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ASIASOFT LAUNCHES MALAYSIAN SUBSIDIARY, AS ONLINE SDN BHD

BackDec 02, 2008

- Expansion to cater to growing Malaysian gaming community needs -

Kuala Lumpur, Malaysia - 2 December 2008 - Asiasoft Group, the online entertainment leader in Southeast Asia, announces the official launch of its Malaysian subsidiary, AS Online Sdn Bhd [Asiasoft Online (Malaysia)]. To commemorate the opening, Asiasoft Online (Malaysia) releases two online game services, RappelzSEA - a Massively-Multiplayer Online Role-Playing Games (MMORPG) and Sudden Attack - a Massively-Multiplayer Online, First Person Shooting Game (MMOG-FPS) for Southeast Asia.

Asiasoft Online (Malaysia) handles the operations for its online game services and distribution for PC games through local channels. The latest RappelzSEA and Sudden Attack game servers for Southeast Asia will be hosted in Malaysia's office with a dedicated sales and marketing team to conduct local product, services research and development. In addition, it will provide a full fledged customer service team to cater the needs of the gaming community.

"Today is a significant day for Asiasoft Group as we mark our presence in one of the fastest developing country in Southeast Asia - Malaysia," said Mr Sherman Tan, Chairman of Asiasoft Corporation Public Company Limited. "Asiasoft's choice of Malaysia as a location for its new subsidiary is influenced by the nation's vision in building infocomm as one of the key pillars of development and growth for the country to reach developed status by 2020".

He added, "With huge market potential for varieties of online games and educational institutes offering game development specific coursework and degrees, we are confident to achieve steady growth in Malaysia that will contribute to the overall success for the Group".

Asiasoft Corporation Public Company Limited, the holding company has been listed on the Stock Exchange of Thailand (SET: AS) as of end May 2008. And as of December 2008, the Group offers nineteen online games in four Southeast Asia countries with a total of more than 10 million registered users.

"The latest additions of RappelzSEA and Sudden Attack will surely contribute to overall success for our group in the near future," said Mr Keith Long, Country Manager of AS Online Sdn Bhd. "With the team in place and fully operational, we look forward to the challenges ahead to provide world-class service and many more titles to our gaming communities, especially in Malaysia."

Asiasoft Online (Malaysia) aims to launch six new titles by the end of year 2009.