MANAGED GAMING SOLUTIONS PLC
Managed Gaming Solutions Launches Mobile Lotto in Venezuela
MANAGED GAMING SOLUTIONS PLC / Product Launch Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- London, March 19, 2009 - Managed Gaming Solutions Plc (MGS), a leading provider of mobile and interactive gaming solutions, and its Venezuelan partner Grupo MVTV C.A., a Venezuelan privately owned lottery operator acting under the brand name 'Teleloteria SC', are pleased to announce the successful launch of its mobile lottery service in Venezuela. According to a previously signed agreement, the lottery operator uses MGS as exclusive system and service provider in Venezuela. Grupo MVTV started its mobile lotto marketing activities with carefully selected media set-up during the week 11, while the first official lottery draw was televised live from Caracas on Wednesday 18th of March at 10pm local time, with a very positive acceptance of the TV audience. Marketing communications are being currently heavily increased to cover all impactful Venezuelan media and to be followed by weekly televised live lottery draws. Venezuela is a country with population approaching 30 million people and most importantly, more than 75 % of the adult population plays traditional lottery games on a regular basis. Also, over 27 million mobile users provide significant opportunities for successfully running mobile lottery services. 'We are very pleased to announce that our new lottery product in Venezuela had a smooth launch, and look forward to proving it as a yet another success story of MGS in Latin America', explains Tero Turunen, Executive Chairman of Managed Gaming Solutions. 'Venezuela is a very promising market that offers huge opportunities for our products, but at the same time the gaming industry also faces some challenges due to unlicensed lottery operators organizing illegal games. Therefore, it is very important, that MGS and Grupo MVTV have been granted a license for mobile lottery games by the government. The most convincing argumentation for granting the license has been our fully auditable lottery operations, where every single lottery ticket sales can be easily audited by the government in order to ensure that the lotteries are played according the governmental regulations. Based on this promising start, we plan to launch further games together with Grupo MVTV in Venezuela', Turunen added. For more information about the company and its services and products offered please visit www.mgscorporation.com. For any further information, please contact our Investor Relations Team directly: esVedra consulting GmbH Metis Tarta-Steck t: +49. 89. 28 80 81 33 f: +49. 89. 28 80 81 49 info@esvedragroup.com www.esvedragroup.com About Managed Gaming Solutions Plc Managed Gaming Solutions Plc (former Mobile Gaming Solutions Plc) is a technology & service provider for mobile and interactive gaming. The company provides its customers with complete gaming solutions for a variety of cross media platforms. The main focus lies on lottery games, games of chance, betting and casino games played via mobile handsets. 19.03.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: MANAGED GAMING SOLUTIONS PLC 27/28 Eastcastle Street W1W 8DH London Großbritannien Phone: +44 208 133 6878 Fax: +44 207 250 3559 E-mail: info@mgscorporation.com Internet: www.mgscorporation.com ISIN: GB00B1QKRY38 WKN: A0MKW8 Listed: Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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