BEIJING, Nov. 29, 2012 /PRNewswire/ -- Santaro Interactive
Entertainment Company (OTCQB: STIE) ("Santaro" or "Company")
announced today that, in addition to its internally developed
games, the Company has entered into distribution agreements with
four third party game developers, pursuant to which it commences to
distribute four new massive multiplayer online role-playing
webgames developed by those game developers. The four webgames will
be distributed through Santaro's newly established platforms at
www.05yx.com and www.pk65.com.
The developers and games under these agreements are as
below:
* New Fantasy City, developed by Funcity Inc., was launched on
November 16, 2012. Under the
agreements, Santaro is entitled to 65% of monthly revenue derived
from distributing this game if such monthly revenue is less than
RMB300,000 (approximately
US$48,000), and is entitled to 70% of
such monthly revenue if such monthly revenue is at least
RMB300,000 (approximately
US$48,000).
* Swooned Journey to the West, developed by Guangzhou Jieyou
Software Co.Ltd., will be launched on November 23, 2012. Under the agreements, Santaro
is entitled to 60% of monthly revenue derived from distributing
this game if such monthly revenue is less than RMB1,000,000 (approximately US$160,000), and is entitled to 65% of such
monthly revenue if such monthly revenue is at least RMB1,000,000 (approximately US$160,000).
* Battle of Thousand Heroes, developed by Gamewave Group, will
be launched on November 30, 2012.
Under the agreements, Santaro is entitled to 65% of monthly gross
revenue derived from distributing this game.
* Fallen Immortals, developed by Guangzhou Mingchao Network Co.,
Ltd. will be launched. Under the agreements, Santaro is entitled to
60% of monthly revenue derived from distributing this game if such
monthly revenue is less than RMB200,000 (approximately US$32,000), and is entitled to 65% of such
monthly revenue if such revenue is at least RMB200,000 (approximately US$32,000).
With the internally developed 108 Warriors, launched in
September 2012, and Heroes of Sango
(a Three-Kingdom themed Webgame), currently in closed beta testing
phase, the Company is now operating and distributing a portfolio of
six games.
Mr. Chen, Chairman of Santaro added: "We're excited about the
additions to our game portfolio, and we look forward to expanding
the Company's list of games and network of players in China, as well as internationally. We believe
our cooperation with third party developers will enhance our
ability to achieve significant growth within the online game
community."
About Santaro Interactive Entertainment Company:
Santaro Interactive Entertainment Company primarily designs,
develops and operates 3D online games, including web-based Massive
Multiplayer Online Role-Playing Games (MMORPGs). Santaro's main
focus is on digital interactive entertainment products, primarily
in developing and operating web-based multiplayer online games,
based on its proprietary SOUL game engine and game development
platform. For those unfamiliar with these complex virtual games,
typically players spend weeks, even months, in a multiplayer online
role-playing environment, adopting the role of a particular
character — a warrior or a sorcerer, for example — developing
skills and weapons, and engaging adversaries in a series of
missions or combats.
Forward-Looking Statements
This press release may contain certain forward-looking
statements within the meaning of Section 27A of the Securities and
Exchange Act of 1933, as amended, and Section 21E of the Securities
and Exchange Act of 1934, as amended and such Forward Looking
Statements are intended to be covered by the safe harbors created
thereby. Investors are cautioned that all forward-looking
statements involve risks and uncertainties.
All statements other than statements of historical fact in this
announcement are forward- looking statements, including but not
limited to the viability of the Company's business plans, the
effectiveness, profitability, and the marketability of the
Company's products; the Company's ability to protect its
proprietary information; general economic and business conditions;
the volatility of the Company's operating results and financial
condition; and other risks detailed in the Company's filings with
the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations,
assumptions, estimates and projections about the company and the
industry. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or to changes in its expectations, except as may
be required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, management cannot assure the public that their
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results.
WebSite: www.stiechina.com
SOURCE Santaro Interactive Entertainment Company
