Published: January 15, 2009
Perfect World Clarifies Recent Comments from CEO
BEIJING, Jan. 15 /PRNewswire-Asia/ -- Perfect World Co., Ltd.
(Nasdaq: PWRD) ("Perfect World" or the "Company"), a leading online game
developer and operator inChina, would like to clarify recent comments made by
Mr. Michael Chi, Chairman and Chief Executive Officer, at the Annual China
Game Industry Conference inQingdao on Thursday.
In several media reports, it was mentioned that Mr. Chi is considering
vacating his position as CEO as early as 2010. To clarify, Mr. Chi has no
intention to step down as CEO of the Company. Rather, as Perfect World
continues to rapidly expand, Mr. Chi believes that there is much opportunity
for other executives to step up and take an even greater role in running the
Company. This would allow Mr. Chi, as CEO, to spend more time on corporate
strategy.
About Perfect World Co., Ltd. (http://www.pwrd.com)
Perfect World Co., Ltd. (Nasdaq: PWRD) is a leading online game developer
and operator inChina. Perfect World primarily develops three-dimensional
("3D") online games based on the proprietary Angelica 3D game engine and game
development platform. The Company's strong technology and creative game
design capabilities, combined with extensive local knowledge and experience,
enable it to frequently and rapidly introduce popular games that are designed
to cater to changing customer preferences and market trends inChina. The
Company's current portfolio of self-developed online games includes 3D
massively multiplayer online role playing games ("MMORPGs"): "Perfect World,"
"Legend of Martial Arts," "Perfect World II," "Zhu Xian," "Chi Bi" and
"Pocketpet Journey West;" and a 3D online casual game: "Hot Dance Party."
While a substantial portion of the revenues are generated inChina, the
Company's games have been licensed to leading game operators in a number of
countries and regions inAsia,Europe andSouth America. The Company also
generates revenues from game operation inNorth America. The Company plans to
continue to explore new and innovative business models and remains deeply
committed to maximizing shareholder value over time.
Safe Harbor Statements
This press release contains forward-looking statements. These statements
constitute forward-looking statements under the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "future," "plans,"
"believes" and similar statements. Such statements involve certain risks and
uncertainties that could cause actual results to differ materially from those
in the forward-looking statements. Potential risks and uncertainties include,
but are not limited to, our limited operating history, our ability to protect
our intellectual property rights, our ability to respond to competitive
pressure, changes of the regulatory environment inChina, and economic
slowdown inChina and/or elsewhere. Further information regarding these and
other risks is included in Perfect World's filings with the U.S. Securities
and Exchange Commission, including its annual report on Form 20-F. Perfect
World does not undertake any obligation to update any forward-looking
statement as a result of new information, future events or otherwise, except
as required under applicable law.
For further information, please contact:
Perfect World Co., Ltd.
Vivien Wang
Investor Relations Officer
Tel: +86-10-5885-1813
Fax: +86-10-5885-6899
Email: ir@pwrd.com
http://www.pwrd.com
Christensen Investor Relations
Kathy Li
Tel: +1-480-614-3036
Fax: +1-480-614-3033
Email: kli@christensenir.com
Roger Hu
Tel: +852-2117-0861
Fax: +852-2117-0869
Email: rhu@christensenir.com
SOURCE Perfect World Co., Ltd.
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