Perfect World Announces Asset Transfer and License Agreement With In terserv

BEIJING, Oct. 27 /Xinhua-PRNewswire/ -- Perfect World Co., Ltd. , a leading online game developer and operator in China, today announced that it has entered into an agreement with Global InterServ (B.V.I.) Inc., a subsidiary of InterServ International Inc. , a Taiwan-based game developer ("InterServ").

Under this agreement, Perfect World will acquire an online game named "Meteor Online" and an exclusive license of the sales and publishing rights to an online game developed based on XiaoAoJiangHu, the famous book authored by Louis Cha.

In addition, Perfect World will also acquire a license to use InterServ's cross-platform game development engine. The aggregate transaction consideration is approximately US$15,000,000, and Perfect World will not pay additional royalties for the above licenses.

"We are very pleased to sign this agreement with InterServ," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "The addition of XiaoAoJiangHu and Meteor Online is directly related to our long-term vision of diversifying our game portfolio and enhancing player loyalty. I am highly confident that this collaboration will be very successful."