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Ice Age is coming Online! Q3 2009!

GRAVITY and FOX Licensing & Merchandising Enter into Exclusive Licensing Agreement for Ice Age Online

ice age 2

SEOUL, Jan. 14, 2008 (PRIME NEWSWIRE) -- GRAVITY, Co., Ltd. announced today that it has entered into a licensing agreement with 20th Century FOX Licensing & Merchandising for an exclusive seven-year worldwide right to develop and publish "Ice Age Online, an online game based on FOX's "Ice Age motion picture franchise. The game will include elements from both blockbuster films -- "Ice Age and "Ice Age: The Meltdown.

"We are thrilled to be embarking on this Ice Age project, commented Mr. Il-Young Ryu, the Chairman and Chief Executive Officer of GRAVITY. "FOX is one of the world's most renowned entertainment companies and we're excited to develop an online game based on one of its leading intellectual properties. It is our aim to produce a great online game that will meet the expectations of all game users and 'Ice Age' fans throughout the world. In addition, Gravity has been pursuing detailed discussions with FOX to publish additional online game titles in the future.

Elie Dekel, Executive Vice President of Licensing and Merchandising for 20th Century FOX Licensing & Merchandising added, "It's important for us to have a committed online presence for the Ice Age brand. This agreement will ensure that a top-notch Ice Age gaming experience will be available to fans online for years to come.

"Ice Age Online is expected to be released in the third quarter of 2009.

About GRAVITY Co., Ltd.

Based in Korea, Gravity is a developer and distributor of online games. Gravity's principal product, Ragnarok Online(TM), is a popular online game in many markets, including Japan, Taiwan and Thailand, and is currently commercially offered in 22 markets. For more information, please visit http://www.gravity.co.kr.

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