GAMEVIL acquires 100% stake in Everple, creators of global hit ‘Monster Warlord’

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GAMEVIL acquires 100% stake in Everple, creators of global hit ‘Monster Warlord’

LOS ANGELES, CA- November 25, 2013- Leading mobile games publisher and developer GAMEVIL today announced that it has agreed to fully acquire mobile game studio, Everple, as it continues aggressive investments in companies, projects, and talent acquisitions to bolster global expansion.

The announcement follows recent equity investments into the company, after reevaluating the potential of Everple’s current and upcoming titles. The acquisition is considered a re-marriage of sorts with Everple CEOs, Jungoo Park and Ilgyu Song, having worked at GAMEVIL prior to branching out and creating their own company.

Everple is a proven developer that specializes in creative, social network RPGs. Its most recent title ‘Monster Warlord’, has become a global hit, collecting more than 10 million downloads worldwide. The game currently ranks Top 50 Grossing Overall in over 20 countries’ Google Play, and continues to see increases in sales today. In 16 months after launching, the game has generated more than $16 million USD in revenue to date, and Everple has become a promising company with an annual profit of $3 million USD.

GAMEVIL has continued to amplify its global expansion efforts through aggressive investments, including recent partnerships with Com2uS and Ocean View Games. Going forward, GAMEVIL plans to secure further long-term business partnerships to solidify its position as a leading global publisher.

 

About GAMEVIL

GAMEVIL®, with over 330 million game downloads and experience publishing hundreds of games on multiple platforms, is one of the most active and innovative mobile game companies in the world. Established in 2000 and with offices in Los Angeles, Tokyo, Beijing and Seoul, GAMEVIL is an experienced global mobile game publisher working with more than 70 top studios around the world.

With deep industry and regional knowledge, GAMEVIL has been able to craft numerous award winners through a diverse portfolio of games. Backed by unparalleled expertise in mobile, GAMEVIL continues to lead the sector with a commitment in establishing mobile gaming as a way of life.

GAMEVIL is currently listed on the KOSDAQ Market (Ticker: 063080, Bloomberg: 063080:KS, Reuters: 063080.KQ)

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