GAMEVIL Inc. Readying for IPO

SEOUL, KOREA -- July 20th, 2009 -- GAMEVIL Inc., a leading mobile game publisher based in Seoul, Korea, filed to go public last April 2009, and will start trading in the KOSDAQ (Korean Securities Dealers Automated Quotations) market from July 30th, 2009, as Tong Yang Securities will act as the sole manager for the offering.

GAMEVIL Inc., which was established in 2000, has generated 15.4 billion KRW in revenue with net profit of 5.3 billion KRW in 2008. GAMEVIL Inc. plans to offer 840,000 shares at 15,000 KRW per share to raise 12.6 billion KRW amount in its upcoming IPO.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About GAMEVIL Inc.

GAMEVIL Inc. is a premier mobile game publisher located in Seoul, Korea. Established in 2000, GAMEVIL Inc. has earned a reputation as one of the best companies in the mobile games sector by crafting award winners in a diverse portfolio of games. GAMEVIL Inc. is well known for revolutionizing the sector with its original and innovative mobile games, backed by unparalleled expertise in advanced mobile and network technology. As a world class leader in mobile games publishing, GAMEVIL Inc. continues to lead the sector with a commitment to establish mobile as the definitive mass market entertainment platform of the world.

GAMEVIL ® is a registered trademark of GAMEVIL Inc. in the U.S. and/or other countries.


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