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
[email protected]
+1-917-522-8377
SOURCE ProGaming Platforms Corp.
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