Com2uS Raises US$ 8 Million From US Venture Capital Firms

FOR IMMEDIATE RELEASE

Seoul, August 2005 - Com2uS, a leading developer and publisher of mobile games, announced that it has raised US$ 8 million in financing led by US-based venture capital firms Storm Ventures and Walden International. This round of investment represents the largest amount ever raised by a Korean mobile game company. The new funding will boost not only Com2uS' game development programs, but also marketing activities within Korean and international markets.

Ji-young Park, CEO of Com2uS, announced the investment today adding that Kee Lock Chua, Managing Director of Walden International, and Tae Hea Nahm, Managing Partner of Storm Ventures, will join the Com2uS board of directors.

Kee Lock Chua commented: "We are impressed with Com2uS' leadership in opening the Korean mobile game market and the company's global competitiveness. Com2uS is the number one mobile game developer and publisher in Korea with its highly-acclaimed titles available from SK Telecom, KTF, and LG Telecom. Com2uS is also an important player in the international market servicing 40 countries through premier mobile operators, including Vodafone Global, NTT DoCoMo, China Mobile, and T-Mobile."

"Com2uS has an impressive track record developing new mobile network and 3D games," said Tae Hea Nahm. Com2uS was the first in the world to develop mobile java games in October 2000 and is well known for its technological strength. It continues to position itself at the forefront of mobile gaming and competes with the main mobile game corporations around the globe. Some of the games in Com2uS' international line up include Andre Agassi COM2US Tennis, Civilization, and 3D Golf.

"We are delighted that Com2uS' development capabilities and industry competitiveness are receiving recognition from the international market," said Com2uS CEO Ji-young Park. "We plan to further expand internationally and bring the excellence of Com2uS games to mobile gamers everywhere."

About Com2uS

Com2uS Corporation, established in July 1998, became the first and leading mobile entertainment provider in Korea. Since then, Com2uS has developed a reputation for creating innovative and entertaining games and applications around the world. Com2uS games can be found in over 40 countries across 5 continents. Com2uS' provides operators with the ability to increase their revenue while giving end-users highly-compelling games to be enjoyed anyplace and anytime. Com2uS offices in Seoul, Beijing, Bangalore, Los Angeles and London support these operators and customers.

About Storm Ventures

Storm Ventures, based in Menlo Park, California, is a seed and early-stage venture capital firm with a proven combination of entrepreneurial experience, operational management and venture investment expertise. This helps the firm to identify the most promising investment opportunities in emerging IT, communications, and networking markets and to guide entrepreneurs toward success. In addition to successfully investing in Lightera Networks (acquired by Ciena), Sanera Systems (acquired by McData), and Netscaler (acquired by Citrix Systems), Storm's principals have also founded leading companies such as Airespace (acquired by Cisco Systems), Stratacom (NASDAQ: STRM), and Venture Law Group. Storm has three funds with more than $500 million under management. For more information, visit www.stormventures.com.

About Walden International

Walden International ("WI") is a leading international venture capital firm that has been providing investors access to early-stage, cross-border, IT opportunities with the advantage of an unrivaled Pan Asia network since 1987. The firm's funds total over US$1.6 billion in committed capital. WI's network of multi-cultural professionals spans China/Hong Kong, India, Malaysia, Singapore, Taiwan and the United States. With over 100 years of combined experience, WI's investment team has funded leading technology companies including Creative Technology (SGX: C76.SI), Leadis Technology (NASDAQ: LDIS), SINA (NASDAQ: SINA), and SMIC (NYSE: SMI and HKSE: 0981.HK). With 9 offices throughout Asia and the United States, the firm has extensive network relationships with major institutions, Asia governmental entities, strategic investors, and entrepreneurs throughout the Pan Asia region. For information, please visit www.waldenintl.com.

Media contact: Vaughan Wallis. E-mail: vwallis@com2us.com. Tel.: 82-6292-6048.

IR contact: Yongkook Cho. E-mail: jadai@com2us.com. Tel.: 82-2-6292-6004

Com2uS Corp.

10F A-dong, SK Twintech B/D, 345-9 Gasan-dong, Geumcheon-gu, Seoul, Korea

ZIP: 153-023

Website: www.com2us.com