K2 Network's Knight Online reaches Over 4 Million Registered Users

Game Continues To Exceed Expectations Since Recent Reign of Fire Drake Expansion Pack Release

IRVINE, Calif. – May 21, 2007 – Knight Online game developer, Mgame Corporation (www.netgame.com), and publisher K2 Network, Inc. (www.k2network.net), announced today that fantasy MMORPG, Knight Online (www.knightonlineworld.com), has reached a major milestone with K2 Network now supporting more than 4 million registered users. Since the release of the expansion, “Reign of Fire Drake”, in late 2006, Knight Online has been taking the online gaming world by storm.

Representing one of the largest MMO communities in the world, Knight Online is continuing to entice players into its involving large scale wars, with thrilling PvP action and innovative Free2Play™ option. With the release of the “Reign of Fire Drake” expansion, gamers were treated to new monsters, bosses and zones with a more organized user interface, fun role-playing costumes and more. Knight Online players are also treated daily to in-game events including “Forgotten Temple”, “Lunar War” and more with valuable in-game prizes awarded multiple times a day.

“We are overwhelmed and amazed by the level of success Knight Online has reached,” said Joshua Hong CEO and Co-founder K2 Network. “We are constantly striving to create games that can build and establish strong communities and we are ecstatic by the amount of support the online community has given us. Knight Online is a remarkable title that will continue to captivate gamers far into the future.”

Developed by Mgame Corp., Knight Online debuted in Korea in 2004, and has grown at a tremendous rate, with perpetual war servers operating with local language-support in China, Taiwan, Korea, Japan, Malaysia, and North America. The popular title is currently being enjoyed by millions of players in over 80 countries.

Experience Knight Online at www.knightonlineworld.com

About Mgame:

MGame Corp. has been a forerunner in the online-game industry in Korea, starting from its first online game called Dark Saver. We service all kinds of games ranging from Web Board Games, Casual Games, Action Games, Musical Games to MMORPGs. With over 50 different games in service on our portal site with 19 million registered members, MGame is one of the most prominent video game companies in Korea. We have successfully expanded into the overseas markets of China, Japan, Taiwan, Europe, U.S., and Southeast Asia with titles such as: YulGang, Hero, Knight and Droiyan Online. More information can be found at www.netgame.com and www.mgame.com

About K2 Network

K2 Network, an online game publisher and community service management company, publishes and services highly engaging online games and cultivates dynamic player environments. The company puts "Gamers First" with compelling titles, exciting communities, creative pricing models, quality customer service, and frequent updates based on user requests. K2 Network currently has 8.5 million registered users and offers War Rock, Knight Online, Global MU Online, Red Stone and Sword of the New World: Granado Espada. Company headquarters are in Irvine, Calif. More information can be found at www.k2network.net.