Webzen Announces Launch of Open Beta Service in the Philippines

Date : 08/17/2004 @ 10:54PM
Source : PR Newswire
Stock : Webzen (MM) (WZEN)
Quote : 0.92  0.02 (2.22%) @ 8:00PM
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Webzen Announces Launch of Open Beta Service in the Philippines

Webzen Announces Launch of Open Beta Service in the Philippines

SEOUL, Korea, August 17 /Xinhua-PRNewswire-FirstCall/ -- Webzen Inc.

(NASDAQ:WZEN) announced today (August 18 Korean local time) that the open beta service of its flagship online game "MU" will commence at 9PM local time in the Philippines. MU will be serviced through Mobius Online Games Inc., Webzen's license partner in the Philippines.

Webzen completed the transfer of over 100,000 user accounts from the Global Server to the Philippines User Database on August 12. By registering on the official MU Philippines website (http://www.muonline.ph/), existing users from the Philippines can access their original accounts and continue play with characters created on the Global Server.

Mobius Online Games is a recognized game publisher in the Philippines, well-known for its innovative customer service tools. Co-founder David Foote is a developer with extensive experience in working with leading US game developers, and he has over ten years of experience in managing a software development company.

"We are happy to be transitioning into the open beta phase only three months after the signing of the license agreement at the E3 this year. As MU is one of the first Korean online game titles to be serviced in the Philippines, we recognize that there are high user expectations. We will work closely with our partner to live up to the Webzen name and deliver high quality services to our players," said Nam Ju Kim, the CEO of Webzen.

To celebrate the launch, 300 players who participated in the alpha test were invited to attend a launch party scheduled for this evening at a local shopping mall.

About Webzen Inc.

Headquartered in Seoul, Korea, Webzen is a leading developer and publisher of online games. The Company's current game "MU" is a three-dimensional, or 3D, multiplayer online role playing game that has grown since its introduction in 2001 to become one of the most popular online games in Korea and China. Founded in 2000, Webzen recorded revenues of USD 48 million for fiscal year 2003. More information about Webzen can be found at http://www.webzen.co.kr/.

Private Securities Litigation Reform Act Safe Harbor Statement

This press release contains forward-looking statements, which are subject to risks and uncertainties that may cause actual results to differ materially.

Webzen Inc. disclaims any responsibility to update these forward-looking statements.

CONTACT: Grace Lee Investor Relations +822-3498-6813

DATASOURCE: Webzen Inc.

CONTACT: Grace Lee, Investor Relations of Webzen Inc., +822-3498-6813,

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