Gravity Released Four Games for Apple's App Store

Zardon · 01-13-2011, 03:42 AM

Gravity Released Four Games for AppleÂ¹s App store

Seoul, South Korea Â January 12, 2011 Â GRAVITY Co., Ltd. (NasdaqGM: GRVY) (Â³GravityÂ² or the Â³CompanyÂ²), an online game developer and publisher based in South Korea, today announced that Jaja : Cheer Dancing!, Graffiti Hero, Piyodamari : Eat Up! and Mashimaro Defence are available in AppleÂ¹s App store for the iPhone, iPod Touch and iPad. The four games are priced at US$ 0.99 each and the Company has also released Graffiti Hero Free, a free version of Graffiti Hero.

Jaja : Cheer Dancing! is a two-dimensional vertical scrolling action arcade game with features of rhythm action games. Players choose three modes - Sky, Disco and Mix and enjoy a jumping game, a rhythm action game or a mixed one, respectively.

Graffiti Hero is a two-dimensional side scrolling action arcade game. Graffiti Hero provides various items and combo systems which enable players to enjoy painting graffiti on various walls in the game. It also allows

high-level players to create graffiti with photos in their iPhone.

Piyodamari : Eat Up!, an arcade game, mainly targets female players from their teens through their twenties with its cheerful and cute characters. Players control Niwa, a rooster, and rescue Piyos, chicks, to clear each

stage.

Mashimaro Defence is an action game easy to play. Players control Mashimaro, a rabbit, to push or smash enemies with a plunger.

As all of the four games support OpenFeint, and Piyodamari : Eat Up! and Mashimaro Defence also support Game Center, players may record their achievements and invite or compete with others.

Mr. Toshiro Ohno, the President and CEO of Gravity said, Â³We are confident that iPhone, iPod Touch and iPad owners will enjoy the new experience in gaming with our new line-up for the App store. We will continue to introduce a variety of high-quality games to enhance our presence in the smartphone gaming market by making the most of our extensive experience in developing and publishing online games.Â²

The Company, through NeoCyon, Inc., its mobile game business subsidiary, also rolled out Ragnarok Mobile Story, a mobile MMORPG (Massively Multiplayer Online Role Playing Game) based on Ragnarok OnlineÂ, the

CompanyÂ¹s flagship PC MMORPG, in Google Android market in Japan in December 2010. Ragnarok Mobile Story was originally released in the Japanese feature phone market in March 2010 and received positive market acceptance, which led to the launch of Android version of the game. Ragnarok Mobile Story is also embedded in some Android smartphone models released in Japan. Gravity is planning to launch the game in other countries and to release another mobile game based on Ragnarok OnlineÂ for the App store in the near future.

About GRAVITY Co., Ltd. ---------------------------------------------------

Based in Korea, Gravity is a developer and publisher of online games. Gravity's principal product, Ragnarok OnlineÂ, is a popular online game in many markets, including Japan, Taiwan and Thailand, and is currently

commercially offered in 80 markets. For more information about Gravity, please visit http://www.gravity.co.kr <http://www.gravity.co.kr> .

Forward-Looking Statements:

Certain statements in this press release may include, in addition to historical information, "forward-looking statements" within the meaning of the "safe-harbor" provisions of the U.S. Private Securities Litigation

Reform Act 1995. Forward-looking statements can generally be identified by the use of forward-looking terminology, such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" "project," or "continue" or

the negative thereof or other similar words, although not all forward-looking statements

contain these words. Investors should consider the information contained in our submissions and filings with the United States Securities and Exchange Commission (the "SEC"), including our registration statement on Form F-1, as amended, and our annual reports on Form 20-F, together with such other documents and we may submit to or file with the SEC from time to time, on Form 6-K. The forward-looking statements speak only as of this press release and we assume no duty to update them to reflect new, changing or unanticipated events or circumstances.

Raven · 01-15-2011, 09:49 PM

It's pretty interesting earlier I read that companies like Sega, capcom and a few others are going to slow down the game making process for console and portable systems and put more effort on phone games, and Gravity did that as well so it seems phone games might be a leader in the future (as it isn't now....angry birds anyone?) but hey maybe we might see MMO's on the phone very soon, RO anyone?