NCSoft Purchases ArenaNet

ArenaNet Joins NCsoft 12 December 2002 ArenaNet is pleased to announce a major change in our corporate structure. On 12 December 2002, at the Kamex Trade Show in Seoul, Korea, it was [announced] that we have become a wholly-owned subsidiary of NCsoft, the world leader in Internet gaming. With this transaction, ArenaNet allies with an industry leader who shares our goal to pioneer Internet Publishing by making the best possible games and offering them directly to the consumer via the Internet. Established in 1997, NCsoft has in recent years become the world's leading on-line game software company. With more than 4 million subscribers to their blockbuster title, Lineage, they hold a 47% market share and attract the greatest number of concurrent users of any game in the world. You can learn more about the company on [this link]. With the nature of this transaction, very little will change as far as ArenaNet business is concerned. We will still have the same [team] and progress on the game currently under development will continue, although now at an increased pace as we move towards announcement, beta testing, and then release. As part of the NCsoft corporate family, we have confidence in a bright future for both ArenaNet and our parent company.