LADYDRAGON.COM - Phantagram Interactive Announces `Crouching Tiger, Hidden Dragon' Massively Multiplayer Online Game

Thursday June 20, 2002

Phantagram Interactive Announces `Crouching Tiger, Hidden Dragon' Massively Multiplayer Online Game

Phantagram Interactive announced today that it will develop and publish a Massively Multiplayer Online Game (MMOG) based on "Crouching Tiger, Hidden Dragon." Set to release in Q4 of 2004, the game will shift the paradigm in MMOG as the game play will focus on fast-paced, Kung-Fu-style fighting with a deep storyline to immerse players in the world of the "Crouching Tiger, Hidden Dragon."

"We are very excited to bring this unique property to life in the form of a MMOG that will redefine the genre," said Sangyoun Lee, Chairman and CEO of Phantagram Interactive.

The company plans to launch a Web site with more details of the game in the coming months.

About Phantagram Interactive

Phantagram Interactive is a wholly owned subsidiary of joint venture partners Phantagram LTD and CJ Group. Founded in 1994, Phantagram is one of most well-known Korean game companies, having developed and published "Zyclunt (Blade Warrior)," an arcade action-style game, as well as the award-winning role-playing game "Astonishia Story: Forgotten Saga." In 2001, Phantagram completed its groundbreaking real-time strategy and role-playing game "Kingdom Under Fire," which was released in over 30 countries worldwide including North America. Phantagram is currently working on "Shining Lore," a full 3-D polygon Massively Multiplayer role-playing game; "Strident," a futuristic 3-D action game; and "Duality," an action-oriented cyberpunk, role-playing game of epic proportions. In addition to its internally developed games, Phantagram will also publish third-party titles such as Genki's "Phantom Crash." With offices in Seoul, Tokyo, Beijing, Los Angeles, Madrid and London, Phantagram is well-positioned for worldwide development and publishing of Interactive Entertainment.