CHANGZHOU, China, Nov. 22, 2010 /PRNewswire-Asia-FirstCall/ --
China Architectural Engineering, Inc. (Nasdaq: CAEI or the
Company), a self-developer of online games and a provider of
high-end building envelope architectural systems, today announced
that its subsidiary Shanghai ConnGame Network Ltd. ("ConnGame"),
has successfully completed the fourth closed beta testing ("CB4")
of its first massive multi-player online role-playing game
("MMORPG") "Warring State".
From November 5, 2010 to
November 8, 2010, thousands of top
players and industry experts participated in CB4, providing
professional feedback and valuable user experience suggestions, as
they comprehensively tested the game for the first time through the
public internet network access. Meanwhile, the Company
collected and analyzed critical servers and clients' data to stress
test load stability and support for future large scale open testing
and commercialization. Prior to CB4, the Company had
conducted other internal closed beta tests that provided a solid
foundation for CB4, the final test before opening to public
users.
Mr. Alan Leung, Chief Executive
Officer of China Architectural Engineering, commented, "We are very
excited with the successful completion of CB4 for "Warring State",
marking another step towards eventual commercialization. We are
highly appreciative of the enthusiastic participation by many of
the industry experts and their insightful critiques and
suggestions. We are thrilled to be receiving extensive and
positive media coverage, including popular gaming Websites such as
17173, Tencent, Netease, 52pk, among China's other dedicated gaming websites, in
anticipation of the eventual public release of "Warring State".
I'm most proud of the fantastic user's comments posted in
local media, as exemplified by the following excerpts:
- In 'Warring State', one can indeed touch history that took
place a few thousand years ago(1)
- 'Warring State' has a wealth of realistic outdoor scenes, and
the stunning visual effects offer an immersive and spectacular game
experience;(2)
- Amongst the many online games in the market, 'Warring State' is
in no shortage of bright spots: different instances, vivid and
interesting tasks;(3)
- As a close beta, "Warring State" has sparked the interests of
the PRC game players.(4)"
Mr. Leung continued, "'Warring State' is currently in its final
adjustment and modification phase. We are preparing related
sales and marketing activities for the eventual public launch in
China, and are also initiating its
overseas authorization process. Based on the successful completion
of CB4, we are confident that 'Warring State' is in the process of
preparing for an eventual commercial launch in a near future."
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(1) 2010/11/5. Web
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http://news.17173.com/content/2010-11-05/20101105112853390,1.shtml.
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(2) 2010/11/10. Web
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http://games.qq.com/a/20101110/000007.htm#p=1.
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(3) 2010/11/10.
Web
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http://game.163.com/10/1110/11/6L4HPT8J00314J6C.html.
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(4) 2010/11/15.
Web
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http://xin.52pk.com/list/201011/1171034.shtml.
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About China Architectural Engineering
China Architectural Engineering, Inc. is a self-developer of
online games and provider of high-end building envelope
architectural systems. Through its subsidiary, Shanghai ConnGame
Network, the Company leverages its innovative game engines,
scalable development platforms, and accomplished production teams
to develop and operate MMORPGs. The first game "Warring State"
focuses on China's historic themes
and the second game "Revolution" focuses at Western fantasy style.
The Company also provides design, engineering, fabrication and
installation services of high-end curtain wall systems, roofing
systems, steel construction systems, and eco-energy systems.
Forward-Looking Statements
In addition to historical information, the statements set forth
above may include forward-looking statements that may involve risk
and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Actual
results could differ materially from the expectations contained in
forward-looking statements as a result of risks and uncertainties,
including, but not limited to, difficulties related to integration
and management of the combined operations of the Company of the
company and ConnGame; entrance into the highly competitive MMORPG
online game industry and difficulties in developing, testing and
launching games; the Company's ability to integrate the management,
personnel and operations of the Company and ConnGame; required
Company payments under the waiver agreement and ability to maintain
the conditions of the bondholder waiver and dilution from the
potential adjustment to the conversion price of the bonds for
non-compliance with the waiver; the Company's ability to accurately
estimate and control contract costs and timelines; the Company's
ability to timely complete and meet performance standards;
identification and remediation of the Company's deficiencies and
weaknesses in its internal controls over financial reporting,
potential claims or litigation that may result from the occurrence
of restatements, ability to identify and secure debt, equity,
and/or other financing required to continue the operations of the
Company; reduction or reversal of the Company's recorded revenue or
profits due to "percentage of completion" method of accounting and
expenses; increasing provisions for bad debt related to the
Company's accounts receivable; fluctuation and unpredictability of
costs related to our products and services; adverse capital and
credit market conditions; expenses and costs associated with its
convertible bonds, regulatory approval requirements and competitive
conditions; and various other matters, many of which are beyond our
control. These and other factors that may result in differences are
discussed in greater detail in the Company's reports and other
filings with the Securities and Exchange Commission.
For more
information, please contact:
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Investor
Contact:
Email:
ir.caeinc@gmail.com
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SOURCE China Architectural Engineering, Inc.