SEOUL, South Korea,
Jan. 20, 2015 /PRNewswire/ -- GRAVITY
Co., Ltd. (NasdaqCM: GRVY) ("Gravity" or the "Company"), today
announced that it has entered into business agreements with
Shanghai The Dream Network Technology Co., Ltd. ("Dream Square")
dated January 15, 2015.
Gravity signed a development agreement with Dream Square.
Gravity granted Dream Square a nonexclusive right to develop and
distribute mobile games in China
by using contents of its principal product, Ragnarok Online. Dream
Square is to develop and publish a mobile game within one year and
another one within 18 months from the effective date of the
agreement.
Gravity also signed a license agreement with Dream Square, which
entitles Dream Square to operate and distribute Ragnarok Online II
in China. The Company has already
entered into license and distribution agreements for Ragnarok
Online II with its subsidiary and local licensees for service in
Japan, the United States, Europe, Taiwan and 19 other countries.
"We are happy to announce that Ragnarok Online II will be
available in China by an excellent
business partner such as Dream Square," commented Mr. Hyun Chul Park, the CEO of Gravity. "Also, we
are excited about this opportunity for world-renowned Ragnarok
Online to reach out to mobile game players."
About GRAVITY Co., Ltd.
Based in Korea, Gravity is a developer and publisher of online
games and mobile games. Gravity's principal product, Ragnarok
Online™, is a popular online game in many markets, including
Japan, Taiwan and Thailand, and is currently commercially
offered in 60 markets. For more information about Gravity, please
visit http://www.gravity.co.kr.
About Shanghai The Dream Network Technology Co., Ltd.
Based in China, Dream Square
provides web games, social games, mobile internet games, and
various cross platform gaming services. It exports its gaming
products to Northern America, Europe, Russian
Federation, Japan, and
Taiwan markets. For more
information about Dream Square, please visit
http://www.thedream.cc.
Forward-Looking Statements
Certain statements in this press release may include, in
addition to historical information, "forward-looking statements"
within the meaning of the "safe-harbor" provisions of the U.S.
Private Securities Litigation Reform Act 1995. Forward-looking
statements can generally 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, although
not all forward-looking statements contain these words. Investors
should consider the information contained in our submissions and
filings with the United States Securities and Exchange Commission
(the "SEC"), including our registration statement on Form F-1, as
amended, and our annual reports on Form 20-F, together with such
other documents and we may submit to or file with the SEC from time
to time, on Form 6-K. The forward-looking statements speak only as
of this press release and we assume no duty to update them to
reflect new, changing or unanticipated events or circumstances.
Contact:
Mr. Heung Gon Kim
Chief Financial Officer
Gravity Co., Ltd.
Email: kheung@gravity.co.kr
Ms. Ji Hee Kim
IR Manager
Gravity Co., Ltd.
Email: jihee521@gravity.co.kr
Telephone: +82-2-2132-7800
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SOURCE Gravity