TEL AVIV, Israel, August 1, 2012 /PRNewswire/ --
ProGaming Platforms Corp. (OTCQB: PPTF), a developer of a commercial multiplayer online gaming and reward processing software platform, announced today that the company has entered into advanced negotiations to form a joint venture with a boutique designer of online games. If formed, the two companies will collaborate to integrate ProGaming's proprietary gaming platform into a state-of-the-art game designed specifically for social media networks.
As part of the potential joint venture, the companies would design new and unique multiplayer games for social media utilizing ProGaming's patent-protected game tracking and reward-payout system. The platform accurately computes game results of unlimited numbers of players in real-time, and can provide instantaneous rewards to game winners.
Management of the participating company have led research and development efforts for games designed and successfully launched on Facebook that have attracted more than 20 million monthly users.
"I am extremely optimistic about the potential for launching a joint venture that will enable our platform to penetrate the world's largest social media networks said Erez Zino, Chief Executive Officer of ProGaming Platforms. "The ability of our platform to instantly and accurately determine a competition's winner from among an unlimited pool of participants worldwide fulfills a tremendous need within the industry."
"With this collaborative effort, we will have the capability to tap into the large and continuously growing social media gaming market-a multi-billion dollar industry," Zino added.
ProGaming is the ultimate gaming platform for the internet's ultimate games. ProGaming's platform automatically and accurately determines game winners from an unlimited pool of players, and automatically pays monetary reward payouts. The platform can be integrated into any existing billing system, can be licensed by any online gaming provider, and can sit on any third-party server.
Learn more about ProGaming Platforms at http://www.progamingcorp.com.
This letter 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 ProGamig 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. public filings may be viewed at http://www.sec.gov.
SOURCE ProGaming Platforms Corp