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GAMEVIL announces equity investments into start-up venture, Relax Games

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1:25 pm
August 30, 2013


Philip Federico

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posts 8985

Press Release: GAMEVIL announces equity investments into start-up venture, Relax Games

 

LOS ANGELES, CA- August 29, 2013- GAMEVIL announced today that it has made equity investments into start-up venture, Relax Games. The news comes shortly after GAMEVIL’s declaration to pursue aggressive investments into companies, projects, and talent acquisitions as part of its global expansion efforts.

 

Relax Games boasts a talented team including former CEO of famous online game “Rohan”, Il Seung Lee, and the developers of NCSOFT’s “Blade & Soul” and “Lineage II”. GAMEVIL has invested in the start-up venture as part of its publishing contract. 

 

Most notably, Relax Games marks the first participant in GAMEVIL’s promising new start-up support program, “Companion”. Through "Companion", GAMEVIL plans to invest in various start-ups around the world and expand its "GAMEVIL Circle".

 

“Participating in GAMEVIL’s start-up support program has instilled confidence through its strong development and publishing know-how,” stated Il Seung Lee, CEO of Relax Games. “The investment will not only strengthen the quality of our games, but provide a good measure on how developers and publishers can collaborate together."

 

Their first project, a social-network strategy game, is scheduled to launch later this year, equipped with live production and services.

 

About GAMEVIL

 

GAMEVIL®, with over 300 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)

 

Follow the Twitter feeds at http://www.twitter.com/gamevil and Facebook Pages at http://www.facebook.com/gamevil

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