UIEvolution® has Agreed to be Acquired by Leading Interactive Entertainment Software Developer and Publisher, Square Enix

UIEngine assists with the development and delivery of mobile content across a multitude of wireless devices.

March 22, 2004 — Bellevue, WA

UIEvolution announced today that it has agreed to be acquired by Square Enix, an industry leading developer and publisher of interactive entertainment software that includes the world's most popular franchises, FINAL FANTASY® and Dragon Quest. The acquisition combines Square Enix's industry leading interactive media offerings with UIEvolution's proven proprietary software technology.

For Square Enix, the acquisition gives the company a strategic advantage in reaching multiple embedded, mobile, and broadband platforms. It allows Square Enix to immediately begin delivering new content experiences to its fan base in Japan, the United Stat es, Europe, and Asia. For UIEvolution, the acquisition extends the company's reach and its relationships with operators across the globe, allowing it to help its content developer customers more easily deliver their applications into global markets. It also gives UIEvolution greater access to capital, which the company will use for further research and development designed to enhance the already extensive capabilities of its innovative software solution.

"UIEvolution's unique software technology contribut es to Square Enix's overall strategy to be the leading provider of interactive entertainment media worldwide," said Yoichi Wada, President of Square Enix. "This collaboration offers the unique opportunity to use technology to push the boundaries of content delivery, enabling Square Enix to reach millions of subscribers through any wireless or broadband connection."

UIEvolution delivers wireless and embedded software technology, development tools, and core applications for leading consumer content brands, wireless publishers and consumer electronics manufacturers. The company's innovative software technology is a single solution for cross-platform, cross-device, client-sever application development and deployment. The UIEngine™ enables a data-rich, dynamic, interactive user experience across BREW, J2ME/MIDP, J2ME/DOJA, MS Smart Phone, MS Pocket PC, PalmOS, MS Windows, i-Tron, VxWorks, Symbian, SPOT, and Gameboy platforms used by any OEM. In addition, UIEngine runs applications across virtually any wireless network, including GPRS, CDMA 1xRTT, EDGE, Wi-Fi, PHS, Bluetooth, and IRDA.

Square Enix and UIEvolution Acquisition

"When founding UIEvolution, my goal was to develop software that delivers a rich, interactive mobile and broadband content experience to millions of users worldwide." said Satoshi Nakajima, CEO of UIEvolution. "Joining Square Enix not only validates the uniqueness and incredible potential of our technology, it also accelerates the standardization of our software as the premier technology for delivering applications to pervasive devices across any wireless or broadband network."

"The synergy of vision between the two companies is remarkable," said Lou Gray, President of UIEvolution. "Both Square Enix and UIEvolution believe the 21st century is about opening new doors for end users through the delivery of pervasive content, powered by innovative technology. Together, we look forward to taking wireless content to a whole new level."

UIEvolution will operate as a wholly owned subsidiary of Square Enix U.S.A., Inc., located in Los Angeles, Calif. UIEvolution will continue developing and deploying content to multiple embedded, mobile and broadband platforms. All UIEvolution employees are expected to join Square Enix U.S.A., and they will remain in their current Bellevue, Wash., location.

About Square Enix

Headquartered in Tokyo, Japan, Square Enix Co., Ltd. (Square Enix) develops, publishes and distributes entertainment content including interactive entertainment software and publications in Japan, North America, Europe and Asia. Square Enix brings two of Japan's best-selling franchises - FINAL FANTASY®, which has sold over 49 million units worldwide and DRAGON QUEST (DRAGON WARRIOR® in North America) which has sold over 34 million units worldwide - under one roof. Square Enix is one of the most influential providers of digital entertainment content in the world and continues to push the boundaries of creativity and innovation.

Square Enix U.S.A. Inc., located in Los Angeles, Calif., handles operations in North America including localization, marketing and publishing of Square Enix titles. More information on Square Enix U.S.A. can be found on the Internet at square-enix.com.