ProGaming Platforms Signs JV with Inhouse Interactive to Launch State-of-the-Art Social Media Games
TEL AVIV, Israel, October 18, 2012 /PRNewswire/ --
ProGaming Platforms Corp. (OTCBB:PPTF), developer of a commercial multiplayer online gaming and reward processing software platform, announced today that the company has signed a definitive joint venture agreement with Inhouse Interactive (http://www.inhouse.co.il) a boutique designer of interactive online games and creative advertising solutions. The two companies will collaborate to launch its unlimited player, state-of-the-art puzzle game into social media networks, most notably Facebook. The customizable game platform will track participant results and payout rewards.
The two companies will further seek to leverage the technology, by selling the customizable game platform as an advertising tool for companies seeking to increase name and brand recognition. Thereby, companies will be able to create games designed for marketing purposes, to attract and retain potential customers.
"Leading to the signing of this Joint Venture, Inhouse Interactive performed due diligence with multiple marketing and online advertising specialists, and confirmed that there is substantial demand for customizable advertising competitions on social media platforms, particularly Facebook," said Lior Zerling, CEO of Inhouse Interactive. "We believe that partnering with ProGaming Platforms to introduce this flexible new product to the continuously growing social media market should present a wealth of commercial opportunities."
"Integrating ProGaming Platform's proprietary system via social media and marketing channels is a significant piece of our business model," said Erez Zino, Chief Executive Officer of ProGaming Platforms. "We are extremely pleased to sign this Joint Venture agreement with Inhouse Interactive. We are optimistic that together we will provide a useful commercial and advertising tool for companies seeking to attract customers from the social media strata-a multi-billion dollar industry," Zino added.
ProGaming is the ultimate software platform for the multiplayer internet and social media 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 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. public filings may be viewed at http://www.sec.gov.
SOURCE ProGaming Platforms Corp
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