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Tangelo Games Corp. IPRSF

"Tangelo Games Corp is engaged in developing and selling social casino games. The company primarily designs, develops and distributes social casino-themed games within online social networks such as Facebook, Mobile platforms, Portal and other. It derives revenue through the in-game sale of virtual coins most of it is accounted through Facebook."


GREY:IPRSF - Post by User

Bullboard Posts
Post by Birpind1on Jan 13, 2014 9:38am
164 Views
Post# 22084048

news

newsISIS Lab Signs Agreement With Microgame S.P.A. to Power Online Italian Gaming Sites With Its Bingo Platform TORONTO, ONTARIO--(Marketwired - Jan. 13, 2014) - ISIS Lab Inc. (TSX VENTURE:LAB) (the "Company" or "ISIS"), is pleased to announce that it has entered into an agreement with Microgame SPA, ("Microgame") to deliver, subject to obtaining necessary regulatory approvals, its bingo gaming platform and related services to current and future operators serviced by Microgame. Highlights •Once the ISIS Bingo Platform is launched under the terms of the agreement, it is expected to be on 125 online Italian gaming sites, catapulting an immediate footprint into Italy. •Will make Isis' product available to significant amount of real money players across the Microgame platform. •Microgame's customers generated gross gaming turnover of EUR1.5 billion in 2013. The agreement with Microgame enables ISIS Lab to enter what is considered to be one of the world's largest, fully regulated online gaming market while providing Microgame a significant competitive advantage with its cutting edge Bingo platform to its customers. Microgame, a leader in the regulated Italian online gaming sector, utilizes today's most innovative technologies, high quality products and services to fully focus on, and meet the requirements of its operators, enabling them to provide best in class gaming experiences to their discerning customers. Microgame is fully licensed by the Italian Gaming Authority, the Autonomous Administration of State Monopolies (the "AAMS") to operate in what is considered to be one of the most regulated, profitable and largest online gaming markets in the world. The agreement has a term of two years and is subject to the approval of the TSX Venture Exchange and AAMS. Subject to receiving the necessary regulatory approvals, ISIS expects to launch the platform, entering the exciting Italian Online Gaming markets, in the first quarter of 2014. "Microgame is the largest provider of games and services within the regulated Italian Market. We are extremely pleased that Microgame has chosen ISIS Lab's Bingo platform to power its network," said Daniel Kajouie, Chairman, President and CEO of ISIS. "This agreement will create a large and immediate footprint for Isis in the Italian Market and our partnership with Microgame confirms ISIS as the strong technology provider in the Gaming and Social Media arena." "Isis Lab's experience and expertise in online Bingo is second to none," said Marco Castaldo, General Manager of Microgame. "Through our partnership we believe we will offer our Italian customers the best platform available and look forward to significant growth in our Bingo revenues."
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