MANAGED GAMING SOLUTIONS PLC
Mobile Gaming Solutions and Topgain Investments acquire a control stake in a mobile lottery company in Romania
MOBILE GAMING SOLUTIONS PLC / Acquisition 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, January 09, 2008 – Mobile Gaming Solutions Plc ('MGS'), a leading provider of mobile and interactive gaming solutions, and its Joint Venture partner Topgain Investments, a Cyprus-based company focussing on the development of mobile premium content businesses in South-East Europe, have acquired a majority stake in the Romanian company Mobile Centric Applied Technologies S.R.L. ('MCAT'), which holds an exclusive license for the operations of a mobile lottery in Romania. MCAT will operate its own mobile lottery product in Romania under the brand name 'Europlay SJ', which shall be broadcast through television. Europlay SJ is based on an innovative, letter-based SMS lottery game concept, embedded into an attractive and advanced media strategy. The Europlay SJ lottery game is extremely easy to play and is tailored for creating high synergy effects from the use of mobile telephones with television. Launch of the operations in Romania, with first draws, is expected for end of Q1 / beginning of Q2 2008. 'This agreement is of great strategic importance to us and our joint venture with Topgain Investments. This will be the first major European lottery operations that we as a company are involved in. We believe that this opportunity is highly attractive, since firstly it is a first-to-market integrated lottery-and-entertainment concept utilising mobile telephone technology, and secondly with Romania we are entering into a major market. After a successful launch in Romania, together with our joint venture partner Topgain, we aim to expand with this product into other regions in South-East Europe – our Joint Venture is already in negotiations related to the launch in a second major country', comments Juha Kiikeri, CEO of Mobile Gaming Solutions. 'Most importantly though, in this Romanian endeavour, we are not acting as pure technology solution partners to an operator, but moreover as co-operators of the lottery license. Together with the Topgain team, we can add the experience and specific product and technology know-how that are needed to make the Romanian operations a success. We believe that with this broadened business model, we can create incremental value generation opportunities for the benefit of our shareholders in the future. We envisage applying this business model in several other situations in 2008', Kiikeri added. The majority stake the Joint Venture acquired in MCAT is 55 %, but may be increased under specific step-up provisions. The remaining 45 % are held by Mobile Centric Applied Technologies Ltd ('MCAT UK'), who have initiated the Romanian project. The parties have agreed to treat other details of the transaction as confidential. You can find more information about the company, its services, products and business operations on the company’s website www.mobilegamingsolutions.net. For any further information, please contact our Investor Relations Team: esVedra consulting GmbH Metis-Corinna Tarta t: +49. 89. 28 80 81 33 f: +49. 89. 28 80 81 49 info@esvedra-consulting.com www.esvedra-consulting.com About Mobile Gaming Solutions Plc Mobile Gaming Solutions Plc is a technology & service provider for mobile and interactive TV gaming. The company provides its customers with complete gaming solutions for a variety of cross media platforms, the main focus is on gaming platforms and SMS and interactive TV games of chance, betting and casino games played via mobile hand sets. 09.01.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: MOBILE GAMING SOLUTIONS PLC 1 Carthusian Street EC1M 6DZ London Großbritannien Phone: +44 203 102 8762 Fax: +44 207 250 3559 E-mail: info@mgscorporation.com Internet: www.mobilegamingsolutions.net ISIN: GB00B1QKRY38 WKN: A0MKW8 Listed: Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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