Press Release

HI and Vitusoft Enter Into MOU On the Development of Mobile And Smart Phone Games

— Plan to collaborate on the global development of 3D mobile games in Japan, South Korea,
North America, and Europe —

HI CORPORATION (Headquarters: Tokyo, Japan; President and CEO: Kazuo Kawabata; hereinafter "HI") announced today that HI and South Korean content development company Vitusoft.Inc (Headquarters: Seoul, South Korea; CEO: Jeong Byung Ki; hereinafter "Vitusoft") have signed a MOU on the joint research and development of 3D games for mobile phones and smart phones in order to capture the global market.

This collaboration enables both companies to conduct application development of HI's 3D rendering engine "MascotCapsule®" and Vitusoft's DMM engine (Dream Monster Mobile Engine) in order to actively work together on the joint development of games and applications by sharing the experiences and knowledge earned from each business field.
In addition, both companies will collaborate on content exports to Japan, South Korean, Asia, North America, and Europe where the smart phone is growing fast.

Among Vitusoft's contents utilizing MascotCapsule, a 3D mobile game "Hustle-Billiards" that was launched in January 2010 from Korean carrier SK Telecom has gained huge popularity because billiards is a national pastime. Due to this success, the game was also distributed by KT and LG Telecom starting April 2010, making it available from three major mobile phone carriers in South Korea, which has led both companies to enter into this agreement.

"This MOU will trigger us to create more innovative content for global mobile and smart phone application markets, including the markets in Japan and Korea. The first outcome will be a 3D golf game "Hustle-Golf (tentative name)" to be released on mobile phones and smart phones (iPhone®, Android™ handsets, etc.) in October 2010," said Jeong Byung Ki, CEO of Vitusoft.

Kazuo Kawabata, President and CEO of HI said, "As we highly appreciate the technologies of "Hustle-Billiards" and we strongly believe that this will contribute to further development for both companies, we've reached this agreement. Through this collaboration, HI is committed to providing 3D application technology and knowledge in order for Vitusoft to develop various unique game content."

*1 DMM Engine (Dream Monster Mobile Engine)
Software that calculates the mutual effect of weights of several objects and their frictions in a virtual 3D space using the laws of physics in order to realize real actions.

* iPhone , iPod and iPad are registered trademarks of Apple Inc., registered in U.S. or other countries.
* MascotCapsule® is a registered trademark of HI CORPORATION in Japan.
* Other company names and product names are trademarks or registered trademarks of respective companies.

[About Vitusoft]
An on-line and mobile game development company founded in June 2008. The company is currently developing a web-based online strategy game "20^th Century World War" and a full 3D MMORPG web-based game "Vitu On-Line". For mobile phones, "Full 3D Hustle-Billiards" has been distributed by SKT, KT, and LGT and will also be available on iPhone, iPod®, and iPad™ in July. In addition, the company is developing "FULL 3D Hustle-Golf" to be released in autumn 2010. Vitusoft is pursuing the ideal of allowing users of all console platforms in the game world, such as online, web-based, and smart phone game platforms, etc., to enjoy the same game on a network.