Far Vista Interactive Corporation Enters in to Discussions with Shanghai's Shanda Interactive Entertainment

October 8, 2009 8:30 AM EDT

SASKATOON, Saskatchewan--(BUSINESS WIRE)-- Far Vista Interactive, a leading game company in Saskatchewan, today announced that Shanda Interactive Entertainment has agreed to discuss the licensing and distribution of Gauntlet for the Chinese market.

Shanda (NASDAQ: SNDA), also listed on the NASDAQ, is a leading interactive entertainment media company in China with more than 800 million registered accounts and has invested more than US$40 million in approximately 30 online games. Meetings have been held with Diana Li, Corporate Vice President and Frank Wu, Business Development Manager in Shanghai.

According to Bruce Hoggard, Far Vista Interactive's Senior Executive VP Marketing and International Development, "The discussions and review of the Far Vista Tournament: Run the Gauntlet could prove to be a pivotal point in Far Vista Interactive's strategy to make it available to game players in China."

"The Chinese interactive game market is continuing to develop in leaps and bounds," added Bruce Hoggard, "and it is culturally important to begin developing relationships that can provide the basis from which to enter and be competitive in the market. Bruce further added, "I remain confident that our approach will provide Far Vista Interactive with a sustainable strategy in China."

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements in this announcement that are not historical facts represent only the Company's current expectations, assumptions, estimates and projections and are forward-looking statements. These forward-looking statements involve various risks and uncertainties. Important risks and uncertainties that could cause the Company's actual results to be materially different from expectations include but are not limited to the risks set forth in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

On behalf of the Board of Directors,

Richard Buckley

President & Director

Contact Tel: 306-230-3288

    Source: Far Vista Interactive

Related Categories

Press Releases

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?