Papaya Studio understands the importance of on-time, on-budget product development and places great      importance on continual monitoring of key performance indicators during the project lifecycle in order to      minimize slippage and other risks.      Papaya Studio’s track record speaks for itself. We use mainly in-house developers who are highly skilled      and experienced industry veterans. All appropriate back-up procedures are in place to ensure the safety of      code and art assets. All safeguards guaranteeing the normal day-to-day operation of the business have      been put in place. Regular reporting of project metrics and risk analysis and an open information policy      ensures that all team members and the publisher are fully aware of the project’s progress, and ensures that      issues are raised as early as possible. Papaya Studio is mobilized around each product placed in its care,      and does everything necessary to realize the critical commercial and other business objectives of the      publisher, including brand loyalty where a franchise is envisioned or involved.       Papaya Studio was 100% capitalized by the founder, and although Papaya has been “profitable” from      inception, we have sufficient capital resources to self-fund. In fact, our positive cash flow, strong balance sheet      and robust capitalization have been a key ingredient to our success and the resulting financial stability has      engendered a high level of confidence amongst our publisher partners. Our founder and President, Lin Shen,      has an acumen for handling finances that far exceeds what one typically finds in our industry.       Summary of Papaya’s Strengths include:     -A reliable and well-established and powerful engine technology on multiple platforms (PS2, PC, Gamecube,      Wii, PS3, Xbox and Xbox360).      -Robust development tools and pipelines allow fast prototyping as well as level creation.  It allows artists and      designers to make, test, and review changes instantly. “It is one of the most powerful and efficient pipelines I      have seen.” quotation from Medal of Honor lead designer at EALA.      -A real-time game mechanic adjustment tool provides the ability for the team and producer and creative      director at the publisher to adjust in-game camera, character running, jumping speed, AI scripts, animations,      and health and damages in real-time. This tool facilitates both the development team and the publisher on      reaching an idea gameplay mechanic quickly and efficiently.      -Transparent development philosophy is what Papaya believes and obeys. Papaya upload daily builds      (iso file) and build notes to publisher each morning. Online task management, bug reporting tools, check      in/out notes, individuals’ status reports, build errors, as well as project schedule are maintained as part of      Papaya Studio’s intranet, maximizing communication between team members and increasing access to vital      information for the publisher in real-time from any location.      -Papaya Studio only hires the very best talent in all fields of endeavor.          -Top 3D Modelers and Animators from SquareSoft, Japan who worked on Kingdom Hearts and Final          Fantasy series.          -Experienced game designers who are not only creative and technical but also very professional and flexible.          -Veteran Management.      -Papaya is financially stable with healthy cash reserve. The studio owns its current premises at 16 Truman      Irvine.      -All documentation, art and code assets are version controlled and automatically backed up every 24 hours.      -Use of automated analysis tools, testing and asset aggregation tools increase reliability and reduce overall      testing time.      -Equity is distributed among key staff.