( BW)(ULTIZEN-GAMES) Ultizen Games Secures $6 Million in Series B
Financing

      -- Funds Will Be Used for Continued Rapid Expansion Through
                            Acquisitions--

    Business Editors/Technology Editors

    SHANGHAI, China & LOS ANGELES--(BUSINESS WIRE)--Aug. 5,
2008--Ultizen Games Ltd., a game development and outsourcing company,
announced today that it has secured $6 million USD in a Series B
funding round led by Taiwan-based venture capital firm PAC-LINK, with
participation from Japan-based VC firm Japan Asia Investment Co.
(JAIC) and CyberAgent, a leading on-line advertising agency and media
representative company. The Series B funding will be used to support
company's continued rapid growth through acquisitions. Ultizen's North
American offices are located in Los Angeles.

    Ultizen closed a $1.5 million USD Series A round of financing from
Shanghai and Boston-based Dragonvest Partners in late June of 2007,
and grew from 70 to 350 employees within the company's first year of
operation.

    With the largest talent base in China, reliable security to
protect client intellectual property (IP), excellent quality control
and an outstanding record of on-time delivery, Ultizen provides the
highest quality game art development outsourcing services to North
American, European and Japanese clients ranging from "top 20" gaming
and media companies to small and mid-size studios.

    Ultizen Games' 350-person studio provides game development
services including game design, porting, programming and art. A
certified Microsoft XBOX Live Arcade game developer, the company plans
to launch its first title on the XBOX platform in the fall of 2008.

    "China has become the biggest game development and art outsourcing
market in recent years and we believe the market will continue to grow
exponentially in the near future. With the advanced technology and
more than 350 talented developers, Ultizen has the potential to become
the market leader in the industry," said PAC-LINK General Partner
Allen Hsu. "In addition, the web-based casual game industry has shown
tremendous growth. As an early mover in this segment, we believe that
Ultizen will become a dominant player and, moreover, have great
potential to expand from a developer into an influential publishing
and operating company in this segment."

    Founded in January 2005 by gaming industry veterans Lan Haiwen and
Wu Jun, now Ultizen's CEO and Vice President, respectively, the
company has achieved rapid success, and has grown to be one of the top
three independent game studios in China, both organically and through
the acquisition of Beijing-based Mo-Star Limited, a well-established
game content provider on China Mobile's game portal platform. The
company maintains studios in Shanghai and Beijing, China and opened an
office in Los Angeles in the fall of 2007.

    "Ultizen's leadership team, Lan Haiwen and Wu Jun, combines a deep
knowledge of the gaming industry and the Chinese game development
market with a sophisticated understanding of the needs of game
development and media companies around the globe," said Dragonvest
Partners Co-Founder and Co-Managing General Partner Jesse Parker.
"They have done an outstanding job of attracting and retaining the top
talent needed to support rapid growth and address their clients skills
and resource requirements while maintaining a high quality standard."

    Ming Hsu, General Partner, PAC-LINK and Tetsuya Tsuda, CEO of
Japan Asia Investment (China) Co., Ltd. will join Dragonvest Partners'
Jesse Parker; Ultizen Vice President Wu Jun; and board chairman and
Ultizen CEO Lan Haiwen on the company's Board of Directors.

    "Ultizen's track record of profitable growth is a validation of
our capabilities and the top- and bottom-line business benefit our
clients derive from partnering with us," said Lan Haiwen. "The
addition of PAC-LINK, JAIC and Cyber Agent to our investment team
provides us with the resources to aggressively expand our leadership
position among China-based game development and outsourcing companies
to address the huge market opportunity the thriving global gaming
industry presents."

    About Ultizen Games

    Ultizen Games Ltd is a Shanghai-based game development outsourcer
for North American, European and Japanese companies, and the creator
of the U-Pal casual game platform for the Chinese market. The company
was founded in 2005 by a group of industry experts from Ubi Soft
China, Shanda and The 9. Ultizen Games' 320-person studio provides
game development services including game design, porting, programming
and art. The company maintains studios in Shanghai and Beijing, China
and opened an office in Los Angeles in the fall of 2007. For more
information, please visit www.ultizen.com.

    About CyberAgent

    CyberAgent, Inc. (TSE: 4751) is a leading on-line advertising
agency and media representative company. Established in 1998, and
listed on the Tokyo Mothers Exchange in 2000, the CyberAgent group is
committed to contributing to a new society through its work on the
Internet, not only in its fields of advertising and media, but through
finding promising new business and investing aggressively in
developing new business.

    About Dragonvest Partners

    Dragonvest Partners is an early stage technology venture fund
investing in talented Chinese entrepreneurs who have started new
enterprises in Greater China. Based in Shanghai, PRC with a presence
in Boston, Massachusetts, USA, Dragonvest is dedicated to investing in
early stage emerging Chinese technology companies. Dragonvest's unique
advantage is its bi-lingual, bi-cultural investment strategy which
allows Chinese technology companies to grow and emerge as global
technology enterprises.

    DVP targets early stage companies including "Sea Turtle" ethnic
Chinese returnees who have established emerging enterprises in China.
Dragonvest is on the leading edge of assisting promising entrepreneurs
in growing exciting companies dedicated to developing and marketing
products both for the Chinese domestic market and the global market.

    About JAIC

    The JAIC Group is committed to serving as a bridge between
financial and industrial capital as an independent venture capital
firm and intends to contribute to the creation of a new industrial
structure by fostering the development and growth of new business
ventures and new industries. In the area of venture capital
investments, our core area of operations, we will apply our
sophisticated specialist knowledge and ample experience to invest in
privately held companies with growth prospects, will foster and
support investee companies to increase their corporate value, and will
seek to maximize capital gains and fund performance that results from
the IPOs of these companies and other exit strategies. JAIC's North
American offices are located in Palo Alto, California.

    About PAC-LINK

    Founded in 1998, PAC-LINK has established itself as a professional
venture capital management firm. Up to now, PAC-LINK managed ten
funds, with a total fund size growing from US$30M to US$430M. Ever
since its establishment, PAC-LINK has invested and assisted over 160
portfolio companies to grow their business. The portfolio covers a
wide range of industries, including auto, communication,
semiconductor, optical electronics, and life sciences, mostly in Asia
and North America.

    --30--LO/bo*

    CONTACT: Boldbrook Marketing for Ultizen Games
             Leslie Drohan, 508-836-4300
             LDrohan@Boldbrook.com
             or
             Neal Stein, 321-253-8225
             NealJStein@Boldbrook.com




Disclaimer: Deze bekendmaking is officieel geldend in de originele 
brontaal. Vertalingen zijn slechts als leeshulp bedoeld en moeten 
worden vergeleken met de tekst in de brontaal welke als enige, 
juridische geldigheid beoogt.