Vancouver, British Columbia & Hong Kong, China--(Newsfile Corp. - January 18, 2016) - World Mahjong Limited (CSE: WSM), owners and operators of the World Series of Mahjong have signed an agreement with one of the most influential Internet-based sports companies in China — Le Sports. Le Sports will broadcast two episodes of 50-minute programs produced by WSOM that feature the 2015 WSOM Championship Main Event held on December 5 and 6, 2015 in Macau at The Venetian Macao Resort. The program will be broadcast by Le Sports in early 2016 on a variety of platforms including PC, Pad, mobile phones, Le Super TV, Le Superphone and Le Sports App.
In March 2014, the former sports channel under letv.com became independent and Le Sports Culture Develop (Beijing) Co. Ltd. was established. With event operation, content platform, smart devices and Internet service, Le Sports has managed to develop a sports ecosystem that covers an all-round sports media business.
WSOM features the best mahjong players from around the world, all competing for cash prizes in an exhilarating tournament held in Asia's entertainment capital.
"The 2015 World Series of Mahjong Championship marked an important step in our bid to organize the highest-quality mahjong tournament in the world," said Mr. Jim Mehren, President of World Mahjong Limited. "Our broadcast agreement with Le Sports in China is a significant milestone in our plan to bring the event to a larger audience of mahjong enthusiasts, especially in the largest mahjong playing market in the world, China. We look forward to working closely with Le Sports to broaden the appeal of the World Series of Mahjong."
For more information on the World Series of Mahjong, please visit: http://worldmahjong.com
Media Contacts:
World Mahjong Limited
Bill Thomas
+1 604-343-2764
bthomas@worldmahjong.com
ABOUT THE WORLD SERIES OF MAHJONG:
The World Series of Mahjong is the first, true world championship mahjong tournament that offers a significant prize purse. The tournament is open to any participant of legal age, and is promoted throughout the world. The event is owned and operated by World Mahjong Ltd.
ABOUT WORLD MAHJONG LTD:
The World Series of Mahjong is owned and managed by World Mahjong Limited. World Mahjong Limited was founded by a team of international media and entertainment professionals who are based in the Greater China region and well-versed in the management of high-profile international sporting and entertainment events.
ABOUT LE SPORTS
Le Sports is China's leading Internet-based eco-sports company. In March 2014, Le Sports was officially established based on the former sports.letv.com. The video-streaming website was therefore transformed into an eco-sports company covering the whole industrial chain with its event operation, content platform, smart devices and internet service. With the completion of its Series A funding in May 2015, Le Sports raised RMB 800 million, boosting the company's valuation to RMB 2.8 billion. Series B funding was already initiated in September 2015. Regarding its content platform, Le Sports now possesses the copyrights of over 280 sports events covering 12,000 matches per year. With its abundant sports copyright resources, Le Sports is now known as the biggest copyright empire in the industry.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
The information provided in this news release, including information incorporated by reference, may contain "forward-looking statements" about World Mahjong Limited. All statements, other than statements of historical fact, made by World Mahjong Limited that address events or developments that World Mahjong Limited anticipates may or may not occur in the future are forward-looking statements. These statements are based on information currently available and the current expectations of World Mahjong Limited and assumptions concerning future events, which are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from that which was expressed or implied by such forward-looking statements, including, but not limited to, risks and uncertainties related to: World Mahjong Limited's limited operating history, additional capital requirements and liquidity, legal and regulatory risks of operating in Asia and other foreign countries, foreign operations in Taiwan, Macau and other regions and countries, changes in consumer preferences, the availability and cost of venues, technology solutions, server capacity, and access to networks and the Internet, its operating costs, and the pricing of its products and services on the various markets in which it carries on business, World Mahjong Limited's plans to market, sell and distribute its products and services. With respect to the forward-looking statements contained herein, although World Mahjong Limited believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements, because no assurance can be given that they will prove to be correct or that the anticipated results or developments will actually be realized or, even if realized, that they will have the expected consequences to or effects on World Mahjong Limited. World Mahjong Limited undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required under securities legislation.
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