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Nasdaq:DDI

DoubleDown Interactive Launches Undead World: Hero Survival

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SEATTLE, Sept. 14, 2021 (GLOBE NEWSWIRE) — DoubleDown Interactive (NASDAQ: DDI), a leading developer of social casino games, is proud to announce the launch of Undead World: Hero Survival, a zombie apocalypse RPG that uses a mixture of idle gameplay and character collecting and upgrading. This launch marks a strategic departure for the company, which has previously focused on the casino genre.

“We’re excited to be expanding DoubleDown’s repertoire, developing mobile games in new genres,” said In Keuk Kim, CEO of DoubleDown. “With idle and RPG gaming, we’ve put together a blend of action-based gameplay with unique and memorable characters. We hope to bring the quality our DoubleDown fans have enjoyed for years to a new audience, and it has been encouraging to see the reception the soft launch of Undead World has received so far.”

In Undead World: Hero Survival, players will collect heroes, level them up, and battle zombies to advance through the main story campaign. Their idle rewards will fill up throughout the day, encouraging players to come back and collect. Players will be able to play with friends and join guilds for more rewards and gameplay benefits. Undead World: Hero Survival offers a variety of game modes, including gauntlet and PvP.

Undead World: Hero Survival is expected to launch worldwide in late September and will be available on iOS and Android devices.

Players can pre-register on Google Play: https://bit.ly/3tvlBna

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Players can sign up to be notified via email when the game is available on iOS: https://bit.ly/3ni9adv

For more information, please visit http://undeadworld-herosurvival.com/

Follow the latest activity on Undead World: Hero Survival’s social media pages:

Twitter: https://twitter.com/undeadworld_hs

Facebook: https://www.facebook.com/undeadworldherosurvival

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YouTube: https://www.youtube.com/channel/UCAmMhK1HhMhSuBDrVM6_4ZA/featured

About DoubleDown Interactive

DoubleDown Interactive, Co. Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms. We are the creators of multi-format interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. Our flagship title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games.

Safe Harbor Statement

Certain statements contained in this press release are “forward-looking statements” about future events and expectations. Forward-looking statements are based on our beliefs, assumptions, and expectations of industry trends, our future financial and operating performance, and our growth plans, taking into account the information currently available to us. These statements are not statements of historic fact. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. Therefore, you should not place undue reliance on such statements. Words such as “anticipates,” believes,” “continues,” “estimates,” “expects,” “goal,” “objectives,” “intends,” “may,” “opportunity,” “plans,” potential,” “near-term,” long-term,” “projections,” “assumptions,” “projects,” “guidance,” “forecasts,” “outlook,” “target,” “trends,” “should,” “could,” “would,” “will,” and similar expressions are intended to identify such forward-looking statements. We qualify any forward-looking statements entirely by these cautionary factors. We assume no obligation to update or revise any forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

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Company Contact:
Joe Sigrist
[email protected]
+1 (206) 408-7545
Chief Financial Officer
https://www.doubledowninteractive.com

Investor Relations Contact:
Cody Slach or Jeff Grampp, CFA
Gateway Group
1-949-574-3860
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b692481b-3784-4f55-a89d-d7afa487f736

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Nasdaq:DDI

DoubleU Games to Purchase Additional Shares of DoubleDown Interactive from Current Shareholder

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SEOUL, Korea, Oct. 07, 2021 (GLOBE NEWSWIRE) — DoubleU Games (192080:KS), a leading developer and publisher of social casino games, has advised DoubleDown Interactive (NASDAQ:DDI) (DDI) that it intends to acquire outstanding common shares of DDI in accordance with the Supplemental Agreement to the Joint Investment Agreement between DoubleU Games, DDI, and STIC Special Situation Diamond Limited (STIC), dated July 16, 2021.

DoubleU Games has agreed to purchase from STIC 161,927 common shares at a price per share of US$360.00, which is the equivalent of 3,238,540 ADSs of DDI, through this transaction. Twenty (20) ADSs represent one common share in DDI. After consummation of the transaction, the number of DDI common shares owned by DoubleU Games will increase from approximately 60.5% to 67.0% of the total issued and outstanding common shares of DDI. The transaction is expected to close by the end of October 2021.

Jay Choi, CFO at DoubleU Games, said, “Doubleu Games has strong confidence in DDI’s long-term growth, and based on this, we have decided to acquire the shares. The two companies will continue to grow collaboratively based on this solid relationship.”

About DoubleU Games

DoubleU Games Co., Ltd. is a Korea-based game development company. It offers multiple gaming products such as ‘DoubleU Casino’ and ‘Take5 Slots’ and others. The company was founded in 2012 and was listed on the KOSPI in 2019 through continuing growth. DoubleU Games Co., Ltd. is DoubleDown Interactive Co., Ltd.’s majority shareholder and has a strong position in the global social casino market.

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About DoubleDown Interactive

DoubleDown Interactive Co., Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms. DDI is the creator of multi-format interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. DDI’s flagship title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games.

