Changyou.com Appoints Dewen Chen as President
February 01 2010 - 2:15AM
PR Newswire (US)
BEIJING, Feb. 1 /PRNewswire-Asia/ -- Changyou.com Limited
("Changyou" or the "Company") (NASDAQ:CYOU), a leading online game
developer and operator in China, today announced that Mr. Dewen
Chen, Changyou's chief operating officer, has been promoted to
president, a role he will serve in addition to his duties as chief
operating officer. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090402/CNTH020 ) Dewen Chen,
one of Changyou's founders, has over 11 years experience in China's
information technology industry and has been with the Company since
2005, when it operated solely as a business unit within Sohu.com
Inc. ("Sohu"). Since then, Mr. Chen has assumed various roles,
including director of marketing & operations for Sohu's
massively multi-player online role-playing games ("MMORPG")
business. As Changyou's chief operating officer, Mr. Chen plays an
integral role in several key strategic areas, such as running the
"Qibao" licensing plan, which to date has already secured several
game titles for the Company's pipeline. At the recent 2009 China
Game Industry Annual Conference, Mr. Chen was named "2009's Most
Outstanding Pioneer in the Chinese Game Industry" in recognition
for his contributions to the overall game industry in China. Mr.
Tao Wang, Changyou's chief executive officer, commented, "We are
delighted to appoint Dewen as the president of our company. He has
played an instrumental role in guiding our operating strategies
since the founding of our business. His strong execution abilities
and deep technological expertise have helped to drive organic
growth in our business, and helped us evolve into one of China's
leading online game companies. We are excited to see Dewen make
further contributions to Changyou in his expanded role." About
Changyou Changyou.com Limited's ("Changyou") (NASDAQ:CYOU) MMORPG
business began operations as a business unit within Sohu.com Inc.
(NASDAQ:SOHU) in 2003. Changyou was carved out as a separate,
stand-alone company in December 2007, completed an initial public
offering on April 7, 2009 and is now a leading developer and
operator of online games in China. Changyou currently operates
three online games, including the in-house developed Tian Long Ba
Bu, one of the most popular online games in China, and the licensed
Blade Online and Blade Hero 2. Changyou has a diversified pipeline
of games with various graphic styles and themes, including the
licensed Da Hua Shui Hu, Zhong Hua Ying Xiong, Immortal Faith,
Legend of the Ancient World, and the in-house developed Duke of
Mount Deer, which received an award as one of China's most
anticipated online games. Changyou's leading technology platform
includes advanced 2.5D and 3D graphics engines, a uniform game
development platform, effective anti-cheating and anti-hacking
technologies, proprietary cross-networking technology and advanced
data protection technology. For more information about Changyou,
please visit http://www.changyou.com/en/. Safe Harbor Statement
This announcement contains forward-looking statements. Statements
that are not historical facts, including statements about the
Company's beliefs and expectations, are forward-looking statements.
These statements are based on current plans, estimates and
projections, and therefore you should not place undue reliance on
them. Forward-looking statements involve inherent risks and
uncertainties. The Company cautions that 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, the current global
financial and credit markets crisis and its potential impact on the
Chinese economy, the slower growth the Chinese economy experienced
during the latter half of 2008 and in 2009, which could continue
through to 2010, the uncertain regulatory landscape in the People's
Republic of China, fluctuations in Changyou's quarterly operating
results, Changyou's historical and possible future losses and
limited operating history, and the Company's reliance on Tian Long
Ba Bu as its major revenue source. Further information regarding
these and other risks is included in Changyou's Registration
Statement on Form F-1 originally filed on March 17, 2009 as amended
through March 31, 2009, and other filings with the Securities and
Exchange Commission. For investor and media inquiries, please
contact: In China: Ms. Angie Chang Investors Relations Manager
Changyou.com Limited Tel: +86-10-5956-3358 Email: Ms. Cathy Li
Ogilvy Financial, Beijing Tel: +86-10-8520-6104 Email: In the
United States: Ms. Jessica Barist Cohen Ogilvy Financial, New York
Tel: +1-646-460-9989 Email:
http://www.newscom.com/cgi-bin/prnh/20090402/CNTH020 DATASOURCE:
Changyou.com Limited CONTACT: in China, Angie Chang, Investors
Relations Manager of Changyou.com Limited, +86-10-5956-3358, ; or
Cathy Li of Ogilvy Financial, Beijing, +86-10-8520-6104, ; or in
the United States, Jessica Barist Cohen of Ogilvy Financial, New
York, +1-646-460-9989, Web site: http://changyou.com/
Copyright