|TORONTO – (BUSINESS WIRE) – Parlay Entertainment Limited, a member of the DCEG Group of Companies (OTCBB: DCEG) and a leading supplier of software and services to the e-gaming industry, today announced the signing of a letter of understanding to form a strategic alliance with IGW Software, a leading provider of software to online sportsbooks and horsebooks.|
Parlay provides a full range of state-of-the-art online bingo and casino software to major Internet operators worldwide. Under the agreement, IGW Software will offer Parlay’s Flash-based casino games, including a downloadable Flash-based casino version scheduled for release in 60 days, across their customer base. IGW customers include leading sports betting sites www.betgameday.com, www.vipsports.com and www.sirbet.com, as well as numerous others.
“After thoroughly reviewing the industry for casino and bingo style online gaming, IGW selected Parlay Entertainment as its strategic partner,” said Bryan Abboud, President of IGW. “Like IGW, Parlay is focused on offering tremendous value and the highest level of responsiveness to its customers. By merging the synergy of Parlay's skill-set in casino and bingo game development with IGW's strengths in sportsbook, horsebook and backoffice integration, we now offer greater revenue opportunity and diminishing administrative expenses to both current and future clients.”
“With the signing of this agreement to ‘white label’ Parlay software, we have accomplished one of our key corporate objectives for 2003,” said David Outhwaite, Parlay’s CEO. “IGW’s dedication to quality and to the success of their customers is well established, and the combination of our two companies’ software with a common back end creates an extremely powerful product offering. We’re very pleased to be associated with an industry leader such as IGW to help broaden the reach of Parlay products.”
About IGW Software
IGW Software is a wholly owned subsidiary of Global Entertainment Holdings/Equities Inc. IGW is a leading, experienced provider of innovative software and services for the online gaming industry. Founded in 1996, IGW offers online casinos, sportsbooks, horsebooks and private label sites to entrepreneurs and land-based casinos worldwide.
Global Entertainment Holdings/Equities, Inc. (OTCBB: GAMM), is a leading publicly traded holding company that provides business development support and administrative assistance for technology-driven subsidiaries that license, develop and host Internet software applications and operate web publishing sites in the online gaming sector.
About Parlay Entertainment
Parlay Entertainment Limited, a member of the DCEG Group of Companies, licenses and supports Internet gaming products and related services, and neither operates nor participates in its customers’ online gaming sites. As one of the first companies to license multi-player, pay-for-play bingo technology on the Internet, Parlay is a leader in the online bingo market, and offers a comprehensive suite of Java, Flash and downloadable bingo, casino and lottery products. Parlay is committed to customer satisfaction and the regulatory compliance of its entertainment software products worldwide.
dot com Entertainment Inc. (DCEG), www.dceg.com, is a SEC reporting issuer, the common shares of which trade on the OTCBB under the symbol DCEG. There are presently approximately 10.9 million shares outstanding.
For further information, please visit our website at www.parlaygroup.com, or contact:
David Outhwaite, Chief Executive Officer, or 905-337-8524
Sean Stokes, Investor Relations 1-888-250-3312
At IGW Software:
Clint Snyder, Chief Financial Officer 305-374-2036
Certain statements in this news release, including, but not limited to, statements containing the words “anticipates,” ”believes,” “expects,” “intends,” “will,” “may” and similar words constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the Company's current expectations and involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from any future results or performance expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include the uncertainty relating to the lawfulness of Internet gaming; dot com’s ability to profitably expand its products and services to new markets and customers; continued industry acceptance of, and the risk of technological obsolescence related to, dot com’s game systems; and, the risk associated with the generation by a single customer of a significant percentage of dot com’s revenue, including the risk of non-payment of outstanding receivables, among others.
This press release may contain forward-looking statements, particularly as related to the business plans of the Company including the use and operation of its software, its acceptance amongst dot com licensees, its acceptability to players and its operation all within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates.