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Santaro Interactive Entertainment Company Announces THREE KINGDOMS, its MMORPG Game on Target for April 2011 and Expands Its Ke

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  Published in Science and Technology on Friday, February 4th 2011 at 5:15 GMT by Market Wire
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BEIJING--([ BUSINESS WIRE ])--Santaro Interactive Entertainment Company (OTCBB: STIE) announced today that its MMORPG game, THREE KINGDOMS, is on target to open to the public in April of this year. The company anticipates completing the beta test phase in March. Levels 1 through 40 of the game have been completed, and an expansion package (levels 41 through 60) is also expected to be completed by the official launch of the game in May of 2011.

The company also recently signed a distribution and operating agreement with a third party developer for the MMORPG game HERO, with the purpose of fine tuning Santaroa™s member platform, online advertising system, and data center. The company noted that over 50,000 users joined the game within a few days of launch and all three core systems have performed as intended. The cooperating partners for user online payments include alipay.com and ips.com.cn. The cooperating partners for online advertisement include baidu.com, 7k7k.com, flashget.com, kuaikuai.cn, union001.com, xt918.com, 100felm.cn, tuigoo.com, and unionbig.com.

Additionally, the company reported that it anticipates its Shui Hu MMORPG game to be ahead of schedule and to launch at the end of the year as opposed to July of next year. The company recently acquired several key personnel in building the development team, which include Mr. Li Xuepeng, Chief Design Officer who was previously with Nasdaq listed Giant and Perfect World, Mr. Yang Jian as Chief Technology Officer who was previously with IDN, Ladder TechCo, Cross Light Tech and Tsinghua Unisplendor Tech Co., Mr. Song Hang as Chief Art Officer who was also previously with Ladder Tech and Cross Light Tech and who was part of the development of the games aWarrior Epica and aGalaxya, Mr. Fu Qiang who was recently with Beijing Dawawa Tech Co and was part of the development of the game a Magic Forresta and several game engines such as OGRE, Torque and Unreal and the Shui Hu gamea™s program manager, Mr. Dong Rui, who was previously with King soft Ltd and Slight Ltd and was responsible for the JiangWang, JeSe and Julong MMORPG games.

The Company now maintains a total of approximately 400 employees, including three game development teams located in three company operated studios in Beijing China, one for each of its three proprietary MMORPG games currently in final stages of development, namely a Three Kingdomsa, aShuei Hua and aUUa, the technical team for the Companya™s proprietary game engine, aSOULa as well as the necessary service support personnel.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements including but not limited to the effectiveness, profitability and marketability of the company's or Santaro Interactive Entertainment Company's products; the period of time in which any acquisition is expected to occur, the impact of any planned acquisition on the company, the company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; the company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the company's filings with the 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 companies 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.