Ragnarok And Gunz Now On Indiagames Games On Demand

Mumbai, December 17, 2007: Indiagames Ltd, India's benchmark online and mobile games company announced its partnership with Level Up - a leading massively multiplayer online role playing game's company (MMORPG) to launch two of its popular game titles - Ragnarok and Gunz on its online PC gaming service - Games on Demand (GoD).

MMORPG has been a rage amongst gamers worldwide and allows thousands of players to play in an evolving virtual world at the same time over the Internet.

Ragnarok or RO as it is popularly referred to, is a popular MMORPG game based on Norse mythology, with its style influenced by various Asian cultures as well. It boasts an estimated 25 million online players worldwide, making it larger than World of Warcraft. Ragnarok was amongst the earlier MMORPG's launched in India and has an established user base.

Gunz is an online multi-player third-person shooting game that allows players to perform exaggerated, gravity defying action moves including wall running, flipping, tumbling, blocking bullets with swords in the style of action movies and anime

Speaking on this tie-up, Vishal Gondal, CEO, Indiagames said, "The number of role playing games on our Games on Demand service has been growing as they have all been well received by our subscribers, who can look forward to many more in the future. The GoD service will now make Ragnarok and Gunz available to a whole new audience across India as well as enhance the gaming experience, incentivize players and offer a source of revenue for the publishers".

"The Indian gaming industry is at the beginning of a growth cycle with a number of new entrants and positive infrastructure trends. Indiagames GOD offers us a platform to widen our reach to audiences across India especially in the home market and in smaller towns. Ragnarok and Gunz are the two most popular Multiplayer online games in India and we are looking forward to further their franchise through this partnership with Indiagames GOD" says Venkat Mallik, MD, Level Up! India.

The Games on Demand service is an online monthly subscription based gaming service that offers a catalogue of over 300 games across multiple genres catering to gamers of all skill sets. The other titles on the catalogue include leading international titles like Age of Empires II, Brian Lara's Cricket, the Lara Croft Tomb Raider series and Hitman amongst others. Indiagames has exclusive distribution agreements with leading international publishers like Atari, Activision, Codemaster, Microsoft, Cenaga, Eidos, Enlight, Hipsoft, Magnasoft and Oberon amongst others.

ABOUT INDIAGAMES LTD

Indiagames Ltd is India's benchmark mobile and online games company and a leading global mobile game publisher. The Company is engaged in publishing and developing games across various platforms including Online and Mobile. Indiagames' products are developed and published across all major technology platforms and are distributed through partnerships with mobile operators in over 75 countries.

In India, the Company also distributes games via its consumer focused website and operates a broadband Games on Demand service located at http://www.indiagames.com. Indiagames has over 300 employees and offices in Mumbai, London, Los Angeles & Beijing. Internationally the company publishes mobile titles via its IG FUN brand. Key investors include UTV - India's foremost Media & Entertainment Company, Adobe Inc. and Cisco Systems Inc.

Indiagames, IG FUN and Beat This are trademarks of Indiagames Ltd.

ABOUT LEVEL UP

Level Up! is a major international game publishing company in the Multiplayer online gaming space (MMOG / MOGs). Level Up!, is the pioneer and leader in Multiplayer online gaming in Philippines, Brazil and India.

Some of the games that Level Up! International publishes include Ragnarok, Gunz Online, Perfect World, Pangya, Freestyle, etc.

In India, Level Up! is the leader in the multiplayer online game space and markets Ragnarok, Gunz Online, Power Football, Oz World. Plans are afoot to get into other content genres as well.

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For more information please contact:

Suhail Baghdadi, Indiagames Ltd,

Phone: +91 98671 93667, e-mail: suhail@indiagames.com

Rajiv Shankar, Equator Communications,

Phone: +91 9880 893 823, e-mail: rajiv@equatorpr.com