SHANGHAI, Sep. 30, 2009 (PRNewswire-Asia-FirstCall) -- Giant Interactive Group Inc. (NYSE: GA) ("Giant" or "the Company"), a leading Chinese online game developer and operator, today announced that after a preliminary review of its third quarter 2009 performance, it expects third quarter 2009 revenue to be between RMB272.0 million and RMB291.0 million.
The voluntary cancellation during the third quarter 2009 of certain in- game monetization features such as our 'Treasure Box' items, in compliance with recent virtual currency regulations issued by the Ministry of Culture of the People's Republic of China, has had some financial impact on Giant's results. Despite current challenges, the Company believes its overall business and financial position remains fundamentally sound as there are four games scheduled for launch in the fourth quarter 2009, including King of Kings III, ZT Online Green Edition, XT Online, and The Golden Land.
As the Company is still finalizing the third quarter closing process, complete financial results are not yet available, but will be provided in the Company's third quarter results announcement preliminarily scheduled for release in the middle of November. Further details will be forthcoming.
Conference Call
Giant's senior management will host a conference call on Thursday, October 1, 2009 at 8:00 am (US Eastern Standard Time) / 5:00 am (US Pacific Standard Time) / 8:00 pm (Beijing Time) to discuss its preliminary third quarter 2009 financial results and recent business activity. The conference call may be accessed by calling +1 (866) 713 8566 (for callers in the US), +86 10 800 130 0399 (for callers in Southern China), +86 10 800 152 1490 (for callers in Northern China) or +1 (617) 597 5325 (for callers outside of the US and China) and entering pass code 99113362.
A recording of the conference call will be available through October 8, 2009, by calling +1 (888) 286 8010 (for callers in the US) or +1 (617) 801- 6888 (for callers outside the US) and entering pass code 51129521.
A live webcast of the conference call and replay will be available on the investor relations page of Giant Interactive Group's website at http://www.ga-me.com/earningsannouncements.php.
About Giant
Giant is a leading online game developer and operator in China in terms of market share according to iResearch Consulting Group, an independent Chinese research center, and focuses on massively multiplayer online role playing games. Currently, Giant operates multiple games, including ZT Online and Giant Online.
