NetDragon's Promethean Acquires Explain Everything to Drive Transformational Collaboration and Learning Experiences

- NetDragon Websoft Holdings Limited ("NetDragon" or "the Company", Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that its subsidiary, Promethean, a leading global education technology company, has acquired substantially all of the assets of Explain Everything, a leading digital whiteboard platform for creating engaging lessons, activities, and interactive presentations. Through the strategic acquisition, Promethean is expected to add to its product portfolio a revenue-generating application tool that addresses one of the most common use cases of its customers. This acquisition will also  support the development of new and better solutions that would address teaching, learning, and collaboration needs, and ultimately enable the scaling of future software subscription revenue stream.

NetDragon Websoft Holdings Limited Logo (PRNewsfoto/NetDragon Websoft Holdings Limi)

The Explain Everything app, available on all mobile platforms, provides users with an infinite canvas to draw, animate, create videos, and collaborate. With the new acquisition, Promethean will merge the existing Explain Everything team and platform into its standing operations and portfolio. The integration of Explain Everything's digital whiteboard platform and operating team will allow both companies to build upon their respective visions in edtech and beyond, helping customers to get the most from cutting-edge technologies through new product offerings, alliances, and partnerships.

"As technology evolves, Promethean continues to look to the future to provide the best solutions that would transform learning experiences. Joining the Explain Everything team with ours is part of our commitment to continuously innovate and work towards providing a superior interactive experience from anywhere," said Vin Riera , chief executive officer at Promethean. "This exciting opportunity and new relationship for both companies will allow us to expand our already robust offerings to better serve customers' needs."

"We're thrilled to now be part of the Promethean team," said Reshan Richards , co-founder and chief executive officer at Explain Everything. "Explain Everything's mission to impact teaching and learning in all settings is in perfect alignment with Promethean's more than 25 years of education technology leadership. Together, we will continue to provide the most effective interactive learning tools for students and teachers around the wor ld."

A bout NetDragon Websoft Holdings Limited

NetDragon Websoft Holdings Limited (HKSE: 0777) is a global leader in building internet communities with a long track record of developing and scaling multiple internet and mobile platforms that impact hundreds of millions of users, including previous establishments of China's first online gaming portal,, and China's most influential smartphone app store platform, 91 Wireless.

Established in 1999, NetDragon is one of the most reputable and well-known online game developers in China with a history of successful game titles including Eudemons Online , Heroes Evolved , Conquer Online and Under Oath . In recent years, NetDragon has also started to scale its online education business on the back of management's vision to create the largest global online learning community, and to bring best-in-class blended learning solutions to every school around the world.

About Promethean

Promethean is a leading education technology company working to transform the way the world learns and collaborates. From our founding in Blackburn, England , almost 25 years ago to our global operations in 22 countries today, we've continued to explore, innovate, and inspire —designing learning and collaboration tools that are built for breakthroughs. Our award-winning interactive display, ActivPanel, and lesson delivery software, ActivInspire and ClassFlow, were designed to engage students, connect colleagues, and bring out the brilliance in everyone. With headquarters in Seattle, Washington , and offices worldwide, Promethean is a subsidiary of the NetDragon Websoft Holdings Limited (HKSE: 0777).

About Explain Everything

Explain Everything is a leading whiteboard platform designed to help teachers and students create and complete engaging lessons and assignments, video capture, and collaborate. With over 20 million downloads of its native applications worldwide, the software continues to be one of the top educational tools on both Apple and Google platforms and was recognized as one of the Apple App Store's Best of 2020 for Leading the Classroom.

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SOURCE NetDragon Websoft Holdings Limited

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East Side Games

The Office: Somehow We Manage Mobile Game Available Now

East Side Games Group (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company "), Canada's leading free-to-play mobile game group, in collaboration with Universal Games and Digital Platforms, announced today the worldwide launch of The Office: Somehow We Manage on iOS and Android. The free-to-play idle game is inspired by NBC's critically acclaimed, Emmy® Award-winning U.S. version of The Office which is now streaming exclusively on Peacock.

Watch the launch trailer here .

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Zordix Launches Maximum Entertainment and Presents Roadmap For 2023 and Beyond

Zordix AB (publ) (Nasdaq: ZORDIX B) today launches Maximum Entertainment as a strategically realigned global entertainment company with differentiated inhouse publishers and a newly restructured development division, Modus Studios. With the news, Maximum Entertainment revealed its current lineup of games that demonstrates the company's new strategy to increase its creation of owned IP while continuing to release compelling content with external partners. Maximum Entertainment is in the process of acquiring the assets of Romanian game studio FUN Labs to further increase the development talent within Modus Studios.

