Texas Holdem," a 10-hand Texas Holdem' mobile game builtspecifically for the Blackberry 8700 series mobile phone. The BlackBerry8700c is the first handset available in Research in Motion's (RIM) newrange of Intel-based smartphones. The 8700c is available exclusively on theCingular network in the U.S. and the 8700r is available exclusively on theRogers network in Canada. The 8700 is a quad-band GSM/GPRS world phonewhich means it should work in most places on the planet. The QVGA colorLCD screen is new and improved at 320x240 pixels. It's described as thefastest Blackberry yet.
"We're very impressed with the new Blackberry 8700 series. With the speedof the device, the new screen size and the clear graphics we felt thedevice would be a perfect device to launch our new Gold Mobile game," saidMark Jensen, CEO of Mobile Gaming Now.
Mobile Gaming Now builds PC and mobile games in the casino games arena.The Company's first product is Texas Holdem', which can be played on the PCsimultaneously with the mobile phone. Because there are approximately2,500 different phone devices used worldwide the Company developeddifferent levels of games.
WAP-Mobile Texas Holdem' is a text-based version of the game available on aWAP page and is accessible by nearly every phone with wireless Internetaccess. Bronze Mobile has limited graphics and can be used by most mobilephones. Silver Mobile has simple but attractive graphics that can beplayed by most smartphones and other phones with a larger screen size. Thenew Gold Mobile will be available only to large screen smartphones startingwith the Blackberry 8700.
"We have a 6-hand and 10-hand game that integrates simultaneously with thePC. A player at a table can't tell if someone's playing on a PC or amobile phone. The new Gold Mobile is a 10-hand mobile game with highquality graphics. It's our top-of-the-line mobile game. Players can alsouse the other blackberry devices to play our games. The list is availableat our websites."
Jensen said Gold Mobile is available on the Company's three gamingwebsites. Play-for-free Texas Holdem' is at www.mgnpoker.net.Play-For-Prizes Texas Holdem' is at www.mgnpoker.biz. Play-For-Money TexasHoldem' is available at www.mgnpoker.com. Mobile Gaming Now's corporatewebsite is www.mobilegamingnow.com.
The Company launched its full compliment of gaming sites in Q1 of this yearand has announced early marketing results as being favorable. The Companyhas registered nearly 1,000 players in the first month of operation.Jensen said the Company expects to register approximately 150,000 membersits first year which includes registrations from its Licensees. TheCompany announced successful results from its search engine marketing,which is expected to generate 540,000 hits in March of this year. Firstyear projected revenues for the Company are approximately $5.5 million. Hesaid the average poker player has an approximate lifetime value of $600.
"We generate revenue from our gaming sites and our licensing fees. We'velaunched our full compliment of gaming sites and Texas Holdem' products forPC and mobile phones. We're now entering our marketing phase where wecreate site traffic, registrations and revenues. It's an exciting time forour Company as we roll out our products and build memberships," Jensensaid.
About Mobile Gaming Now
Mobile Gaming Now is a gaming software developer and marketer focusing onthe casino gaming market. With offices in Kirkland, Washington andVancouver, British Columbia the Company operates its own gaming sites aswell as licenses its gaming platform to strategic partners. Players canplay for free, play for prizes, or play for money. The Company developedthe first multiplayer Texas Holdem' game for free or money with integratedPC and mobile game play.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term isdefined in Section 27A of the United States Securities Act of 1933, asamended, and Section 21E of the United States Securities Exchange Act of1934, as amended. Statements in this press release, which are not purelyhistorical, are forward-looking statements and include any statementsregarding beliefs, plans, expectations and/or claim, as applicable, that:(i) Company has registered nearly 1,000 players in the first month ofoperation; (ii) Company expects to register approximately 150,000 membersits first year (iii) Company expects to generate 540,000 hits in March ofthis year; (iv) First year projected revenues for the Company areapproximately $5.5 million; (v) Average poker player has an approximatelifetime value of $600.
Actual results could differ from those projected in any forward-lookingstatements due to numerous factors. Such factors include, among others: (i)the risk that current or future licensees of the Company's products arerestricted by laws or regulations concerning gaming or related activities;(ii) the inability of the Company to license its products to licensees as aresult of disputes over terms; (iii) the inability of the Company to keeppace with technological advancements in the mobile entertainment industry;(iv) the Company's software not operating as expected; (v) the Companysuffering technological problems that the Company cannot economicallyrepair; (vi) the Company not being able to retain key employees; (vii)competitors providing better or cheaper products; (viii) markets for theCompany's products not developing as expected; (ix) the Company's inabilityto finance its operations or growth. These forward-looking statements aremade as of the date of this news release, and the Company assumes noobligations to update the forward-looking statements, or to update thereasons why actual results could differ from those projected in theforward-looking statements. Although the Company believes that the beliefs,plans, expectations and intentions contained in this press release arereasonable, there can be no assurance those beliefs, plans, expectations,or intentions will prove to be accurate. Investors should consider all ofthe information set forth herein and should also refer to risk factorsdisclosed in the Company's periodic reports filed from time-to-time withthe Securities and Exchange Commission and available at www.sec.gov.
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For more information, please contact:MGN Technologies, Inc.604-602-9596or 1-888-602-9596
SOURCE: MGN Technologies, Inc.