Kingsoft: Michelle Feng Harnett Kingsoft Corporation Limited Phone: +86-10-8232-5515 Email: ir@kingsoft.com News Source: NASDAQ OMX 28.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Shanda Games Limited United States Phone: Fax: E-mail: Internet: ISIN: US81941U1051 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden