ISIS Lab Corporation Grants Options
June 17, 2014 - Toronto, ON
TORONTO, ON--(Marketwired - June 17, 2014) - ISIS Lab Corporation (TSX VENTURE: LAB) (FRANKFURT: ISX) (Frankfurt: WKN: A1XB97) (the "Company" or "ISIS") announces that it has granted 250,000 stock options to officers of the Company, exercisable at $0.38 per common share. Each option is exercisable for five (5) years from date of grant. The options are being granted pursuant to the Company's incentive stock option plan and are subject to any necessary regulatory or stock exchange requirements.
About ISIS Friends®
ISIS Friends® will be the first true social network built and regulated for the online gaming market providing the UK audience with a product differentiator both from a social interaction perspective and a substantial library of games integrated and available. ISIS Friends® is on track to have the largest portfolio of games available for social online gaming. ISIS Friends® cutting-edge technology is designed to be future ready, scalable, modular, with the ability to expand integrations without limit. ISIS Friends® was built with the ability to support third-party game integrations, cashier support, customer support, social networking, and backend operator support.
About ISIS Lab Corporation
ISIS is the developer and provider of an award winning social gaming software platform. With experienced social gaming leadership and development teams, ISIS looks to leverage the anticipated growth in regulated, real-money, online gaming through the application of the social graph and the gamblification of social games. The ISIS platform was developed for both social gaming and monetized gaming for clients operating within regulated markets. For ISIS clients operating within fully regulated markets the company offers a turnkey solution including a full commerce application and back office suite. ISIS was the winner of The 2013 Most Innovative Startup Company of the year at the 2013 GIGSE Conference in San Francisco, California.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information:
Certain statements in this press release may constitute "forward looking'' statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this press release, such statements may use such words as "may'', "will'', "expect'', "believe'', "plan'' and other similar terminology. These statements include, but are not limited to, statements with respect to the grant of options; the expectation that ISIS Friends® will be the first true social network built and regulated for the online gaming market, that ISIS Friends® is on track to have the largest portfolio of games available for social online gaming, and that the regulated, real-money online gaming market is anticipated to grow. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. The forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, delays with the launch of ISIS Friends® and the acceptance of the product in the target market, competition in the industry and markets in which the Company operates, the Company's stage of development, long term capital requirements and future ability to fund operations, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of ISIS operates. The foregoing list of factors is not exhaustive. Please see the Company's prospectus dated October 23, 2013 and other documents available on www.sedar.com, for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward looking information, whether a result of new information, future results or otherwise, except as required by law.