BEIJING, March 28, 2013 /PRNewswire/ -- Santaro
Interactive Entertainment Company (OTCQB: STIE) (the "Company"
or "Santaro") has confirmed that it has entered into exclusive
revenue-sharing distribution agreements for Santaro's 1799.com game
platform with three Internet cafe chains in Chengdu, the capital of Sichuan Province. The three Internet cafe
chains are: Chengdu Space Time Engine Network Technology Co., Ltd.,
Sichuan Star Network Co., Ltd., and Sichuan LZSH Network Technology
Co., Ltd. The agreements secure the participation in the
distribution of the games on www.1799.com by a minimum of 2,000
internet cafes in Chengdu and
other cities in Sichuan. The
agreement covers all of the third-party and self-developed games on
www.1799.com, including board and card games. The Internet cafes
will make the games on the Santaro platform, 1799.com, available to
the Internet cafe users by putting screensaver videos, desktop
icons, browser ads, popup ads and internal software integrated
directly into the users' computers. In addition to the province of
Sichuan, the agreements allow
distributions of the 1799.com platform to the Internet cafes
located in the Provinces of Yunnan, Guizhou and Henan and the city of Chongqing.
Pursuant to the agreement, the Internet cafe chains located
within the Chengdu metropolitan
region will share 45% of the platform's monthly revenue, and 40% if
located outside of the region.
Mr. Zhilian Chen, Santaro's
Founder and Chairman added: "A huge number of gamers in
China play online games through
Internet cafe networks. We believe that this agreement will provide
a great boost to the 1799.com platform, as it significantly
enhances Internet cafe users' direct access to Santaro's platform.
Sichuan and the surrounding
provinces have thousands of very popular Internet cafes, and we are
very excited that our online game platform will feature directly on
their computers."
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