TEL AVIV, Israel, September 12, 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 entered into Memorandum of Understanding with Inhouse Interactive (http://www.inhouse.co.il) a boutique designer of interactive online games and creative advertising solutions. The two companies intend to collaborate to integrate ProGaming's proprietary gaming platform into a state-of-the-art game designed specifically for social media networks.
The companies will work to 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.
The two companies will further seek to leverage the technology, establishing a creative interactive marketing and advertising platform for companies who wish to gain exposure while interfacing with potential customers.
"Inhouse Interactive is extremely excited about the opportunity to collaborate with ProGaming Platforms," said Lior Zelerling, CEO of Inhouse Interactive. "Our companies possess complementary products and solutions that when combined, 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. "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 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