Shanda Games Limited
Shanda Games Announces Strategic Business Updates
Shanda Games Limited / 08.01.2010 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, Jan. 8, 2010 (GLOBE NEWSWIRE) -- Shanda Games Limited ('Shanda Games', or the 'Company') (Nasdaq:GAME), a leading online game developer, operator and publisher in China, today announced it has entered into several agreements to enhance its online game content offerings. Acquisition of Goldcool Games Shanda Games has entered into an agreement to acquire Goldcool Games, a Shanghai-based online game developer and operator. Goldcool Games currently operates two MMORPGs, 'Hades Realm' and 'Dukes and Lords,' which was selected as one of the '2009 Top 5 Best In-House Developed Online Games' at the ChinaJoy Digital Entertainment Expo. Goldcool Games also has several MMORPGs in the pipeline, including 'Dragon Heir,' 'Zodiac Tales,' 'Martial Glory' and 'Hades Realm II.' License for Nexon's 'Bubble Fighter' Shanda Games has obtained an exclusive license from Nexon Corporation ('Nexon'), a leading game developer in Korea, to operate the shooting-based casual game 'Bubble Fighter' in mainland China. 'Bubble Fighter' uses 3D technology and continues the adventures of major characters from the world renounced casual games 'BnB' and 'KartRider.' License for 'Mir III' Shanda Games has obtained an exclusive license from Actoz and Wemade, the co-owners of the Mir series intellectual property, to operate the fantasy 2D MMORPG 'Mir III' in mainland China. 'Mir III' will be the additional sequel to the Company's popular online game Mir II. Movie Rights to 'Mir II' Shanda Games also announced it has obtained the rights to develop a movie based upon 'Mir II' from Actoz and Wemade. Being the Chinese online game industry's first and biggest success story, Mir II continues to enjoy the support of a large and loyal user base which has fuelled its success since the game's launch in September 2001. Obtaining the rights to adapt this movie demonstrates Shanda Games' continued efforts to enhance and extend the Mir II brand. 'We are very pleased to announce these exciting updates, which demonstrate our continuing strategy of creating and enhancing value through deepening cooperation with our partners,' commented Diana Li, Chief Executive Officer of Shanda Games. 'These recent developments, in combination with our previous announcement to establish a joint venture with Kingsoft, are a testament to the trust our existing partners place in us and the strong reputation of the Shanda Games brand, and are central in pursuing our winning multi-source approach to developing creative new game content.' 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 these partnerships, 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 Company's ability to commercially launch the games, the acceptance of its users to the games, the ability to develop Mir II into a movie which is appealing to the general audience, the ability to integrate Goldcool Games into the Company 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. CONTACT: Shanda Games Limited Investors: Maggie Zhou, Investor Relations Manager +86-21-5050-4740 (Shanghai) IR@ShandaGames.com Brunswick Group LLC Media: Courtney Shike (China) +86-10-6566-2256 cshike@brunswickgroup.com Kate Tellier (U.S.A.) +1-212-706-7879 ktellier@brunswickgroup.com News Source: NASDAQ OMX 08.01.2010 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 ---------------------------------------------------------------------------
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