GREE's Knights & Dragons Tops $5 Million in 30-Day Revenue- GREE and IUGO: One of the Industry's Most Successful Publishing Relationships -

San Francisco, CA - December 17, 2013 – GREE today announced that Knights & Dragons, a top-charting game developed by their San Francisco studio in collaboration with Vancouver-based developer IUGO Mobile Entertainment Inc., has recorded more than $5 million of revenue in a 30-day period. GREE and IUGO now represent one of the most successful publishing relationships in mobile gaming.

“Hitting the $5M in 30 days mark was a goal we set for ourselves back in July and we committed to tremendous growth for Knights & Dragons. Clearly, the teams’ hard work and effort has been successful. Our relationship with IUGO, a leader in building high-quality mobile games, is a great illustration of how publishing can work and is a template for future partnerships,” said Naoki Aoyagi, CEO of GREE International, Inc. “A core part of GREE’s strategy is developing strong publishing partnerships with some of the industry’s top development talent and we aim to keep building more hugely successful relationships like this one.”

"We are very excited to see Knights & Dragons hit this $5M milestone. Between that revenue number and the recent Google award, we are confident that we are delivering the game players are looking for. Our goal is to continue to do so both with this game and in the future," said Hong-Yee Wong, CEO of IUGO Mobile Entertainment. "The success of our partnership with GREE comes from both parties offering close and regular communication and a willingness to learn and share with each other. It is a foundation that needs to be built to ensure the publishing relationship works. Knights & Dragons is proof of how far the right game can go with the right teams behind it."

In July 2013, GREE announced that Knights & Dragons, had surpassed $1 million in monthly revenue. Since then, GREE has continued to collaborate with IUGO to add new features, content and ongoing in-game events as well as to track key metrics to continually improve game experience, retention and monetization. The refinement of Knights & Dragons as an RPG has won it a loyal following of players, earning positive reviews, high chart rankings and firm growth in month-on-month revenue. As further evidence of the game’s compelling play, Knights & Dragons recently won the “I Can’t Quit You” award in Google’s first ever Players’ Choice poll.

For more information on Knights & Dragons, visit the game’s Facebook page.

Screenshots of Knights & Dragons

Knights & Dragons Movie

About IUGO Mobile Entertainment, Inc.

Founded in 2003, IUGO is an innovative studio focused on creating premium game experiences on mobile devices. The passionate team is a perfect balance of inspired game creators and strong technology experts. In parallel with creating great games, IUGO has invested significant efforts into developing a suite of robust and high performance mobile-specific technologies. This has given the studio an edge to deliver superior products that look and play better. IUGO has earned a solid reputation for delivering recognized AAA titles for major global publishers as well as achieving success with its own self-published original games.

About GREE, Inc.

GREE is a global mobile social company with businesses that include social gaming, social media, advertising, licensing and merchandising, and venture capital. Established in December 2004, GREE created the world's first mobile social game in 2007 and today is a global leader in free-to-play, reaching audiences around the world with its portfolio of first-party and partner titles. GREE has studios in Tokyo, San Francisco, Vancouver, and Seoul, and is listed on the Tokyo Stock Exchange (3632).

GREE and the GREE logo are trademarks or registered trademarks of GREE, Inc. in Japan and/or other countries. All other trademarks are the property of their respective owners.

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