I have returned to Singapore from Korea as previously mentioned.
METIN2 SINGAPORE CONTRACT RENEWAL
After a final round of discussion with Ymir Entertainment Co. Ltd., Tec Interactive will sign a contract renewal for Metin2 Singapore for an additional period of 3 years. The good and trusting relationship between both companies have deepened. Tec Interactive shall work closely with Ymir Entertainment to ensure that Metin2 will continue to be one of the best Oriental MMORPG. Our development staff are committed to share valuable suggestion with the developer to improve the game through mutual interraction and our community managers shall without hesitation provide updated information regarding player's concern to the developer.
Whenever approved by our developer, we will share with all the users about the new content for Metin2 in near future. (Please be assured that new content for Metin2 is coming soon and the developer are working hard to provide quality content to ensure Metin2 will always be fun and unique)
LEGAL FRAMEWORK AGAINST PRIVATE SERVERS:
Under a new directive, Tec Interactive and Ymir Entertainment will begin a series of legal action against Metin2 private servers. Concrete action plan is in discussion between the Companies and the lawyer. The Companies will not be issuing warning and we will pursue against the owner for infringement under the Copyright Law in the respective countries WITHOUT leniency.
1.7 MILLION US DOLLAR LICENSE AGREEMENT FOR SEVENCORE
Last but not least, on 30 May 2012, Tec Interactive signed a 1.7 million US Dollar License Agreement for one of the much anticipated MMORPG known as Sevencore with renown Game Developer/Publisher "High1 Entertainment" in Korea.
We are estimating the Game to be ready in mid July 2012 for Close Beta and it should be fetching an estimated gross revenue of 500,000 USD to 800,000 USD each month.
Press release in Korean dated 31 May 2012. Media release translated in English will be published at later date in early June 2012. (
)Alongside Sevencore, Tec Interactive had also designed a pre 2013 - 2017 plan to license a variety of MMOs from established Developers in Korea and China; setting aside a total of 25,000,000 USD for the project.
CLOSING SPEECH
In closing, we hope that our dearest and most valuable customers continue to give us the support and help our Company reach our objective to be the best Game Publisher in the World, dedicated to serving our customers embarking on a World-Class oriented customer service standard. Of course, we can be the best ONLY if YOU constantly show us our mistake and help us in correction!
Cheers & Best Regards,
Christopher Chia
CEO
TEC Interactive Pte Ltd
