Plaor, Inc., a wholly-owned subsidiary of vertical interest
social media network CrowdGather, Inc. (OTCQB:CRWG), announced today
that it has received certain exclusive social casino rights from Side
City Studios, Inc. for three video slots, the first of which is
expected to launch in the first quarter of 2015.
Plaor, Inc. is licensing video slot content for use in its Mega
Fame Casino & Slots™, providing innovative and
entertaining gaming content to users by bringing popular slot games from
partners like Side City Studios to social and mobile platforms. “We are
proud to be partnering with Side City Studios for the continued
expansion of our premium slot catalog”, said Richard Corredera, Chief
Operating Officer of CrowdGather.
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About Side City Studios, Inc.
Based in Montreal, Canada, Side City Studios is a third party developer
for land based, online and social gaming markets. The company provides
full service turnkey solutions to some of the largest gaming companies
and, through its partners, Side City Studios distributes its games
globally. With its emphasis on high quality premium graphics and unique
math models, Side City Studios has developed top performing content.
About CrowdGather, Inc.
With its growing portfolio of special interest forums and enthusiast
message board communities, CrowdGather (www.crowdgather.com)
has created a centralized network to benefit forum members, forum
owners, and forum advertisers. CrowdGather provides a highly interactive
and informational social network for members, a management and
revenue-sharing resource for third-party forum owners, and a largely
untapped advertising network for marketers worldwide.
CrowdGather subsidiary, Plaor,
a company that specializes in developing highly scalable multi-platform
games, is located in the heart of Boston's fast growing Innovation
District. Plaor produces Mega
Fame Casino, an innovative and highly rated social casino available
on iOS, Android & desktop. With over 20 employees, the Plaor team is a
mix of rising-star newcomers and widely-recognized game development
veterans from companies including Rockstar Games, Turbine, Harmonix,
Irrational Games, Nanigans, Sony Online Entertainment, ThoughtWorks,
THQ, and Caesars Interactive Entertainment.
About Mega Fame Casino & Slots™
Mega Fame Casino & Slots™ is a high quality social
casino available now on Facebook, iOS, and Android. Users can play more
than a dozen unique slot themes, four types of Hold’em poker, video
poker, along with the innovative MegaFame Blvd. Mega Fame Casino &
Slots™ features more than 300 celebrities and offers weekly
celebrity tournaments bringing truly unique star-studded experiences to
social games. Based on Plaor’s unaudited financial statements and
without the benefit of marketing and advertising resources CrowdGather
will provide, Mega Fame Casino & Slots™ currently has
more than 20,000 daily active users and generates approximately $1
million in annualized revenues.
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended) concerning future
events and the Company’s growth and business strategy. Words such
as “expects,”“will,” “intends,” “plans,” “believes,” “anticipates,”
“hopes,” “estimates,” and variations on such words and similar
expressions are intended to identify forward-looking statements.
Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, no assurance can be given
that such expectations will prove to have been correct. These statements
involve known and unknown risks and are based upon a number of
assumptions and estimates that are inherently subject to significant
uncertainties and contingencies, many of which are beyond the control of
the Company. Actual results may differ materially from those expressed
or implied by such forward-looking statements. Factors that could
cause actual results to differ materially include, but are not limited
to, changes in the Company’s business; general economic, industry and
market sector conditions; the ability to generate increased revenues
from the Company’s forums and Plaor’s social casino; the ability to
obtain additional financing; the ability to manage the Company's growth;
the ability to develop and market new technologies to respond to rapid
technological changes; competitive factors in the market(s) in
which the Company operates; and other events, factors and risks
disclosed from time to time in the Company’s filings with the Securities
and Exchange Commission. The Company expressly disclaims any obligations
or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in the
Company’s expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
Copyright Business Wire 2014