CDC Games Signs Agreement with SK Telecom to License Digimon Online Games for North...

Mon Mar 10, 2008 7:30am EDT

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CDC Games Signs Agreement with SK Telecom to License Digimon Online Games for North America and China

     Digimon Games Based on the Widely Popular Series of Cartoons,
                    Comics, Trading Cards and Toys
ATLANTA & BEIJING--(Business Wire)--
CDC Games, a business unit of CDC Corporation (NASDAQ: CHINA) and
pioneer of the "free-to-play, pay for merchandise" model for online
games in China, announced today it has licensed "Digimon RPG" and
"Digimon RPG2," the massively multiplayer online role playing games
(MMORPG) based on a Japanese television animated series, for
distribution in North America and The People's Republic of China from
SK Telecom, a leading mobile telecommunications operator in South
Korea.

   Digimon RPG is based on a series of very popular Japanese animated
television shows called, "Digimon Adventure," "Digimon Adventure 02,"
"Digimon Tamers," and "Digimon Frontier." Digimon RPG2 (currently the
tentative name with an official name to be decided prior to launch
date) is a 3D MMORPG version based on the next series of the TV shows
listed above for Digimon RPG, as well as a popular series of shows
called "Digimon Savers."

   The "Digimon Savers" and "Digimon Adventure" series, produced by
Toei Animation Co., Ltd., is a widely-known Japanese animated line of
media and merchandise that includes a cartoon series, anime,
manga-style comics, toys, trading card games and other media. The
media network for the Digimon series currently includes a popular
Digimon Savers cartoon television series running on Toon Disney, and
13 video game titles available in North America.

   Digimon RPG and Digimon RPG2 are developed by Digitalic and are
also jointly planned by Digitalic and Bandai Korea Co., Ltd. CDC Games
intends to launch Digimon RPG in North America later this year.
Digimon RPG2 is currently under development and is expected to be
launched first to the Korea market later this year.

   "We are very pleased to license Digimon RPG and Digimon RPG2 to
CDC Games," said Yongbo Cho, Online Game Business team leader, SK
Telecom. "Digimon RPG has been very well received in Korea which is
one of the world's most competitive online games markets. With CDC
Games' impressive global infrastructure, deep expertise in the global
gaming market and its successful track record in the world's largest
online games market, we believe Digimon RPG will be very successful in
both the U.S. and China."

   "This is the first massively multiplayer online game based on the
Digimon world," said Jeffrey Longoria, president of CDC Games
International. "With one of the most widely recognized names around
the world, this family-friendly game is targeted at the millions of
Digimon fans who have enjoyed the last 10 years watching the worldwide
syndicated cartoons, have played more than a dozen different Digimon
console and handheld video game titles, and enjoyed the world-wide
phenomenon of the popular collectible card game. Now for the first
time, Digimon fans along with their favorite friends from all over
North America, can interact with this amazing world and each other in
a whole new exciting way."

   Digimon RPG and Digimon RPG2 are the latest in several new games
licensed in North America and the People's Republic of China by CDC
Games International (CGI). CGI already has launched games outside of
China, including Minna de Battle in Japan and Lunia in North America.

   About SK Telecom

   SK Telecom (NYSE: SKM)(KSE: 017670) is the top wireless
communication provider in Korea, where it has more than 20 million
subscribers taking up more than 50% of the total market. The company,
established in 1984, reached KRW 10 trillion (USD 10.7 billion) in
revenue in 2005. SK telecom was the first to launch and commercialized
CDMA, CDMA 2001x, CDMA EV-DO and HSDPA networks, and it currently
provides cellular, wireless internet, mobile media, global roaming
service and more. For more information please visit
www.sktelecom.com/eng.

   About CDC Games

   CDC Games is one of the market leaders of online and mobile games
in China with more than 136 million registered users. The company
pioneered the "free-to-play, pay-for-merchandise" online games model
in China with Yulgang and launched the first free-to-play, pay for
merchandise FPS (first person shooter) game in China with Special
Force. Launched in July 2007, Special Force has consistently ranked in
the Top 10 downloaded games in China and becoming the top revenue
producer for CDC Games. Currently, CDC Games offers six popular MMO
online games in China that include: Special Force, Yulgang, Shaiya,
Mir III, Shine and Eve Online. In March 2007, the company announced
the formation of CDC Games Studio to establish strategic relationships
with selected games development partners to accelerate the development
of new, original online games for China and other targeted global
geographies. CDC Games anticipates being able to deploy up to $100
million for CDC Games Studio investments through contributions from
CDC affiliated companies, external partners and its internal
resources. Through its CDC Games International (CGI) subsidiary, the
company launched Minna de Battle in Japan in December 2007. In
February 2008, CDC Games USA launched the www.12FootTall.com portal to
showcase online games in North America, sell virtual merchandise and
promote collaboration among players. Also in February 2008, CGI
launched Lunia, its first game in North America, further strengthening
its position as a global publisher of online games. For more
information on CDC Games, visit: www.cdcgames.net

   About CDC Corporation

   The CDC family of companies includes CDC Software focused on
enterprise software applications and services, CDC Games focused on
online games, and China.com focused on portals for the greater China
markets. For more information about CDC Corporation (NASDAQ: CHINA),
please visit www.cdccorporation.net.

   Cautionary Note Regarding Forward-Looking Statements

   This press release includes "forward-looking statements" within
the meaning of the United States Private Securities Litigation Reform
Act of 1995. These forward-looking statements include statements
regarding the ability of CDC Games International to launch and market
Digimon RPG and to develop, launch and market Digimon RPG2, the
success of Digimon RPG and Digimon RPG2 in the market; the success of
the cartoon series and other Digimon media, and other statements that
are not historical, the achievement of which involve risks,
uncertainties and assumptions. If any such risks or uncertainties
materialize or if any of the assumptions proves incorrect, our results
could differ materially from the results expressed or implied by the
forward-looking statements we make. These statements are based on
management's current expectations and are subject to risks and
uncertainties and changes in circumstances. There are important
factors that could cause actual results to differ materially from
those anticipated in the forward looking statements, including the
following: (a) the ability to realize strategic objectives by taking
advantage of market opportunities in targeted geographic markets; (b)
the ability to develop and market successfully first person shooter
games; (c) the future growth of the online games industry in the China
market; (d) the possibility of development delays; (e) the development
of competing products and technology; and (f) the entry of new
competitors and their technological advances. . Further information on
risks or other factors that could cause results to differ is detailed
in filings or submissions with the United States Securities and
Exchange Commission made by CDC Corporation in its Annual Report for
the year ended December 31, 2006 on Form 20-F filed on July 2, 2007.
All forward-looking statements included in this press release are
based upon information available to management as of the date of the
press release, and you are cautioned not to place undue reliance on
any forward looking statements which speak only as of the date of this
press release. The company assumes no obligation to update or alter
the forward looking statements whether as a result of new information,
future events or otherwise.

CDC Corporation
Investor Relations:
Monish Bahl, 678-259-8510
mbahl@cdcsoftware.com
or
CDC Software
Media Relations:
Scot McLeod, 678-259-8625
scotmcleod@cdcsoftware.com

Copyright Business Wire 2008
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