SHANGHAI, Sept. 13, 2016 /PRNewswire-FirstCall/ -- The9
Limited (the "Company" or "The9," NASDAQ: NCTY), an online game
developer and operator in China,
today announced that it has obtained the development and operation
rights to use CrossFire IP to develop a brand new shooting mobile
game in China, through its
subsidiary's agreement with Smilegate Entertainment, Inc.
The Company currently expects to start the testing of the
CrossFire brand new mobile game by the first quarter of 2017 and
commercialize the game afterwards.
About The9 Limited
The9 Limited is an online game developer and operator in
China. The9 Limited develops and
operates, directly or through its affiliates, its proprietary MMO
and mobile games including Firefall and Legend of Red Dragon. The9 Limited's joint venture has
obtained an exclusive license for publishing and operating
CrossFire 2 in China. The9 Limited
also engages in mobile advertising and mobile app education
businesses. The9 Limited has formed a joint venture with Shanghai
ZTE to develop and operate home entertainment set top box
business.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. Among other things,
statements about the testing and launch schedule of the CrossFire
brand new mobile game may constitute forward-looking
statements. Statements that are not historical facts,
including statements about The9 Limited's beliefs and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of important factors
could cause actual results to differ materially from those
contained in any forward-looking statement. Potential risks and
uncertainties include, but are not limited to, political and
economic policies of the Chinese government, the laws and
regulations governing the online game industry, information
disseminated over the Internet and Internet content providers in
China, intensified government
regulation of Internet cafes, The9 Limited's ability to retain
existing players and attract new players, The9 Limited's ability to
license, develop or acquire additional online games that are
appealing to users, The9 Limited's ability to anticipate and adapt
to changing consumer preferences and respond to competitive market
conditions, and other risks and uncertainties outlined in The9
Limited's filings with the U.S. Securities and Exchange Commission,
including its annual reports on Form 20-F. The9 Limited does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
For further information, please contact:
Ms. Connie Sun
Investor Relations Specialist
The9 Limited
Tel: +86 (21) 5172-9990
Email: IR@corp.the9.com
Website: http://www.corp.the9.com/
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SOURCE The9 Limited