Montreal, Canada
Dynasty Gaming Inc. (TSXV: DNY) (OTCBB: DNYFF) has announced the signing of a Letter of Intent with the Quebec-based parent company of Gametronix Systems Inc. ("Gametronix"). Under this agreement, Dynasty will earn fees or royalties for assisting Gametronix to successfully commercialize its different types of gaming terminals and its dealer-less poker table, branded as "Pokermate", within various markets. Dynasty's assistance will take the form primarily of introductions to Dynasty's network of gaming operators, as well as various owner/operators of Internet gaming sites.
Albert Barbusci, chief executive of Dynasty, stated, "We believe Gametronix has developed a number of gaming products that could be very successful. By providing Gametronix with introductions to some of the important gaming operators with whom Dynasty has relationships, we may be able to generate an additional stream of income."
Gametronix Systems president, David Baazov, said, "We recognize the impressive and valuable network of relationships Dynasty has established in the gaming industry. By accessing these links, through this arrangement with Dynasty, we are hopeful of accelerating the introduction and launch of our terminals and gaming products."
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this news release.
Forward-looking Statements
This press release contains certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect.
About Dynasty Gaming Inc.
Through its wholly owned subsidiaries, Dynasty Gaming is aggressively pursuing agreements with major companies in the People's Republic of China for the development, marketing and distribution of government-approved online applications for its proprietary Mahjong software. Success to date includes the establishment of a relationship with Beijing Junnet Science and Technology Company Limited (www.junnet.cn), one of the largest prepaid card distributors in China, for the marketing and distribution of prepaid cards for accessing a play-for-points version of Mahjong on sites in China. Dynasty has also entered into a formal agreement with Sohu.com Inc. (www.sohu.com), one of China's most widely used interactive online sources for information, entertainment and communications incorporating a leading portal with more than 100 million registered users.
Dynasty's relationship with Sun Media Investment Holdings ltd. (www.chinasunmedia.com), China's largest privately owned multi-media provider, represents a powerful channel through which to create enhanced awareness of an online version of Mahjong, a national sport in China. Agreements also exist with Betex (www.betexgroup.plc.uk) covering sports lotteries and SSI (www.sino.com) covering welfare lotteries, which further expand the range of distribution channels through which Dynasty-sourced content will be marketed and managed in China. An agreement with Las Vegas From Home.com Entertainment Inc. (www.lvfh.com) allows Dynasty to provide all of its marketing channel partners with its own Mahjong game together with LVFH's full suite of popular Asian-style specialty games. Commencement of multi-site online play of mahjong in China is expected to begin on April 1, 2007. Competition for seats at a World Cup of Mahjong event, scheduled for June 2007 in Macau, PRC, will serve as an incentive for a large universe of players.
Dynasty Gaming's 91.7 million common shares, issued and outstanding, are widely held by Canadian and U.S. investors. Full information on Dynasty Gaming can be found at www.dynastygaming.com.
CONTACT: Dynasty Gaming Inc. Albert Barbusci 514-288-0900 Ext. 224 or Alliance Advisors, LLC Thomas Walsh 646-415-8321 or Gametronix Systems Inc. David Baazov 514-744-3122 x 105
Source: Business Wire (Business Wire India)