MONTREAL & BEIJING, March 14 /CNW/ - Dynasty Gaming Inc. (TSXV: "DNY";
OTCBB: "DNYFF") today announced the achievement of a major milestone in the
realization of its China strategy. Effective March 12, