- The cinema audience (demographic make-up, frequency)
- Films (local production, top films)
- Distribution (releases, market shares)
- Cinemas (number, number of screens, multiplexes)
- Digital cinema (take-up, uses and applications)
- City and regional data (screens, admissions, box office)
- Admissions, cinema revenues and costs (five-year model of industry
revenues and major cost items)
- Profiles of major exhibitors
- Five year forecasts of screens, admissions and box office

Companies Mentioned:

Globus Group
IT International Theatres
Lev Cinemas
New Lineo Cinemas
United King Films
Gil Productions
Ster-Kinekor
Nu Metro
CineCentre
CinemaStarz
The Labia
AFM Sinemalari
Tuze Group
Ozen Film
CineCity Cinemas
Prestige Cinemas
Transturk Cineplex
Gulf Film LLC/Grand Cinemas
CineStar
Ster Century Middle East

For more information visit
http://www.
(Nasdaq: GRVY), a leading developer and distributor of online games, today
announced the launch of its hugely popular Massively Multiplayer Online Role-
Playing Game (MMORPG) Ragnarok Online into 14 new countries, making Ragnarok
Online, which is believed to be the first Massively Multiplayer Online Role-
Playing Game ever serviced in all six continents. The forward-looking statements
speak only as of the date of this release and Gravity assumes no duty to
update them to reflect new, changing or unanticipated events or circumstances.

iraq asia

Gravity's Ragnarok Online Now in 37 Countries Worldwide

Ragnarok Online Becomes First Massively Multiplayer Online Role-Playing Game
(MMORPG) Ever Serviced in All Six Continents

SEOUL, South Korea, GRAVITY Co.

indonesia east

, Ltd. We have proven time and again that we are able to match
our excellent online gaming content , global marketing expertise and technical
resources with top distribution companies on a region-by -region basis to
create a compelling and synergistic force.

italy top

The Company's principal product, Ragnarok Online, is
currently commercially offered in 20 markets. All forward-looking statements involve risks
and uncertainties, including, but not limited to, the ability to diversify
revenue, ability to collect license fees and royalty payments from overseas
licensees and in a timely manner; ability to acquire, develop, license,
launch, market or operate commercially successful online games; competition
from companies that have greater financial resources; introduction of new
products into the marketplace by competitors; the ability to recruit and
retain quality employees as Gravity grows; and economic and political
conditions globally.:
Kwan Shik Seo, CFO David Pasquale, EVP
Gravity Co.

top ireland

c iceland

DUBLIN, Ireland, Research and Markets
(http://www.
Cinemagoing and Moviegoing reports offer comprehensive data and analysis
on major and emerging cinema markets worldwide .

israel ivoire

Depending on the size of the
market and data availability, each country profile aims to cover the whole
range of relevant topics.
Under the agreement, Gravity granted Sento Enterprises Limited exclusive
licensing rights to distribute Ragnarok Online in the Arab Emirates, Saudi
Arabia, Kuwait , Qatar, Bahrain, Oman, Yemen, Iraq, Syria, Egypt, Iran, Israel,
Lebanon, and Jordan. Gravity also offers a number of
mobile games, which are played using mobile phones and other mobile devices,
participates in the production of a televised animation series, and licenses
merchandizing of character-related products based on its online games.

israel europe

With Ragnarok Online now in 37
countries globally, the title is clearly established as one of the world's
most dominant games.

regional ivory

Research and Markets: Opportunities and Problems Abound in Developing Cinema Markets of the Africa Middle East Region

Ragnarok Online is now
serviced in total of 37 countries globally. We are confident that our flagship title, Ragnarok Online, will
build a strong following as it has already worldwide.S. The Ruth Group
Tel: 82-2-516-5438(Ext.

europe ivory

com
Fax: +353 1 4100 980

We believe this is the
first online game ever serviced in the Middle East and Africa, becoming the
only online game serviced in all six continents, and we fully intend to make
it a winner.

regional ivoire

kr .

Forward-Looking Statements:
Certain statements in this press release include forward-looking
statements within the meaning of the U. Private Securities Litigation Reform
Act of Forward-looking statements generally can be identified by the use of
forward-looking terminology, such as "may," "will," "expect," "intend,"
"estimate," "anticipate," "believe," "project" or "continue" or the negative
thereof or other similar words.

top man

"

About GRAVITY Co.

iran israel

Sento is one of the largest distribution companies in
the Middle East, with well-established channels covering the Middle East and
North Africa.

iraq iran

com /reports/c17119) has announced the addition
of Cinemagoing Africa Middle East to their offering
(Logo: http://www.

ivory c

CONTACTS:
In Korea: In the U.

iran israel

This third edition of our regional report
documents the four largest of these extraordinarily dynamic markets in detail,
analysing the latest developments and offering credible forecasts of the next
step for these countries.com/reports/c17119

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets., Ltd. 314) Tel: +646-536-7006
dpasquale@theruthgroup .

middle africa

newscom."
"We are excited about the Middle East market opportunity given the rapid
increase of young game users and because the high-speed bandwidth already that
gamers require, especially in the Arab Emirates, Saudi Arabia, Israel and
Bahrain.gravity. Actual results may differ materially from those discussed
in, or implied by, forward-looking statements.

ireland iceland

com/cgi-bin/prnh/20040820/RESEARCH )
Opportunities and problems alike abound in the developing cinema markets
of the Africa Middle East region.
Cinemagoing Africa Middle East covers the cinema markets of Israel, South
Africa , Turkey and the United Arab Emirates.
David Woong-Jin Yoon, Chief Executive Officer of Gravity , stated, "This is
another impressive milestone for Gravity.S.

italy ireland

Ltd.

man israel

For
more information visit http://www.com

ivory east

researchandmarkets.
Based in Korea, Gravity is a leading developer and distributor of online
games worldwide.

middle i

coast iran

researchandmarkets.co.

africa te

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