|The leading Scandinavian developer of systems and concepts for mobile lotteries, Netgame Factory, has entered into a partnership with Oberthur Gaming Technologies, a world leader in the instant lottery ticket industry, to jointly develop and market comprehensive mobile lottery systems for the world market.|
The two companies will form a new joint venture company, with a 50% ownership by each party. The name of the new company will be OberthurNetgameFactory Ltd. and will have its base in Dublin, Ireland.
“In our view, Netgame Factory is the company that offers the most successful mobile lottery platform on the market today. Together we will be able to offer innovative turnkey m-gaming solutions, which combine Oberthur’s proven lottery experience and NGF’s revolutionary technology”, said John Connelly, Vice-President, Corporate Strategic Development of Oberthur Gaming Technologies.
The new company is the first one in the gaming market to focus on developing and marketing comprehensive lottery solutions to enable mobile lotteries. The company will provide both the systems and the actual lotteries and games, as well as operations management and support. The customers will be national and state lotteries established all over the world, with an initial focus on Oberthur’s existing customers in markets with high mobile penetration.
OberthurNetgameFactory Ltd. will combine Oberthur’s extensive lottery experience and strong world market position as a lottery supplier with Netgame’s technological know-how and experience in developing systems and applications for mobile gaming.
”Needless to say, we are very pleased to get such a competent and respected partner as Oberthur. The future of mobile lotteries is very bright, and we expect to generate the first national lottery as a customer in the new company already in 2003. Mobile lotteries are a reality and will be long into the future.”, said Claes Peyron, CEO, Netgame Factory.
Members of the Board of Directors will be Claes Peyron (CEO, Netgame Factory) and Klas Moberg (Founder, Netgame Factory), Emmanuèle Cousineau (President and CEO, Oberthur Gaming Technologies) and John Connelly (Vice-President, Strategic Development, Oberthur Gaming Technologies).
For illustrations of the signing of the agreement, please go to: www.netgamefactory.com/jv.htm
About Netgame Factory (NGF):
Netgame Factory is one of the leading suppliers of mobile gaming solutions to the global gaming industry. Netgame Factory develops, licenses and operates mobile gaming solutions for lotteries and gaming companies worldwide. With the Game Gateway System as a platform, Netgame Factory provides a wide range of services, including concept development, implementation, operations and consulting.
Netgame Factory is a Swedish privately-owned company founded in early 2000, with shareholders ranging from original founders to venture capital firms such as BrainHeart Capital, and telecom companies such as Telia Mobile, to private investors and employees. Among Netgame’s customers are several large gaming companies, network operators and media companies, e.g. TV3, Telia Mobile, Mobilkom, E-plus and Folkspel.
Oberthur Gaming Technologies, the Lottery Division of François-Charles Oberthur (FCO), is a world leader in the instant lottery ticket industry and currently supplies products to 100 clients in some 50 countries. FCO is a global leader in high-security printing specializing in instant lottery printing, banknotes, passports, stamps, smart cards and other security documents.
For additional information contact:
Lars Alm, Founder, Marketing and Sales Manager
Netgame Factory AB
+46 708-19 36 09
Lyse Trudel, Public Relations Officer
Oberthur Gaming Technologies – Corporate
514 254-3600, ext. 101