SOURCE Santaro Interactive Entertainment Company
BEIJING, Feb. 19, 2013 /PRNewswire/ -- Santaro Interactive Entertainment Company (OTCQB: STIE) (the "Company" or "Santaro") announced today that it had added another four new games to its online game portfolio pursuant to new distribution agreements with three third-party developers. The company has signed distribution agreements with those three developers. The Sword of Power 3D, a 3D MMORPG Webgame, developed by Xiamen Wangyou Network Co., Ltd., was launched on Jan 22, 2013. Santaro gets 70% of the gross revenue generated by the distribution of this game.
Dragon Warrior and Dragon Warrior 2, MMORPGs, both developed by Shanghai Yiyu Network Technology Co., Ltd., which were launched on Jan 11, 2013, and on Feb 1, 2013, respectively. For both games Santaro gets 65% of the gross revenue generated by the distribution of this game if such revenue is less than RMB 1 million or 70% if it's over RMB 1 million.
Developed Mortals 2, MMORPG, developed by Guangzhou Feiyin Information Technology Co., Ltd., was launched on Jan 18, 2013. Santaro gets 60% of the gross revenue generated by the distribution of this game if such revenue is less than RMB 300,000 or 65% if it's over RMB 300,000.
There has been significant progress on previously announced games such as the game Warlord Flame which recently opened its 20th server on Feb 17, 2013.
Santaro third party games are featured and distributed on its recently established www.1799.com platform, launched on January 4, 2013. The platform has attracted almost 100,000 registered users to date.
Chairman Mr. Chen commented that "We are delighted at the build up of new games on our new 1799.com platform which now features over 14 games, offering diverse game content to our users. We continue to work on expanding our overall user base both through our numerous distribution agreements with quality developers as well as with other strategic relationships that we are developing within China."
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.
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.
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