Maximum Entertainment CEO Christina Seelye announced the new corporate structure on the heels of securing a $30 million USD credit facility yesterday, presenting the company's new identity and roadmap of upcoming releases rich in variety and distinct playstyles. The exciting roster offers looks at highly anticipated games such as Maximum Football , Smalland: Survive the Wilds , and Bramble: The Mountain King , appealing to a wide range of players:

The roadmap announcements include:

  • Maximum Football will launch this year as a free-to-play, live service game
  • Smalland: Survive the Wilds launches into early access on March 29, 2023
  • New IP from Modus Studios titled Big Truck Country: Mudfest
  • New game announcement of Morbid: The Lords of Ire
  • Bramble: The Mountain King will release on April 27, 2023
  • Teaser of new unnamed own IP "Project Velos " in collaboration with bestselling author, Brandon Tyler Webb
  • Brand new gameplay footage of zombie shooter Projekt Z

Maximum Entertainment seeks to increase IP ownership to 30 percent of revenue by 2025 and includes expanding the reach of its transmedia entertainment. The realignment includes creating cross functional teams across the whole group such as finance, data and business intelligence, creative services, QA and porting. Yesterday's appointment of Thierry Bonnefoi as interim CFO will provide the operational experience and stability to lead this next phase of growth. All of these factors will greatly enhance efficiencies as the company is laser focused on key areas of growth for 2023 and beyond.

"The new Maximum Entertainment structure will reduce risk to the overall organization and provide a new focus on developing our own intellectual property and franchises. The new strategy improves our ability to cover the full value chain of video games across development, publishing, transmedia, sales, and operations. With a mission to deliver magic to the gamer in everyone, we are poised to become the global leader in double-A to triple-I video games," said Christina Seelye , CEO of the newly launched Maximum Entertainment.

The strategic positioning in the double-A and triple-I sector sets Maximum Entertainment apart from the competition with clearly defined markets in growth areas. This allows its publishing labels and development studios operational and creative freedom while pairing games and partners with teams suited to their talent and experience. In turn, this formula empowers creators to deliver the most engaging, high-quality games.

The company currently has over 100 games in its content pipeline planned across PC and consoles, including 15 of its own IP. The overall portfolio will emphasize specific genres of game development including competitive fighting, sports, shooters, and action/adventure with focus on live service and strategic global transmedia opportunities. View a brief roadmap trailer for 2023 and beyond:

"The addition of the FUN Labs team to Modus Studios and Maximum Entertainment is expected to finalize in the coming weeks and is fully aligned with our strategy of increasing internal studio capability to meet our goal of 30 percent of the revenue generated by our own IP by 2025," concludes Seelye.

Modus Studios Bucharest is located in Bucharest, Romania , and the FUN Labs team has a longstanding relationship with Maximum Entertainment. The 40 developers are specialized in multi-platform development for consoles and PC, utilizing the latest Unreal Engine technology. The rationale behind the addition is to secure and develop the roadmap by adding highly talented developers and studio capacity in a scalable talent-dense region.

All studios, which include Invictus, Dimfrost, Mane6, Modus Studios Brazil and Modus Studios Bucharest, will be led by Global Studio Director, Bruce Hayles and will fall under the realigned Modus Studios brand. Publishing labels, which include Maximum Games, Modus Games, Merge Games, and Just For Games, have been clearly differentiated and moving forward, all games will be put in the right hands for optimal success.

For more information about Maximum Entertainment and the new corporate structure, please see the attachment.

For more information about Maximum Entertainment and its family of companies, please visit the new website: .

About Maximum Entertainment

Maximum Entertainment is a global entertainment company dedicated to creating high quality experiences spanning the entire value chain of video games, including development, publishing, transmedia, sales and operations. Maximum Entertainment provides collaborative resources to its partners through in-house publishing labels Maximum Games, Modus, Merge Games and Just For Games, as well as its development division, Modus Studios. With more than 300 titles in its catalog, Maximum Entertainment has partnered with best-in-class creators and franchises around the world to deliver magic to the gamer in everyone. Maximum Entertainment has offices around the world, employs more than 200 professionals and is a brand of Zordix AB (publ). Visit Maximum Entertainment at .

Maximum Entertainment is the new corporate structure for the Zordix gaming brands -

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SOURCE Maximum Entertainment

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