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SMALL BUSINESS
Far Vista Interactive Corporation Signs NDA with Giant Interactive Group in China
Business Wire
Far Vista Interactive (OTCBB:FVSTA), a leading game company in
Saskatchewan, today announced that Giant Interactive Group has signed a
non-disclosure agreement and has begun play testing
Far Vista
Tournament: Run the Gauntlet at its Shanghai facilities.
Giant Interactive Group is looking for a First Person Shooter to round
out its game portfolio. Far Vista Interactive is a maker of unique First
Person Shooters. Far Vista Interactive hopes to enter further business
relationships with Giant Interactive Group which could also include
licensing
Far Vista Tournament: Run the Gauntlet.
“Giant Interactive Group is a mature Chinese company that has a
significant exposure in a niche market that fits beautifully with our
needs,” commented Bruce Hoggard, Senior Executive VP Marketing and
International Development.
Giant Interactive Group (NYSE:GA) is a leading developer and operator of
massively multiplayer online (MMO) games for the growing online gaming
community in China. The company’s high quality MMO game under a
free-to-play model is tailored to China’s core game audience between the
ages of 18 and 40. The company currently trades on the New York Stock
Exchange.
Far Vista Interactive Corporation (OTCBB:FVSTA) is a dynamic online
entertainment company in Canada. The company plans to move from just
offline PC games into the more unique and appealing online tournament
version. This approach allows Far Vista Interactive Corporation to
capture traditional game market sales while positioning it to reap the
profits from online play as well. Far Vista Interactive Corporation’s
first tournament game to hit the market will be
Far Vista Tournament:
Run the Gauntlet. This genre changing game will be made available on
the personal computer, XBOX360 and PS3.
Far Vista Tournament: Run the
Gauntlet innovation and uniqueness positions Far Vista Interactive
Corporation to capitalize and reap the benefits of future explosive and
staggering market growth.
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 10-K. 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 |
Copyright Business Wire 2009
2009-10-28 08:00:00
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