Seoul, Korea (April 27, 2005) -- Hellgate: London™, a cutting-edge role-playing game, has been revealed and is attracting worldwide attention.

"Hellgate: London will create new genre which has the greatest assets of both Online games and PC package games," said Alex Kim, chief executive officer of HanbitSoft. "It is very exciting to finally reveal Hellgate: London to the public. I truly believe that Hellgate: London will be the biggest success in the Asian market. Flagship Studios is a company built by the developers who worked on both Diablo and StarCraft. They know Asian gamers' tastes more than anybody. HanbitSoft, of course, will provide the best marketing and managing for Hellgate: London."

"Hellgate: London is a dream project for all of us here at Flagship Studios." said Bill Roper, chief executive officer of Flagship Studios. "We are working closely with our longtime friends at HanbitSoft to bring our first game out in Asia. We are dedicated to providing a fantastic play experience to such a passionate gaming community and look forward to continuing our tradition of setting new standards in quality and playability."

Hellgate: London is a new perspective on RPGs, combining the depth and customizability of Role-Playing games with the immersive excitement of first-person games. Its play is fast-paced without relying upon lightning-fast reflexes to achieve a high level of success or enjoyment.

With dynamically generated levels, massive quantities of randomly created items, chance events and story driven quests, no two gaming experiences are ever the same. Differing levels of rarity and modification potential across items and skills means that every game played is a unique event.

While Hellgate: London stands on its own as a single player game, it also provides a compelling cooperative multiplayer experience through our dedicated online gaming destination. By creating unique and individualized game play "instances" within a vast online community, gamers get all of the best parts of traditional massive multiplayer games without the common downsides.

Players create a hero and then battle through innumerable hordes of demons while completing quests and advancing through experience levels and branching skill paths. A robust, flexible skill and spell system, highly-customizable items, and a massive variety of randomly generated equipment allow players to create a character that is truly unique.

The Hellgate: London teaser cinematic will be shown and the game will be available to play at E3 2005 which is the biggest worldwide game show.

About Flagship Studios
Flagship Studios is a creator of innovative entertainment software, designing games that focus on ease of play, replayablility and fun. The studio was formed in 2003 by former executives and developers from Blizzard North ® and represents the creators of the worldwide, best-selling Diablo® franchise. With members that are renowned within the gaming industry, Flagship Studios embodies a team that has worked together for over a decade and have numerous #1-selling games and multiple Game of the Year awards to their credit.

About HanbitSoft Inc.
HanbitSoft was established in 1999 and its focus is on vastly increasing the online game industry. Currently, four competitive online game titles have been introduced to global gamers all over the world, and five more potential hits are on the way. In the meantime, HanbitSoft is continuously investing in prominent games under development in an effort to leverage the game industry in general, which includes: developing MMOGs through in-house studios, investing in potential Korean and overseas studios such as IMC Games, Flagship Studios, Auran Studio and Studio Mars. And, as a global publisher, publishing various genres of MMOGs such as: Granado Espada, Neo Steam, Neo Baseball, Hellgate: London, Guardians Online, Tantra, PangYa, Survival Project and WYD. HanbitSoft is moving forward to become a leading globabl entertainment corporation with distinguished publishing and marketing capabilities.