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ProGaming Platforms Corp. Records First Commercial Sale and License Agreement With a Major European Satellite Equipment Provider
TEL AVIV, Israel, October 24, 2011/PRNewswire/ --
ProGaming Platforms Corp. (OTCBB: PPTF), developer of a commercial
multiplayer online gaming and reward processing platform, announced today
that it has entered into a twelve-month, $90,000 exclusive licensing
agreement with GT-SAT International of Luxembourg (
http://www.gt-sat.com), a major supplier of satellite equipment in the
European Union.
According to the terms of the license, the Company granted to GT-SAT
International an exclusive license to use and implement ProGaming's
proprietary platform in Luxembourg, Belgium, and the Netherlands.
GT-SAT International provides satellite equipment for household
television and internet usage. Utilizing ProGaming's platform, GT-SAT
International's satellite technology can enable an infinite number of
end-users to challenge one another in pay-per-play skill competitions, with
game winners receiving monetary payouts.
Commenting on the licensing deal, Guil Mediouni, CEO of GT-SAT
International, stated: "Through our 15 years of experience, extensive
relationships with satellite providers, and deep knowledge of the satellite
television and internet markets, we are relatively certain that online
gaming will continue to grow rapidly in popularity, and we believe that we
will be able to successfully integrate ProGaming's platform to offer
end-users a wide variety of skill games with a reliable commercial reporting
and payout system."
Tamir Levinas, CEO of ProGaming, added: "We are extremely pleased to
record our first licensing deal with a partner that boasts a strong
reputation as a long-standing provider of satellite equipment throughout
Europe. GT-SAT International represents an ideal partner with solid
technical and marketing capabilities. This license agreement attests to the
strength of our technology and business model going forward, and is an
exciting milestone for our young company."
About ProGaming Platforms Corp.
ProGaming is the developer and provider of a gaming platform for
internet games that enables customers to automatically and accurately
determine game winners from an unlimited pool of players, and that automates
monetary reward payouts. The platform may be integrated into an existing
billing system, and can sit on a third-party server.
Learn more about ProGaming Platforms at
http://www.progamingcorp.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 as amended and Section
21E of the Securities Exchange Act of 1934 as amended. All forward-looking
statements are inherently uncertain, based on current expectations and
assumptions concerning future events or future performance of ProGaming
Platforms Corp., and its technologies. In evaluating such statements,
prospective investors should review carefully various risks and
uncertainties identified in this release, as actual results may differ
materially from those indicated. ProGaming Platforms Corp.'s public filings
may be viewed at http://www.sec.gov.
Contact:
CEO, Tamir Levinas
tamir@progamingcorp.com
+1-917-522-8377
Source: ProGaming Platforms Corp.
.
ProGaming Platforms Corp. Records First Commercial Sale and License Agreement With a Major European Satellite Equipment Provider
TEL AVIV, Israel, October 24, 2011/PRNewswire/ --
ProGaming Platforms Corp. (OTCBB: PPTF), developer of a commercial
multiplayer online gaming and reward processing platform, announced today
that it has entered into a twelve-month, $90,000 exclusive licensing
agreement with GT-SAT International of Luxembourg (
http://www.gt-sat.com), a major supplier of satellite equipment in the
European Union.
According to the terms of the license, the Company granted to GT-SAT
International an exclusive license to use and implement ProGaming's
proprietary platform in Luxembourg, Belgium, and the Netherlands.
GT-SAT International provides satellite equipment for household
television and internet usage. Utilizing ProGaming's platform, GT-SAT
International's satellite technology can enable an infinite number of
end-users to challenge one another in pay-per-play skill competitions, with
game winners receiving monetary payouts.
Commenting on the licensing deal, Guil Mediouni, CEO of GT-SAT
International, stated: "Through our 15 years of experience, extensive
relationships with satellite providers, and deep knowledge of the satellite
television and internet markets, we are relatively certain that online
gaming will continue to grow rapidly in popularity, and we believe that we
will be able to successfully integrate ProGaming's platform to offer
end-users a wide variety of skill games with a reliable commercial reporting
and payout system."
Tamir Levinas, CEO of ProGaming, added: "We are extremely pleased to
record our first licensing deal with a partner that boasts a strong
reputation as a long-standing provider of satellite equipment throughout
Europe. GT-SAT International represents an ideal partner with solid
technical and marketing capabilities. This license agreement attests to the
strength of our technology and business model going forward, and is an
exciting milestone for our young company."
About ProGaming Platforms Corp.
ProGaming is the developer and provider of a gaming platform for
internet games that enables customers to automatically and accurately
determine game winners from an unlimited pool of players, and that automates
monetary reward payouts. The platform may be integrated into an existing
billing system, and can sit on a third-party server.
Learn more about ProGaming Platforms at
http://www.progamingcorp.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 as amended and Section
21E of the Securities Exchange Act of 1934 as amended. All forward-looking
statements are inherently uncertain, based on current expectations and
assumptions concerning future events or future performance of ProGaming
Platforms Corp., and its technologies. In evaluating such statements,
prospective investors should review carefully various risks and
uncertainties identified in this release, as actual results may differ
materially from those indicated. ProGaming Platforms Corp.'s public filings
may be viewed at http://www.sec.gov.
Contact:
CEO, Tamir Levinas
tamir@progamingcorp.com
+1-917-522-8377
Source: ProGaming Platforms Corp.
.