27.05.2008 17:27:00
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CDC Games Sees Strong Daily Revenue Rebound Post Earthquake
CDC Games, a business unit of CDC Corporation (NASDAQ: CHINA) and
pioneer of the "free-to-play, pay for merchandise" model for online
games in China, announced today that revenues since May 21, 2008
represent a strong rebound despite, not only, the devastating earthquake
that occurred in China during the week of May 12, 2008, but also, our
resulting suspension of game service from May 19, 2008 through May 21,
2008. In fact, on May 24, 2008 daily revenues for CDC Games were 1.3
million RMB, or approximately (U.S.) $187,000. In addition, the company
has seen strong revenue growth from Shaiya, a massively multiplayer
online role playing fantasy game (MMORPG) launched by CDC Games in
December 2006.
"We are very pleased to achieve very strong daily revenue performance
for Shaiya, as well as our daily total revenue for CDC Games following
the tragic earthquake in China," said John Huen, chief operating officer
of CDC Games. "We believe that we have been rapidly building momentum
during the last three months. We look to continue building the market
momentum of our established games and intend to continue to execute on
our diversification plan for the second half of 2008, which includes
launching exciting games such as Dragonsky, Life Online, Digimon and
casual games, such as Come on Baby."
About CDC Games
CDC Games is one of the market leaders of online and mobile games in
China with more than 140 million registered users. The company pioneered
the "free-to-play, pay-for-merchandise" online games model in China with
Yulgang and launched the first free-to-play, pay for merchandise FPS
(first person shooter) game in China with Special Force. Launched in
July 2007, Special Force has consistently ranked in the Top 10
downloaded games in China and becoming the top revenue producer for CDC
Games. Currently, CDC Games offers six popular MMO online games in China
that include: Special Force, Yulgang, Shaiya, Mir III, Shine and Eve
Online. In March 2007, the company announced the formation of CDC Games
Studio 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. Through
its CDC Games International (CGI) subsidiary, the company launched a
long-term strategy to be a global publisher of MMO games. As part of
this long term strategy, CDC Games launched the www.12FootTall.com
portal to showcase online games and related content in North America.
For more information on CDC Games, visit: www.cdcgames.net.
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise
software applications and services, 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.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of
1995. These forward-looking statements include statements regarding our
beliefs regarding the momentum in our games business and the
continuation thereof, our expectation regarding our continuation of our
diversification strategy in 2008 and our expectations with respect to
launching additional games and the timing thereof, our belief regarding
our foundation for future success throughout the year, our beliefs
regarding the performance of Shaiya and other games and the consistency
of our business, our beliefs regarding our competitive position, our
beliefs regarding the use of total unique game players, average daily
revenue, average play time, average concurrent user base and peak
concurrent user base growth as measurement of success in our early-stage
objectives, our expectations regarding any game’s
growth, our ability of CDC Games to diversify and continue diversifying
its revenues, successfully measure, choose, collect data regarding and
evaluate key performance metrics for our games, the ability to
successfully grow in key performance areas, diversify our revenue and
achieve or maintain quarter over quarter revenue growth, the ability to
upgrade and release new games and newer versions of existing games and
the timeliness thereof, our belief regarding growth trends for our new
and existing games, our ability to complete successful open and closed
beta tests in the future, our expectations regarding future financial
performance, and other statements that are not historical, 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; (b) the ability to
successfully develop, license and market first person shooter and other
games; (c) the future growth of the online games industry in the China
market and other markets throughout the world; (d) the possibility of
launch and development delays; (e) the development of competing products
and technology; (f) the continued popularity and player acceptance of
Yulgang, Shaiya, Special Force and our other games; and (g) the
continuation of our contractual and other partners to perform their
obligations under agreements with us. 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, 2006 on Form 20-F filed on July 2, 2007. 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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