Dear Firefall fans: As you may have heard, Red 5 Studios has filed for arbitration to confirm our right to terminate our agreement with Webzen and recover $5 million in North American marketing that we feel is due Red 5 under the agreement. The crux of the matter is that the Webzen we see today is not the Webzen that Red 5 partnered with at the beginning of this project. The original executives are all gone, and new management has replaced them. Unfortunately, we do not feel the new management of Webzen has honored their obligations towards Firefall, particularly in Asia. The current management of Webzen is a stark contrast to the original CEO and executives who were once so excited to work with us on the game. To date, Red 5 has been shouldering the burden of marketing in the US by itself, without assistance from Webzen. We will continue to do so and extensively ramp up in the process. You will see a lot of activity coming from us to promote Firefall on the web, tradeshows and other media. A lot of it is very exciting indeed! While we would rather have Webzen as a supportive partner in these efforts, we do not believe that will occur. In the US and Europe, we will continue to develop, market and operate Firefall. Unfortunately, in Asia, what we feel is Webzen’s lack of motivation leaves much to be desired in our opinion. We regret that Webzen’s actions, or lack of actions, are causing undue stress among Firefall fans in Asia and elsewhere. By seeking a termination of the agreement, we hope we can find a better way to ensure that Firefall reaches everybody in Asia in the manner that gamers deserve. As you know, we are in a period of intense disruption in our industry. We are again in a gaming world where small, independent developers can make a difference. We intend to make that difference. We intend to stand up to Webzen, a large Korean publisher, and show them we expect developers to be treated fairly. Please join us, and show your support. It really helps. Thank you, Mark Kern CEO, Red 5 Studios, Inc.