BEIJING, Feb. 19, 2013 /PRNewswire/ -- Santaro
Interactive Entertainment Company (OTCQB: STIE) (the "Company"
or "Santaro") announced today that it had added another four new
games to its online game portfolio pursuant to new distribution
agreements with three third-party developers. The company has
signed distribution agreements with those three developers. The
Sword of Power 3D, a 3D MMORPG Webgame, developed by Xiamen Wangyou
Network Co., Ltd., was launched on Jan 22,
2013. Santaro gets 70% of the gross revenue generated by the
distribution of this game.
Dragon Warrior and Dragon Warrior 2, MMORPGs, both developed by
Shanghai Yiyu Network Technology Co., Ltd., which were launched on
Jan 11, 2013, and on Feb 1,
2013, respectively. For both games Santaro gets 65% of the gross
revenue generated by the distribution of this game if such revenue
is less than RMB 1 million or 70% if
it's over RMB 1 million.
Developed Mortals 2, MMORPG, developed by Guangzhou Feiyin
Information Technology Co., Ltd., was launched on Jan 18, 2013. Santaro gets 60% of the gross
revenue generated by the distribution of this game if such revenue
is less than RMB 300,000 or 65% if
it's over RMB 300,000.
There has been significant progress on previously announced
games such as the game Warlord Flame which recently opened its
20th server on Feb 17,
2013.
Santaro third party games are featured and distributed on its
recently established www.1799.com platform, launched on
January 4, 2013. The platform has
attracted almost 100,000 registered users to date.
Chairman Mr. Chen commented that "We are delighted at the build
up of new games on our new 1799.com platform which now features
over 14 games, offering diverse game content to our users. We
continue to work on expanding our overall user base both through
our numerous distribution agreements with quality developers as
well as with other strategic relationships that we are developing
within China."
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. These forward-looking statements can be identified by
terminology such as "will," "expects," "future," "plans,"
"believes" and similar statements. 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 Company's limited operating history, the Company's
ability to protect its proprietary information; changes in
China's economic, political or
social conditions or government policies, and other risks detailed
in the Company's filings with the U.S. 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
