MANAGED GAMING SOLUTIONS PLC
Mobile Gaming Solutions signs Definite Agreement with its New Venezuelan Customer
MOBILE GAMING SOLUTIONS PLC / Contract 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, May 29, 2008 – Mobile Gaming Solutions Plc (MGS), a leading provider of mobile and interactive gaming solutions, announced today that it has signed a definite agreement with Grupo MVTV C.A., a Venezuelan privately owned lottery operator acting under the brand name 'Teleloteria SC'. The agreement covers SMS, TV and online based lottery and lottery-like products, and shall be extended to other money game TV formats. The lottery operator wants to use MGS as exclusive system and service provider in Venezuela and plans to launch the operation of MGS products in the next few months. In a first phase, Teleloteria SC will launch the SMS based lottery products, involving also a larger media set-up including TV broadcast. In addition, Teleloteria SC aims to offer further products together with MGS in Venezuela, like different scratch card games and other TV/online casino games. Venezuela has an estimated population of more than 26.5 million people, and more than 75% of the adult population play traditional lottery games on a regular basis. Also, the mobile phone penetration rate is very high. 'We are very pleased with this new project. The Teleloteria SC team is very professional, and has a fabulous access to the Venezuelan market. We are convinced that together we can develop very short-term opportunities in the area of licensed lotteries in Venezuela, meaning that first products should be launched in second half of 2008', explained Juha Kiikeri, CEO of Mobile Gaming Solutions. 'This agreement marks the beginning of a promising relationship, and yet another important step for MGS in the South-American markets', Kiikeri continued. 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 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. 29.05.2008 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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