http://biz.yahoo.com/bw/040928/275092_1.html
Press Release Source: Forlink Software Corp. Inc.
Forlink Acquires 30 Percent Interest of Gmgame Tuesday September 28, 1:00 am ET
BEIJING--(BUSINESS WIRE)--Sept. 28, 2004--Forlink Software Corp. Inc. (OTCBB:FRLK - News) today announced that it has entered into a definitive agreement to acquire 30 percent interest from Gmgame (http://www.gmgame.com), a privately held online game portal in China. Under the terms of the agreement, Forlink will provide Gmgame with long-term IT services and approximately US$36,000 for the shares acquired. Gmgame is a fast-growing online game portal committed to providing Chinese players with the widest variety of online games available. It is also a popular online shopping center for game- related products. It has been a customer of Forlink's ASP (Application Service Provider) service since June. Gmgame's Web site, e-mail system, and online shopping system are hosted and managed on For-online.
According to IDC (International Data Corp.), China's online gaming market totaled US$159.7 million in 2003 in online gaming subscription revenue. Online gaming subscriptions will grow from US$159.7 million in 2003 to US$822.9 million in 2008. The market will increase at a 2003-2008 CAGR of 39 percent. China is expected to become the largest online gaming market in the Asia-Pacific by 2007.
Forlink's CEO, Yi He, commented: "We believe Gmgame is a promising company. It has demonstrated solid growth with the support of For-online. This investment enables us to enter a fast-growing market and utilize our IT expertise to further diversify our revenues."
About Forlink Software Corp. Inc.
Forlink Software is a leading provider of software solutions and information technology services in China. The company focuses on providing Enterprise Application Integration (EAI) solutions and IT outsourcing services for telecom, logistics, financial industries, etc.
The company delivers a cutting-edge Application Integration platform and provides various software solutions and products, enabling its customers to build, maintain, operate, manage and continuously improve their information systems.
The company provides IT outsourcing services for several industries. Its services include ASP (Application Services Provider), software outsourcing services, network design/development and management, application system design/development and maintenance, customer support, and system support/recovery, among others.
Since the inception of the company's business in 1993, its customers represent over 20 provinces, cities and municipalities in China. The company has accomplished hundreds of application integration projects in telecom, logistics, financial, governmental, retail and other industries. For more information about Forlink, please visit http://www.forlink.com.
Note on Forward-Looking Statements: Statements herein contained that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the U.S. Securities Act of 1998, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements are made based upon information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, the company's ability to continue to develop its market, general economic conditions and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
Note to Editors: Forlink, the Forlink logo and Services are trademarks of Forlink Technologies Co. Ltd. All other trademarks are the properties of their respective owners. For more information about Forlink, please visit http://www.forlink.com.
-------------------------------------------------- Contact: Forlink Software Corp. Inc. Grace Tan, 8610-88026633 ir@forlink.com
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