WEBZEN Inc. (NASDAQ: WZEN), a leading global online entertainment developer, publisher and operator, today announced the company has started development of Endless Saga, a new massively multiplayer online role-playing game (MMORPG) for the PlayStation 3 (PS3) computer entertainment system. WEBZEN unveiled a first look at the colorful new MMORPG at the Annual PlayStation Meeting hosted by Sony Computer Entertainment Japan (SCEJ). Produced by WEBZEN's D-Studio, Endless Saga is slated for release in 2007 for both PS3 Online and PC Online.

"WEBZEN is honored to be among the select group of third-party publishers invited to participate at this year's Annual PlayStation Meeting," said Nam Ju Kim, CEO, WEBZEN, Inc. "We're excited about being one of the first publishers to bring a new online game to the PS3. We look forward to working closely with Sony Computer Entertainment Japan throughout the development cycle to ensure this new fantasy game appeals to MMORPG and PS3 fans everywhere."

On the event floor, SCEJ provided attendees with a sneak preview of Endless Saga. The crowd was treated to a glimpse of screen shots and a movie trailer highlighting the MMORPG's innovative gameplay, graphics and creative story and characters.

More details about Endless Saga will be unveiled in future announcements.