ISIS Lab Signs Agreement With Microgame S.P.A. to Power Online Italian Gaming Sites With Its Bingo Platform
13 Janeiro 2014 - 12:30PM
Marketwired
ISIS Lab Signs Agreement With Microgame S.P.A. to Power Online
Italian Gaming Sites With Its Bingo Platform
TORONTO, ONTARIO--(Marketwired - Jan 13, 2014) - ISIS Lab Inc.
(TSX-VENTURE:LAB) (the "Company" or "ISIS"), is pleased to announce
that it has entered into an agreement with Microgame SPA,
("Microgame") to deliver, subject to obtaining necessary regulatory
approvals, its bingo gaming platform and related services to
current and future operators serviced by Microgame.
Highlights
- Once the ISIS Bingo Platform is launched under the terms of the
agreement, it is expected to be on 125 online Italian gaming sites,
catapulting an immediate footprint into Italy.
- Will make Isis' product available to significant amount of real
money players across the Microgame platform.
- Microgame's customers generated gross gaming turnover of EUR1.5
billion in 2013.
The agreement with Microgame enables ISIS Lab to enter what is
considered to be one of the world's largest, fully regulated online
gaming market while providing Microgame a significant competitive
advantage with its cutting edge Bingo platform to its
customers.
Microgame, a leader in the regulated Italian online gaming
sector, utilizes today's most innovative technologies, high quality
products and services to fully focus on, and meet the requirements
of its operators, enabling them to provide best in class gaming
experiences to their discerning customers. Microgame is fully
licensed by the Italian Gaming Authority, the Autonomous
Administration of State Monopolies (the "AAMS") to operate in what
is considered to be one of the most regulated, profitable and
largest online gaming markets in the world.
The agreement has a term of two years and is subject to the
approval of the TSX Venture Exchange and AAMS. Subject to receiving
the necessary regulatory approvals, ISIS expects to launch the
platform, entering the exciting Italian Online Gaming markets, in
the first quarter of 2014.
"Microgame is the largest provider of games and services within
the regulated Italian Market. We are extremely pleased that
Microgame has chosen ISIS Lab's Bingo platform to power its
network," said Daniel Kajouie, Chairman, President and CEO of ISIS.
"This agreement will create a large and immediate footprint for
Isis in the Italian Market and our partnership with Microgame
confirms ISIS as the strong technology provider in the Gaming and
Social Media arena."
"Isis Lab's experience and expertise in online Bingo is second
to none," said Marco Castaldo, General Manager of Microgame.
"Through our partnership we believe we will offer our Italian
customers the best platform available and look forward to
significant growth in our Bingo revenues."
About ISIS Lab Corporation
ISIS is the developer and provider of an award winning social
gaming software platform. With experienced social gaming leadership
and development teams, ISIS Lab looks to leverage the anticipated
growth in regulated, real-money, online gaming through the
application of the social arena and the gamblification of social
games. The ISIS platform was custom developed for both social
gaming and monetized gaming for clients operating within regulated
markets. ISIS empowers clients operating within fully regulated
markets whereby ISIS offers a bespoke turnkey solution including a
full commercial application and back office suite of products and
functionality. ISIS was the proud winner of 'The 2013 Most
Innovative Startup Company' of the year at the 2013 GIGSE
Conference in San Francisco, California.
About Microgame SPA
Microgame S.P.A., founded in 1996, is the leading service
provider for the online gaming market in Italy. Microgame,
authorised by the Autonomous Administration of State Monopolies
(AAMS), provides gaming solutions for skill games, poker, casino
games, bingo, fixed odds and horse betting, instant lotteries and
National tote games. In 2013 Microgame's customers collectively
generated a gross gaming turnover of EUR 1.5 billion.
Microgame's main shareholders are Monitor Clipper Partners (MCP)
and TPG Growth, two international private equity funds, along with
founders and management. The company also manages People's Poker,
the largest independent poker network in Italy and one of the most
extensive in the world by number of brands represented. Microgame
also owns Nuova Pianeta Scommesse, a service provider for licensed
betting shops and corners.
On Behalf of Isis Lab Corporation
Daniel Kajouie, Chairman, President and CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Caution Regarding Forward-Looking Information:
Certain statements in this press release constitute "forward
looking'' statements which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward looking statements. When used
in this press release, such statements may use such words as
"may'', "will'', "expect'', "believe'', "plan'' and other similar
terminology. Forward-looking statements in this press release
include, but are not limited to, statements regarding the
expectation of regulatory approval for the agreement with
Microgame, the expectation of the launch of the ISIS bingo platform
under the agreement with Microgame and entering the Italian online
gaming market in the first quarter of 2014, and the expectation for
such platform to be on 125 online Italian gaming sites.. These
statements reflect management's current expectations regarding
future events and operating performance and speak only as of the
date of this press release. The forward looking statements involve
a number of assumptions, risks and uncertainties. These
assumptions, risks and uncertainties include, but are not limited
to: the ability of the Company to obtain TSX Venture Exchange, AAMS
and any other regulatory approvals needed in connection with the
agreement with Microgame; the expected size of the Italian online
gaming market reachable through the agreement with Microgame and
the acceptance of ISIS' product in the Italian online gaming
market; the Company's stage of development, long term capital
requirements and future ability to fund operations; regulatory
requirements; general economic, market or business conditions; and
future developments in the sectors of the economy in which the
business of ISIS operates. The foregoing list of factors is not
exhaustive. Please see the Company's prospectus dated October 23,
2013, available on www.sedar.com, for a more detailed description
of the risk factors. The Company undertakes no obligation to update
publicly or revise any forward looking information, whether a
result of new information, future results or otherwise, except as
required by law.
ISIS Lab CorporationUte KoesslerV.P. Corporate Development &
Communications416-970-2551ir@isislab.netwww.isislab.comKin
CommunicationsJoel KitsulSr. Vice President604.684.6730 or Toll
Free: 1.866.684.6730ir@kincommunications.com
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