"We are thrilled to be embarking on this Ice Age project,'' commented Mr. Il-Young Ryu, the Chairman and Chief Executive Officer of Gravity. FOX is one of the world's most renowned entertainment companies and we're excited to develop an online game based on one of its leading intellectual properties. It is our aim to produce a great online game that will meet the expectations of all game users and Ice Age fans throughout the world. In addition, Gravity has been pursuing detailed discussions with FOX to publish additional online game titles in the future.''

Elie Dekel, Executive Vice President of Licensing and Merchandising for 20th Century FOX Licensing & Merchandising added, "It's important for us to have a committed online presence for the Ice Age brand. This agreement will ensure that a top-notch Ice Age gaming experience will be available to fans online for years to come.''

Ice Age Online is expected to be released in the third quarter of 2009.