Safe Harbor Statement

Certain statements contained in this press release are “forward-looking statements” about future events and expectations for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on our beliefs, assumptions, and expectations of industry trends, our future financial and operating performance, and our growth plans, taking into account the information currently available to us. These statements are not statements of historical fact. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. Therefore, you should not place undue reliance on such statements. Words such as “anticipates,” believes,” “continues,” “estimates,” “expects,” “goal,” “objectives,” “intends,” “may,” “opportunity,” “plans,” potential,” “near-term,” long-term,” “projections,” “assumptions,” “projects,” “guidance,” “forecasts,” “outlook,” “target,” “trends,” “should,” “could,” “would,” “will,” and similar expressions are intended to identify such forward-looking statements. We qualify any forward-looking statements entirely by these cautionary factors. We assume no obligation to update or revise any forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Company Contact:
IR Team
[email protected]
http://www.doubleugames.com/

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Nasdaq:DDI

DoubleU Games to Purchase Additional Shares of DoubleDown Interactive from Current Shareholder

Published

on

SEOUL, Korea, Oct. 07, 2021 (GLOBE NEWSWIRE) — DoubleU Games (192080:KS), a leading developer and publisher of social casino games, has advised DoubleDown Interactive (NASDAQ:DDI) (DDI) that it intends to acquire outstanding common shares of DDI in accordance with the Supplemental Agreement to the Joint Investment Agreement between DoubleU Games, DDI, and STIC Special Situation Diamond Limited (STIC), dated July 16, 2021.

DoubleU Games has agreed to purchase from STIC 161,927 common shares at a price per share of US$360.00, which is the equivalent of 3,238,540 ADSs of DDI, through this transaction. Twenty (20) ADSs represent one common share in DDI. After consummation of the transaction, the number of DDI common shares owned by DoubleU Games will increase from approximately 60.5% to 67.0% of the total issued and outstanding common shares of DDI. The transaction is expected to close by the end of October 2021.

Jay Choi, CFO at DoubleU Games, said, “Doubleu Games has strong confidence in DDI’s long-term growth, and based on this, we have decided to acquire the shares. The two companies will continue to grow collaboratively based on this solid relationship.”

About DoubleU Games

DoubleU Games Co., Ltd. is a Korea-based game development company. It offers multiple gaming products such as ‘DoubleU Casino’ and ‘Take5 Slots’ and others. The company was founded in 2012 and was listed on the KOSPI in 2019 through continuing growth. DoubleU Games Co., Ltd. is DoubleDown Interactive Co., Ltd.’s majority shareholder and has a strong position in the global social casino market.

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About DoubleDown Interactive

DoubleDown Interactive Co., Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms. DDI is the creator of multi-format interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. DDI’s flagship title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games.

Safe Harbor Statement

Certain statements contained in this press release are “forward-looking statements” about future events and expectations for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on our beliefs, assumptions, and expectations of industry trends, our future financial and operating performance, and our growth plans, taking into account the information currently available to us. These statements are not statements of historical fact. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. Therefore, you should not place undue reliance on such statements. Words such as “anticipates,” believes,” “continues,” “estimates,” “expects,” “goal,” “objectives,” “intends,” “may,” “opportunity,” “plans,” potential,” “near-term,” long-term,” “projections,” “assumptions,” “projects,” “guidance,” “forecasts,” “outlook,” “target,” “trends,” “should,” “could,” “would,” “will,” and similar expressions are intended to identify such forward-looking statements. We qualify any forward-looking statements entirely by these cautionary factors. We assume no obligation to update or revise any forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Company Contact:
IR Team
[email protected]
http://www.doubleugames.com/

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Nasdaq:DDI

DoubleU Games to Purchase Additional Shares of DoubleDown Interactive from Current Shareholder

Published

on

SEOUL, Korea, Oct. 07, 2021 (GLOBE NEWSWIRE) — DoubleU Games (192080:KS), a leading developer and publisher of social casino games, has advised DoubleDown Interactive (NASDAQ:DDI) (DDI) that it intends to acquire outstanding common shares of DDI in accordance with the Supplemental Agreement to the Joint Investment Agreement between DoubleU Games, DDI, and STIC Special Situation Diamond Limited (STIC), dated July 16, 2021.

DoubleU Games has agreed to purchase from STIC 161,927 common shares at a price per share of US$360.00, which is the equivalent of 3,238,540 ADSs of DDI, through this transaction. Twenty (20) ADSs represent one common share in DDI. After consummation of the transaction, the number of DDI common shares owned by DoubleU Games will increase from approximately 60.5% to 67.0% of the total issued and outstanding common shares of DDI. The transaction is expected to close by the end of October 2021.

Jay Choi, CFO at DoubleU Games, said, “Doubleu Games has strong confidence in DDI’s long-term growth, and based on this, we have decided to acquire the shares. The two companies will continue to grow collaboratively based on this solid relationship.”

About DoubleU Games

DoubleU Games Co., Ltd. is a Korea-based game development company. It offers multiple gaming products such as ‘DoubleU Casino’ and ‘Take5 Slots’ and others. The company was founded in 2012 and was listed on the KOSPI in 2019 through continuing growth. DoubleU Games Co., Ltd. is DoubleDown Interactive Co., Ltd.’s majority shareholder and has a strong position in the global social casino market.

Advertisement

About DoubleDown Interactive

DoubleDown Interactive Co., Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms. DDI is the creator of multi-format interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. DDI’s flagship title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games.

Safe Harbor Statement

Certain statements contained in this press release are “forward-looking statements” about future events and expectations for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on our beliefs, assumptions, and expectations of industry trends, our future financial and operating performance, and our growth plans, taking into account the information currently available to us. These statements are not statements of historical fact. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. Therefore, you should not place undue reliance on such statements. Words such as “anticipates,” believes,” “continues,” “estimates,” “expects,” “goal,” “objectives,” “intends,” “may,” “opportunity,” “plans,” potential,” “near-term,” long-term,” “projections,” “assumptions,” “projects,” “guidance,” “forecasts,” “outlook,” “target,” “trends,” “should,” “could,” “would,” “will,” and similar expressions are intended to identify such forward-looking statements. We qualify any forward-looking statements entirely by these cautionary factors. We assume no obligation to update or revise any forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Company Contact:
IR Team
[email protected]
http://www.doubleugames.com/

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