GamersGate : GamersGate Expands its Business to China

New York, USA (October 9th, 2008) Paynova and Beijing Cyber Recreation District (CRD) will open the Chinese online market for Gamersgate during the fourth quarter 2008. The companies have agreed on a pilot implementation of Gamersgate Chinese Online shop for selected games. Paynova and CRD will use its developed Chinese market platform to deliver a payments service that reaches over 97% of the Chinese online payers, and opens up for western merchants to enter the huge Chinese e-commerce market. Paynova, CRD and Gamersgate have agreed on a pilot implementation of Gamersgate Chinese

Online outlet for its selected products. Under the agreement Paynova will use its newly developed capabilities within the Chinese financial infrastructure together with its local Chinese partner CRD and others. Paynova’s payments service, that reaches more than 97% of the online payers in China, will start operations during the fourth quarter 2008. The goal with the cooperation is to get everything to work effectively and fine-tune the sales and delivery administration processes for a successive wider product range with following sales ramp up.

"We are delighted that Gamersgate has confidence in Paynova and decided to expand operations with us beyond the current European and American payments. It will be an exciting pilot implementation for CRD and Paynova and a great opportunity for Gamersgate to power up their new Chinese online shop ", says Björn Wahlgren, CEO of Paynova.

"We increasingly view Asia and the Chinese market as Key for Gamersgate in the long run and it is important for us to get it right from the beginning. This widened operational cooperation with Paynova is a natural development and we will continue to connect Paynova for more online business areas where secure, fast and easy payment transactions are required", says Theodore Bergquist, CEO Gamersgate.