SEOUL, South Korea, May 4 /PRNewswire-FirstCall/ -- Gravity Co., Ltd.
(Nasdaq: GRVY), a leading developer and distributor of online games, will be
featured at E3Expo 2005, the world's premiere computer and video game trade
event, set to open its doors to industry professionals at the Los Angeles
Convention Center from May 18-20, 2005.
Gravity's Chief Strategy Officer, Richard Kim, will participate with other
industry executives in the feature panel titled "The upcoming forecast for
online games: How visionaries and pragmatists are betting on the future." The
panel will be held on Wednesday, May 18, 1:30PM PDT - 3:00PM PDT in room
406AB.
Panelists will discuss what business models will be the main source of
revenue for the online games of tomorrow, including subscription-based, pay-
for-play, and free-to-play with in-game sales models. Panelists will also
discuss efforts to capture the 3C audience (Core, Committed, and Casual
players) and how in-game ads and sponsorship of tournaments will work online.
Richard Kim, Chief Strategy Officer of Gravity, commented, "Broadband use
worldwide is steadily increasing, with online gaming as a prime beneficiary.
Asia remains at the center of all the action, with high growth expected to
continue given user habits and their love for animation and entertainment
gaming. Gravity has been one of the most successful developers and publishers
to date based on our business model and experience. We have an excellent
track record for commercializing properties with the ability to extend into
other synergistic areas such as animation and merchandising. Importantly, we
have been able to maintain and strengthen our competitive position in online
games due to the strong demand for our top titles. Our recent successful
Nasdaq IPO underscores management's winning performance, business strategy and
investors' confidence in our growth prospects. We look forward to sharing our
insights with fellow industry visionaries and professionals."
E3Expo is the world's premiere trade show for computer and video games and
related products. The show, now in its eleventh year, is owned by the
Entertainment Software Association (ESA), the U.S. association dedicated to
serving the business and public affairs needs of the companies publishing
interactive games for video game consoles, handheld devices, personal
computers, and the Internet. For more information, please visit
http://www.e3expo.com or http://www.theesa.com .
To set up interviews, investor or analyst meetings with Gravity
executives, please contact Sharon Lou, 646-536-7006 or slou@theruthgroup.com.
About Gravity Co. Ltd.
Based in Korea, Gravity is a leading developer and distributor of online
games in Japan, Taiwan, Thailand and Korea. The Company's principal product,
Ragnarok Online, is currently commercially offered in 20 markets. Gravity
also offers a number of mobile games, which are played using mobile phones and
other mobile devices, participates in the production of a televised animation
series, and licenses the merchandizing of character-related products based on
its online games. For more information visit http://www.gravity.co.kr.
Forward-Looking Statements:
Certain statements in this press release include forward-looking
statements within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. Forward-looking statements generally can be identified by the use
of forward-looking terminology, such as "may," "will," "expect," "intend,"
"estimate," "anticipate," "believe," "project" or "continue" or the negative
thereof or other similar words. All forward-looking statements involve risks
and uncertainties, including, but not limited to, the ability to diversify
revenue, ability to collect license fees and royalty payments from overseas
licensees and in a timely manner; ability to acquire, develop, license,
launch, market or operate commercially successful online games; competition
from companies that have greater financial resources; introduction of new
products into the marketplace by competitors; the ability to recruit and
retain quality employees as the Company grows; and economic and political
conditions globally. Actual results may differ materially from those discussed
in, or implied by, the forward-looking statements. The forward-looking
statements speak only as of the date of this release and the Company assumes
no duty to update them to reflect new, changing or unanticipated events or
circumstances.
CONTACTS:
In Korea:
Kwan Shik Seo, CFO
Gravity Co. Ltd.
Tel: 82-2-516-5438(Ext. 314)
ksseo3311@gravity.co.kr
In the U.S.:
David Pasquale, EVP
The Ruth Group
Tel: +646-536-7006
dpasquale@theruthgroup.com
SOURCE Gravity Co., Ltd.
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Related links:
http://www.gravity.co.kr
CONTACT:
In Korea: Kwan Shik Seo, CFO of Gravity Co.
Ltd., 82-2-516-5438 (Ext. 314), ksseo3311@gravity.co.kr; In the
U.S.: David Pasquale, EVP, The Ruth Group, +1-646-536-7006,
dpasquale@theruthgroup.com
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