The King of Fighters 1994
"We are opening the King of Fighters 1994. Following the time honored custom, this year we will adopt a special rule of competition between teams of 3 fighters. That's all... [R]"

Hero Team
Fatal Fury Team
Art of Fighting Team
Ikari Warriors Team
Psycho Soldiers Team
Girls Team
Korea Team
USA Team
Boss
| Kyo Kusanagi | Benimaru Nikaido | Goro Daimon |
| Terry Bogard | Andy Bogard | Joe Higashi |
| Ryo Sakazaki | Robert Garcia | Takuma Sakazaki |
| Heidern | Ralf Jones | Clark Steel |
| Athena Asamiya | Sie Kensou | Chin Gentsai |
| Yuri Sakazaki | King | Mai Shirunai |
| Kim Kaphwan | Chang Koehan | Choi Bounge |
| Heavy D! | Lucky Glauber | Brian Battler |
| Rugal Bernstein |

1994. The modern age is now in it's total fulfilment. The world has suffered various changes, and technology has advanced as well. However, in the fighting world, a more dramatic outbreak was to take place... This year, the man known as Rugal Bernstein began to make waves in the world. His reputation as a black market leader and expert in weapon and drug trafficking were unsurpassed, and known by many as one of the more wealthy men in the world. Aboard the Blacknoah, his private air carrier, from where he receives and delivers his stocks, Rugal cruised the seas of the world, without being able to be stopped by the world governments. And not only was Rugal feared and respected in the crime world. He was also known to be quite a formidable fighter, and it is known that anybody who has faced him aboard the Blacknoah, has not escaped alive.

Rugal, bored by the lack of competition, had an ominous idea. He ordered one of his personal secretaries, Mature, to go around the world, and give eight invitations to certain people around the world. These invitations were enclosed in white envelopes, with red seals marked the "Rugal" sign. He was to retake the old King of Fighters tournament, and take it in his own hands. However, he was going to create some new rules this year. Instead of one-on-one fights, the new competition system was to include battles between teams of three people. Fights will take place between these teams, in a tag-team fashion. If one of the members were to be defeated by one of the other team's members, the next member will come in to fight the winner, and will go on until all three members of one team would be defeated. However, before the tournament was to be commenced, a man stood before Rugal...ready to fight him to the end and finish his stupid ambition. Of course, Rugal was not the one to be intimidated...

Days later, the new King of Fighters tournament began. Eight teams had entered, representing eight different countries. Japan, with the newest breed of Asian heroes. Italy, having no other than the legendary Lonely Wolves. Mexico, showing the power of Kyokugenryo Karate. Brazil, represented by Ikari mercenaries. China, combining both old and new generations. Korea, sporting some weird combination of justice and crime. England, the only all-female team. USA, and the three most important country sports. Thus, the battles began. Emotive encounters took place, and the passion and fury of battle once again raged on, with more emotion than ever before. So many different fighters, so many different styles. It was a delight to see so many fighting skills facing one another, in a battle not presenting hatred, just the satisfaction and honour of winning. The battles were long and winded, and the winners were only defined by short instances.

At the end, it was not the Lonely Wolves, but the Japan Team which came out the winner. This team had two young fighters and one experienced warrior. One of the young ones was Kyo Kusanagi, latest descendant of the Kusanagi clan, renown for their crimson flames. The other was Benimaru Nikaido, a brash and arrogant fighter, expert in shooting karate (a variation of Muetai kickboxing), and also having the power of lightning. The experienced one was Goro Daimon, the large Judo champion, who's impressive strength made the earth itself tremble. All three were defined by a national martial arts championship which took place in Japan: Kyo came out on top, beating Benimaru in the finals; Daimon was third, after being beaten by Kyo in the semi-finals.

Mature, Rugal's personal secretary, invited the Japan Team atop a helicopter, which was to transfer them to the Blacknoah: their final battle was about to begin. Rugal saluted the team as they came in the Blacknoah, aside his pet panther and a glass of wine. He laughed and honestly thought they wouldn't come this far. Shocked at this statement, the three fighters were paralysed at the sight around them: groups and groups of statues of fighters extended everywhere. With another evil laughter, Rugal admits that all those fighters were alive once, and that he had defeated them all, and bathed their bodies in steel so that they would be immortalized. And the Japan Team was the next in the eerie collection...

Rugal fought the three fighters. Benimaru and Daimon fought well, but they only managed to make Rugal a lot more angrier, obligating him to use his best techniques. He confesses that he never had to reach to such instances, but the circumstances so applied for it. Using his full power, Rugal even took the best techniques of Geese and Krauser, past hosts of the tournament! After defeating Benimaru and Daimon, Kyo was the last one standing. Although Kyo fought with all his might, Rugal turned out to be a ruthless fighter, and began to make Kyo feel the heat of the battle. Almost on his knees, Kyo, with sore eyes, saw a body lying in a corner of the room. With disbelief, he saw that it was no other than his own father, Saisyu Kusanagi. He had turned out to face Rugal prior to the tournament, but had been defeated...perhaps even killed. Kyo couldn't take it anymore. He bursted in rage, and in sheer fury, attacked Rugal like a crimson tornado. Unable to avoid the rage of the Kusanagi, Rugal fell in defeat. With his voice paused by the pain, Rugal silently condemns the Japan Team to a swift death...crazy of revenge, and a poor loser, Rugal took a strange device, and pressed the button. The Blacknoah was now to auto destroy itself! Kyo, Benimaru, and Daimon barely made it out alive, as the Blacknoah, engulfed in flames, sank to the bottom of the ocean. Thus, the King of Fighters tournament ended yet again, and as the same as the past two years, nobody was seen to be able to take hand of the tournament.

Announcing the King of Fighters '95 Tournament...