MANAGED GAMING SOLUTIONS PLC
Mobile Gaming Solutions Signs a Strategic Joint Venture Agreement Related to Operation of Mobile Lotteries in South-America, Near-East and Africa / First project in Peru Underway
MOBILE GAMING SOLUTIONS PLC / Joint Venture 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 17, 2008 - Mobile Gaming Solutions Plc (MGS), a leading provider of mobile and interactive TV gaming, today announced it has signed an agreement with two partners to form a strategic Joint Venture named 'Mobile Holdings Systems (Cyprus) Ltd', which will focus on developing and operating licensed mobile lotteries in Central and South-America, Near-East and Africa. The strategic partners of MGS for this venture, Systems Middle East & Africa (Cyprus), and Silverstrings Investments N.V., are owned and operated by experienced and well-known business professionals from the US and Latin America, with a very strong track record in various industries in said regions. In addition, the joint venture partners have strong expertise in the gaming sector, and can therefore provide a unique access to decision makers in these areas of expertise in the relevant countries. The joint venture is already preparing the launch of its first project in Peru. Through Galena, its affiliate in Peru, the joint venture will first operate a mobile raffle, in co-operation with a leading mobile telecommunication provider, and then aims to expand into other licensed mobile games of chance. The operations in Peru are expected to start in late Q1/ early Q2 2008 with first SMS Raffle drawings, and then a complete suite of lotto and other games of chance to be played via SMS shall follow. Other projects are expected to follow in short, both in South-America and the Near-East. MGS will be the exclusive mobile gaming technology provider to the joint venture. 'We are very pleased with the establishment of this joint venture. Together with our partners, we aim to obtain several licenses for the operation of lottery or lottery-like games in the said regions within the next 24 months. We are in fairly advanced discussions in some attractive countries already. Next official government licenses are expected in short in Near-East, where the joint venture will launch customised mobile games, compliant with local regulations and practice', said Juha Kiikeri, CEO of Mobile Gaming Solutions. Kiikeri continued: 'The Peru project is already attractive stand-alone – we will be the first venture to operate a mobile game of chance in the country; the Peruvians are knowledgeable in mobile applications, and do have a strong tradition with gambling, so we expect our product to be well received by the consumers. There are around nine million registered mobile users in this country with a 28.7 million total population. We expect to create a high brand recognition for our product from the start, and good revenues already during the first half of 2008 – and then to leverage on this experience by introducing additional games, and by expanding into other markets.' 'Most importantly, this joint venture allows MGS to further develop our strategy of partnering in licensed gaming operations; so MGS is not only the selected technology partner, but also license co-owner, which opens an attractive additional value creation potential from MGS perspective.' 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 directly: 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 handsets. 17.01.2008 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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