GREE to Establish Five Subsidiaries in Asia, Europe, and South America

BURLINGAME, Calif., Sept. 1, 2011 /PRNewswire/ -- GREE, Japan's leading mobile social gaming platform, today announced that it will establish subsidiaries in five countries including Korea, Singapore, U.K., Netherlands, and Brazil. The new overseas operations will enhance local business collaboration and help with development and support for local game developers.

GREE has been rapidly expanding internationally as the smartphone market continues to grow, and established its US subsidiary, GREE International, in January 2011. In April, GREE acquired OpenFeint, which manages the world's largest cross platform social gaming network with over 115 million users worldwide. GREE also has plans to establish its first Chinese subsidiary, GREE Beijing, for development and strategic alliance purposes.

Currently, GREE has a social mobile gaming operation in Japan, in addition to platform businesses in North America, Asia, and Europe, through OpenFeint. Combined, GREE's robust network reaches over 140 million users worldwide. The new operations in Korea, Singapore, U.K., Netherlands, and Brazil will help to accelerate GREE's plan to expand its global footprint.

Overview of New Subsidiaries*

*The corporate names may change in the registration process.

GREE will continue to provide the leading mobile social gaming ecosystem for users around the world, by creating high-quality content in collaboration with established global partners, and enable deeper person-to-person interaction within games.

About GREE

GREE provides Japan's leading mobile social network, and is at the forefront of mobile technology. With over 26 million users, GREE was ranked as Japan's fastest-growing tech company by Deloitte Touche Tohmatsu in 2010. GREE is expanding globally, and acquired OpenFeint to enter the global market. Combined, the two networks reach over 140 million players and offer over 7,100 games. GREE aims to build the leading mobile social gaming ecosystem for users and developers worldwide.

GREE and the GREE logo are registered trademarks of GREE, Inc. in Japan. All other trademarks are the property of their respective owners.

SOURCE GREE International