One Of The Pioneers Of China Online Gaming Industry, CEO Of Shanda Interactive Entertainment Limited (SNDA), Joins Ranks Of Neologic Animation Inc.
HANGZHOU, China, July 18, 2012 /PRNewswire/ - Neologic Animation Inc. (OTCBB: NANI),- (The Company), an educational software company in the People's Republic of China, announced the appointment of Mr. Tianqiao Chen ( http://www.forbes.com/profile/tianqiao-chen/) of Shanda Interactive Entertainment Limited (SNDA), as the Company's Technical Advisor.
Mr Chen is one of the pioneers of the Chinese online and interactive gaming industry. A self-made entrepreneur, Mr Chen is listed on the Forbes billionaires list. Mr. Chen also serves as a board director of Shanda Games (NASDAQ:GAME),
Mr. Chen graduated from Fudan University with a degree in Economics in 1994. With only RMB 500,000 Yuan of start-up capital, he co-founded SNDA in 1999 and in 2001 launched the company into the online gaming industry. Under Mr. Chen's leadership, SNDA was listed on the NASDAQ in 2004 and raised $151.8 million, and then the company was taken private in February, of 2012. It continues to be a global leader in the interactive entertainment media industry.Mr. Chen commented, "I look forward to supporting the Company and its CEO in any way I can as they work towards becoming a leading edutainment company in China and growing as a public company." "We are confident that Mr. Chen's experience and leadership will only further ensure the success of the Company," said CEO Hongxiao Zang. "His vision and technical ability are unmatched in the industry and we are very fortunate to have him on our team." Shanda Interactive Entertainment Limited offers a broad range of online entertainment content on an integrated service platform to a large and diverse user base. SNDA offers high quality entertainment content through its subsidiaries and affiliates, including Shanda Games (NASDAQ:GAME), Cloudary, Ku6 Media, and various other online community and business units. With content ranging from massive multi-player online role-playing games (MMORPGs) and advanced casual games, to social network games, e-sports, literature, film, television, music, and video, SNDA provides a centralized platform to its users to interact with thousands of other users while enjoying some of the best entertainment content available in China today. Mr. Chen has been appointed by Neologic Animation as the Technical Advisor. With his immeasurable experience in IT and the NASDAQ, his contribution will only hasten the Company's rapid entry into the international market.
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