MONTREAL, March 15 /CNW/ - Dynasty Gaming Inc. (TSXV: DNY) (OTCBB: DNYFF)
today announced the signing of a Letter of Intent with the Quebec-based parent
company of Gametronix Systems Inc. ("Gametronix"). Under this agreement,
Dynasty will earn fees or royalties for assisting Gametronix to successfully
commercialize its different types of gaming terminals and its dealer-less
poker table, branded as "Pokermate", within various markets. Dynasty's
assistance will take the form primarily of introductions to Dynasty's network
of gaming operators, as well as various owner/operators of Internet gaming
Albert Barbusci, chief executive of Dynasty, stated, "We believe
Gametronix has developed a number of gaming products that could be very
successful. By providing Gametronix with introductions to some of the
important gaming operators with whom Dynasty has relationships, we may be able
to generate an additional stream of income."
Gametronix Systems president, David Baazov, said, "We recognize the
impressive and valuable network of relationships Dynasty has established in
the gaming industry. By accessing these links, through this arrangement with
Dynasty, we are hopeful of accelerating the introduction and launch of our
terminals and gaming products."
The TSX Venture Exchange has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved of the contents
of this news release.
This press release contains certain forward-looking statements with
respect to the Corporation. These forward-looking statements, by their nature,
involve risks and uncertainties that could cause actual results to differ
materially from those contemplated. We consider the assumptions on which these
forward-looking statements are based to be reasonable, but caution the reader
that these assumptions regarding future events, many of which are beyond our
control, may ultimately prove to be incorrect.
About Dynasty Gaming Inc.
Through its wholly owned subsidiaries, Dynasty Gaming is aggressively
pursuing agreements with major companies in the People's Republic of China for
the development, marketing and distribution of government-approved online
applications for its proprietary Mahjong software. Success to date includes
the establishment of a relationship with Beijing Junnet Science and Technology
Company Limited (www.junnet.cn), one of the largest prepaid card distributors
in China, for the marketing and distribution of prepaid cards for accessing a
play-for-points version of Mahjong on sites in China. Dynasty has also entered
into a formal agreement with Sohu.com Inc. (www.sohu.com), one of China's most
widely used interactive online sources for information, entertainment and
communications incorporating a leading portal with more than 100 million
Dynasty's relationship with Sun Media Investment Holdings ltd.
(www.chinasunmedia.com), China's largest privately owned multi-media provider,
represents a powerful channel through which to create enhanced awareness of an
online version of Mahjong, a national sport in China. Agreements also exist
with Betex (www.betexgroup.plc.uk) covering sports lotteries and SSI
(www.sino.com) covering welfare lotteries, which further expand the range of
distribution channels through which Dynasty-sourced content will be marketed
and managed in China. An agreement with Las Vegas From Home.com Entertainment
Inc. (www.lvfh.com) allows Dynasty to provide all of its marketing channel
partners with its own Mahjong game together with LVFH's full suite of popular
Asian-style specialty games. Commencement of multi-site online play of mahjong
in China is expected to begin on April 1, 2007. Competition for seats at a
World Cup of Mahjong event, scheduled for June 2007 in Macau, PRC, will serve
as an incentive for a large universe of players.
Dynasty Gaming's 91.7 million common shares, issued and outstanding, are
widely held by Canadian and U.S. investors. Full information on Dynasty Gaming
can be found at www.dynastygaming.com.
For further information:
For further information: Dynasty Gaming Inc. Albert Barbusci,
514-288-0900 Ext. 224 or Alliance Advisors, LLC Thomas Walsh, 646-415-8321 or
Gametronix Systems Inc. David Baazov, 514-744-3122 x 105