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Asiasoft Draws Curtains on the Completion of Pangya Contract

28 April 2008, Singapore – AsiaSoft Online Pte Ltd (“AsiaSoft”), the leading publisher of Massively Multiplayer Online Games (MMOGs) in Southeast Asia, announced the completion of Pangya Southeast Asia contract with its strategic partner, HanbitSoft. It is of business understanding for the unbeaten relationship to end for both companies since the launch of Pangya in Singapore and Malaysia.

Pangya, a free-to-play online game, cleverly combines fantasy with realistic simulation to create a unique virtual golfing experience. Set in a fantasy realm of anime characters and lush 3D scenery, the game has high-quality visuals and intuitive interface that had been a truly engaging, highly rewarding game. Pangya had been well received by PMEBs (Professionals Managers Executives and Businessmen), golfers and families since the partnership.

“With widespread popularity that Asiasoft Online has built among the gaming community in Singapore and Malaysia, HanbitSoft is thankful to both Asiasoft Online and Pangya gamers for their continuous support all these years,” said Richard Sung, General Manager, HanbitSoft. “The completion of contract for Pangya reinforces our commitment to continue bringing to market exciting games in the future.”

“We are very honored to garner so much support from our gamers all these years, and the fruitful partnership that both companies have enjoyed,” said Sherman Tan, Chairman of Asiasoft Online Pte Ltd. “With the completion of the contract and business nature, we look forward to working closely with HanbitSoft should opportunities arise. We stay committed in realigning our strategy to cater to growing needs for full player enjoyment in the future.”

Pangya lovers will be notified to clear their A-Cash with no new sign-ups from today’s announcement. Asiasoft Online, catering to the fondling memories of affected players, allows three months of free play before drawing the curtains on 25th August 2008. As a gratitude offer for the gamers’ long time support to Pangya, special arrangements to beta-test Richman Online with unique games item will be provided.

About Hanbitsoft Inc
HandbitSoft Inc. is the exclusive global licensee of the game Pangya (exclusing Taiwan). The company was established in 1999 in Korea concentrating on domestic PC game. HanbitSoft now focus on the online game industry and had invested into prominent in-house and overseas game studios such as IMC Games, Flagship Studios, Auran Studio, and Studio Mars. Successful games in the market include Tantra, PangYa, Survival Project, WYD, Granado Espada, NeoSteam, Neo Baseball, HellGate: London and Guardians Online. For more information, please visit http://www.hanbitsoft.com/

About AsiaSoft Online Pte Ltd
AsiaSoft Online Pte Ltd publishes Massively Multiplayer Online Games (MMOGs) in Singapore and Malaysia. Incorporated in 2004, AsiaSoft Online Pte Ltd assists game developers to tap onto the growth potential of the South-East Asia region.

AsiaSoft Online Pte Ltd publishes “MapleStory”, “Pangya”, “Audition”, “GetAmped”, “Grand Chase”, “CABAL Online”, “Richman Online”, “Ragnarok 2” and distributes “Gunbound”, “SilkRoad Online”. AsiaSoft Online Pte Ltd is also the Official Distributor for Blizzard Entertainment’s record breaking title “World of Warcraft”.

AsiaSoft Online Pte Ltd is part of the AsiaSoft group of publishing companies with a presence in Singapore, Malaysia, Thailand and Vietnam serving over 15 million registered gamers.

Committed to developing the regional online gaming community, AsiaSoft Online Pte Ltd works with content developers and industry partners to entertain and engage casual gamers and netizens. Content localization, marketing and game service management are deployed by specialized and dedicated professionals, for game developers, in an integrated services platform.

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