UltiZen Games Acquires Red Entertainment

SHANGHAI, March 31, 2011 /PRNewswire-Asia/ -- Today UltiZen Games Limited (hereby 'UltiZen'), a leading China game developer announced the acquisition of Red Entertainment Corporation Limited (hereby 'Red'), a leading Japanese game developer renowned for its expertise in the creation of popular game Intellectual properties.

Created over 27 years ago, Red's many projects include such innovative games as the "Sakura Wars" series, "Tengai Makyou" series and "Scared Rider Xechs".

UltiZen will work closely with Red to co-develop PC online games as well as smart phone games. At the same time, Red will continue to create its new game IPs while also bringing its expertise to leverage UltiZen's game creation capability.

"The future of our industry depends on our ability to create new game ideas that captivate our users and to extend those brands to other platforms such as smart phones," said Haiwen Lan, chief executive officer at UltiZen. "The acquisition of Red falls directly into the strategy. The exceptional quality of the team at Red and the game development expertise of our UltiZen teams will allow us to create the best game titles in the entertainment industry. This alliance is a true first for China's game industry. UltiZen and Red share the same vision of entertainment convergence and a common passion for innovation and creativity."

"It is the quality and innovation of our talents that made Red into one of the most well-known studios in Japan," stated Yasuaki Nagoshi, chief executive officer at Red. "The sharing of development and creative expertise between UltiZen and Red will position the two companies at the head of the pack in an entertainment industry in rapid evolution."

The two companies have already decided to develop 5 titles together in 2011.

About UltiZen Games

Founded in 2005, UltiZen Games is one of China's largest game development and outsourcing companies. UltiZen is also the creator of the U-Pal web game platform for the Chinese market, as well as the leading mobile game developer. In 2008, Red Herring named UltiZen one of the most innovative private technology companies with its Global 100 award. UltiZen currently has 400 employees and maintains studios in Shanghai, Beijing and Suzhou.

About Red Entertainment

Founded in 2000 (RED Company LLC, the predecessor was established in 1984), Red Entertainment has been renowned for its expertise in the planning and creation of various intellectual properties mainly in character contents for games.  Basing its HQ in Tokyo, Red has expanded its business of IP licensing as well as in-house publishing and game development outsourcing services globally.

SOURCE UltiZen Games Limited