Playit Ownit Management Team Revolutionises Online Poker
By staff
August 25, 2005 (London, UK) - Behind every groundbreaking new idea is a bright entrepreneurial management team, and PokerShare.com (www.pokershare.com) is no exception. Playit Ownit Limited, the company behind the next generation poker site PokerShare.com, creates the world’s first poker site that players own. In the next 12 months, this revolutionary concept is expected to propel PokerShare into the top 10 list of online poker sites.

Playit Ownit Limited was founded earlier this year with the launch of PokerShare.com. The group has set up a software agreement and license with a third party and has servers located in the Kahnawake Mohawk Territory.

PokerShare.com is led by CEO Lucan Toh and Director Max Wright and backed by Mr. Stephen Forsyth and his associates. Lucan Toh left Procter & Gamble in 2004 to join ICC PLC and he currently sits on the board of Library of Life PLC and TFK Investments Ltd. Max Wright, an ex-City Trader from UBS Warburg and Van Der Moolen, brings his wealth of poker knowledge with his solid mathematics and financial background.

Mr. Stephen Forsyth, Chairman of Playit Ownit Limited is the driving force behind an extensive repertoire of companies that spans over 30 countries, including several ventures in gaming. Forsyth believes this is the future of online poker: “Our concept is clear-cut and built for the players with their needs in mind. PokerShare fills a gap that no other serious poker site has and is going above and beyond standard loyalty schemes.”

PokerShare.com will operate as a normal poker website – with a significant twist. It will release 40 percent of its company’s overall profits back to the players. When you play on PokerShare.com you earn SharePoints from the length of time you play, the number of pots you play and from playing in tournaments. SharePoints then relate to the total percentage of the profit share you receive.

“Dividends paid to players will be divided quarterly depending on each player’s participation on the site, rewarding players that play most regularly with the largest share of the profits. To ensure fairness, the Gibraltar-based Poker Share Trust has been established to administer payments to players. It’s a concept expected to hold strong appeal with high end users looking to be rewarded for their loyalty,” explains PokerShare Trust Chairman Stefan Taylor.

The PokeShare Trustees are:

Stefan Allesch Taylor is the Chairman of PokerShare Trust. Stefan has served as a director of several public companies both in the UK and US. Throughout his career he has gained broad commercial experience in the property, industrial, medical technology, real estate and financial sectors and is regulated by the United Kingdom Financial Services Authority.

British-born Alan Gravett progressed through the ranks of Barclays Bank Trust Company Ltd to become Managing Director in 1985. By 1993 Alan had joined Prime Trust where he has remained Director responsible for the administration of international companies and trusts.

Howard Moss has served as a trustee to several family trusts. He has served as director of numerous companies representing investor’s interests in the chemical, property and technology sectors.

ENDS

For more information about PokerShare or for interview opportunities, please contact:

Melissa Ross

Lyceum Media on behalf of PokerShare.com

+44 (0) 207 828 6988

Melissa@LyceumMedia.com

Notes to the Editor:

About PokerShare.com (www.PokerShare.com)

Play it, Own it. PokerShare.com is the world’s first online poker room to offer its users the opportunity to own a percentage of the company’s profits. PokerShare.com Limited (UK) is a wholly owned subsidiary of PlayIt OwnIt Limited. PokerShare.com is powered by Excapsa, one of the largest online poker networks, which includes top sites such as UltimateBet.com and UltimatePoker.com.

How the concept works

When you play on PokerShare.com you earn SharePoints from the length of time you play, to the number of pots you contribute and from tournament fees. SharePoints entitle you to a percentage of the company’s profits.

40% of the company’s profits go directly into a Gibraltar-based Trust. The Trust distributes dividends to players relative to the number of SharePoints earned.

 
 
 
 
 
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