Perfect World Entertainment Unveils Cryptic North

REDWOOD CITY, Calif., June 6, 2013 /PRNewswire/ -- Perfect World Entertainment Inc. and Cryptic Studios today announced the formation of Cryptic North, a new division of Cryptic Studios led by Director Russell Williams, an industry veteran with over 15 years of experience.

Currently, Williams and the Cryptic North team are working closely with Cryptic Studios on the continuing development of the highly-acclaimed super-hero MMORPG, Champions Online, as well as supporting efforts on both Star Trek Online and Dungeons & Dragons Neverwinter. Based in downtown Seattle, Cryptic North is well-poised to take advantage of the rich talent pool of Seattle's development community.

"We are excited to welcome Russell Williams and the team at Cryptic North to the Perfect World family," said Alan Chen, CEO, Perfect World Entertainment. "Williams' experience as a leader and creator of award-winning titles will play a critical role at Cryptic North and help grow Champions Online."

"I look forward to working closely with Perfect World and the talented developers at Cryptic Studios on Champions Online, Star Trek Online, Neverwinter and future projects," said Russell Williams, Director, Cryptic North. "We're already hard at work improving Champs."

Prior to joining Cryptic North, Russell Williams co-founded Flying Lab Software, where he oversaw the development and launch of Pirates of the Burning Sea. Williams also worked as a co-designer and producer for Rails Across America, an award-winning PC strategy title praised for its game mechanics.

ABOUT PERFECT WORLD ENTERTAINMENT INC.
Perfect World Entertainment is a leading North American online games publisher specializing in immersive free-to-play MMORPGs. Founded in 2008, Perfect World Entertainment has published many popular titles, including Blacklight Retribution, Forsaken World, Perfect World International and Star Trek Online. The company works closely with its American development teams and partners such as Cryptic Studios, developer of the highly acclaimed MMORPG Dungeons & Dragons Neverwinter, and Runic Games, developer of the hit Torchlight series, to provide unparalleled quality of service and game experiences to its players. A subsidiary of Perfect World Co., Ltd. (NASDAQ: PWRD), Perfect World Entertainment is headquartered in Silicon Valley, California. For more information, please visit: www.perfectworld.com

CONTACT:
Jason Varden
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SOURCE Perfect World Entertainment