SWORD OF THE NEW WORLD: GRANADO ESPADAâ„¢OPEN BETA NOW LIVE

IRVINE, Calif. - June 27, 2007 - K2 Network, Inc. ( www.k2network.net ), an online game publisher, announced today that the open public beta for its epic MMORPG Sword of the New World: Granado Espada is now live and open to the public.

"The growing Sword of The New World community has been waiting for this day and it's finally here," said Grantley Day, Vice President of Development at K2 Network. "Until now gamers could only read about the unique and exciting experience that is Sword of The New World; but now they can experience this truly exceptional game firsthand."

Gamers who are interested in being part of the open beta which is now live and continues through until early July should visit

http://www.swordofthenewworld.com/register-beta.php

to sign up and start playing. In the beta, players will have access to 4 worlds while experiencing the game's extensive costume selection feature and unique multi-character control system, while testing out the deep and compelling character classes.

Licensed to K2 Network by Hanbitsoft, Sword of the New World is developed by imcGAMES. imcGAMES is headed by CEO Hakkyu Kim, the creator of Ragnarok Online, one of the world's most popular MMO's with more than 25 million subscribers. A fantasy MMORPG whose story is modeled after Europe's exploration of the New World, this gorgeous, original title allows players to create and simultaneously control a family of characters utilizing the excusive Multiple Character Control (MCC) system.

This innovative fantasy adventure lavishly unfolds its luscious graphical style through a rich and compelling story comprised of thrilling missions and quests. Swept by an exotic New World fever in the 17 th century, this fictional yet profoundly historical exploration of the new found continent includes features that are all-new and exclusive to the U.S. and European versions of the game.

About HanbitSoft

HanbitSoft, established in 1999, is one of the largest online game publishers in Korea as well as in Asia. After establishing itself as the No. 1 publisher in Korean PC game market, HanbitSoft has continuously invested in developing and publishing excellent and promising online games. HanbitSoft has a broad portfolio of online games ranging from casual games to high-end MMORPG's, either developed in-house or by external development studios such as Studio Mars (Neo Steam) and imcGAMES (Granado Espada). Most of its games already have been introduced in the Asian market as well as in the North and South American market. For example, PangYa, a fantasy-themed online golf game, is now in commercial service in more than 12 countries including Japan, USA and Brazil. Now, HanbitSoft is focusing on pioneering overseas online game markets in an effort to be a "global leading publisher."

www.hanbitsoft.com.

About imcGAMES

imcGAMES was established in 2003 and strives to Impress, Motivate and Connect by creating the highest quality games to make a deep impression. Second, they seek to imbue in their games a passionate and perpetual sense of motivation. Third, they foster new connections to enable relationships for each person who plays their games. imcGAMES is staffed by people dedicated not only to making players happy, but also to enjoying their work. www.imc.co.kr

About K2 Network

K2 Network publishes and services highly engaging online games and cultivates dynamic player environments. The company puts Gamers First by giving them free access to its compelling titles, supporting its amazing communities, offering creative pricing models and updating its games based on community feedback. K2 Network currently has 10 million registered users and offers War Rock, Knight Online, Global MU Online, Red Stone and Sword of the New World: Granado Espada. K2 Network has an operational presence in the United States, Korea, and India. More information can be found at www.k2network.net.