|FUN Technologies Inc wholly owned subsidiary, SkillJam, has signed a two-year exclusive agreement to create a private-label skill-gaming platform for LYCOS Europe.|
Under the terms of the casual-gaming agreement, SkillJam will develop, operate and support the pay-for-play gaming sites for eight LYCOS Europe portals in the UK, Germany, France, Spain, Italy, Holland, Sweden and Denmark.
The global media group Bertelsmann AG holds 20 percent of the LYCOS Europe shares and LYCOS Europe currently reaches around 30 million unique users within its network every month.
SkillJam already distributes private-label gaming solutions for a broad network of partner destination sites in the U.S. and abroad, including AOL, MSN's Zone.com and Virgin Games.
Lorne Abony, the CEO of FUN Technologies, said, 'This represents an important stride forward as we continue investing in our European growth strategy, and gives our Games division the opportunity to substantially bolster its growing member base.'
Michael Rohowski, Chief Sales Officer for LYCOS Europe, said, 'We will continue to seek long-term relationships with best-of-breed partners to deliver content across a wide range of arenas and we felt that SkillJam would give users the most compelling proposition in this market.'