domestic issuer and submit the FORM 10-K Annual Report to
the SEC. As a result, CCL has been eligible to file the 20-F for
Foreign Issuers since 1999. Any
statements which express or involve discussions with respect to
predictions , expectations, beliefs, plans, projections, objectives,
goals, assumptions or future events or performance are not statements
of historical fact, may be foreword looking statements.
exclusive licensing rights to distribute R.O.E.
Faith INC.kr

In the U.

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Business Editors

HAMILTON , Bermuda----CREATOR
CAPITAL LIMITED (OTCBB:CTORF) ("CCL" or the "Company") reports that,
it will revert back to filing the FORM 20-F Annual Report ("20-F")
with the United States Securities and Exchange Commission ("SEC"),
beginning with the 2004 Annual Report. Forward
looking statements are based upon expectations, estimate sand
projections at the time the statements are made, which involve a
number of risks and uncertainties which could cause actual results or
events to differ materially from those presently anticipated. R. It is expanding into new markets
in 21 countries including Japan, North America, Europe, the Asia Pacific
region, and South America.

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) relocated
its operations to Memphis, Tennessee.
Sky Play consists of interactive PC amusement games such as Mah Jong,
Solitaire and Chess. Under the agreement, Gravity granted Faith INC.E.

About Gravity Co.

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S. Online was developed by Trigger
Soft Corporation, a Korean game developer with nearly ten years of experience
in PC game development, in close coordination with Gravity's in-house game
development team.

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R.E Online, has been attracting the attention of Japanese users as the
second MMORPG to be published by Gravity, the producer of the Ragnarok online.

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Ltd.

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(http://www.

Forward -Looking Statements:
Certain statements in this press release include forward-looking
statements within the meaning of the U.

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Creator Capital Limited (OTC Bulletin Board:CTORF)


co .jp) is known for developing and commercializing
ringback tones for mobile phones in Japan.

This category is for sites, not pages, specializing in online sales of anything related to any Tile Games.

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With both "mind and management"
of the Company, along with greater than 50% of the total shares
residing in the United States, the Company made the decision to file
as a U.S.

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By way of background , CCL (then known as Sky Games International)
initially listed on the NASDAQ Small Cap as a foreign issuer filing
the 20-F in March 1995.

Gravity's R.O.S.E. Blooms in Japan

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In early 1999 , a change in the Management of the Company led to
relocation outside of the United States, and the percentage of shares
residing outside the United States grew to greater than 50% of the
outstanding ., Ltd.O. Online (Rush On Seven Episodes) is a three-dimensional, action
adventure, massively multiplayer online role playing game with seven
independent storylines.S. 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.com


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, introduced the in-flight interactive
gaming experience to international airline passengers as a method of
creating additional revenues for airlines in 1998. Sky Games consists of
interactive gaming, such as Blackjack (21), Draw Poker, and Slots. The Company's principal product ,
Ragnarok Online, is currently commercially offered in 20 markets. For more information visit http: //www.

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R.:
David Pasquale, EVP at The Ruth Group
Tel: +646-536-7006
dpasquale@theruthgroup .

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E.
Currently, the number of online game users in Japan is growing due to the
increased penetration of broadband network connections.faith.kr.

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, a Bermuda exempted company, along with
Harrah's Entertainment Inc.
(Nasdaq: GRVY), a leading developer and distributor of online games, today
reissued the following release inline with a Form 6-K filed with the
Securities and Exchange Commission on March 9, 2005 .
R.O.S. offers a variety of business
solutions including its PC contents business focused on online game music
service.
Tel: 82-2-516-5438(Ext 314)
ksseo3311@gravity.

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ON BEHALF OF THE BOARD OF DIRECTORS

Deborah Fortescue-Merrin, President

Safe Harbour statements under the Private Securities Litigation
Reform Act of 1995; - this release contains forward looking
statements within the meaning of Section 27A of the Securities Act of
1933, and Section 21B of the Securities Exchange Act of 1934. SEOUL, South Korea, Gravity Co. Of the seven episodes to be introduced for R.S.
Online, two episodes are currently available and the remaining five episodes
are expected to be added over time.O. The forward-looking
statements speak only as of the date of this release and the Company assumes
no duty to update them to reflect new, changing or unanticipated events or
circumstances.

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S.co.S.

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E Online in Japan.

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Currently, Faith INC.co.

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Creator Capital to File Form 20-F Annual Report

Private Securities Litigation Reform
Act of 1995.

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As a result of the "Amalgamations" of June
1997, CCL (then known as Interactive Entertainment Ltd.O. 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 the Company grows; and economic and political
conditions globally.

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S. Creator Capital's
two products are Sky Games and Sky Play.

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Based in Korea, Gravity is a leading developer and distributor of online
games in Japan, Taiwan, Thailand and Korea. Actual results may differ materially from those discussed
in, or implied by, the forward-looking statements.

CONTACTS:

In Korea:
Kwan Shik Seo, CFO
Gravity Co.

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O. 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 the merchandizing of character-related products based on
its online games.gravity. Ltd.

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About Creator Capital

Creator Capital Ltd.E Online , the second Massive Multiplayer Online Role-Playing Game
(MMORPG) to be published by Gravity, the producer of the Ragnarok online, will
now be available in Japan.S.

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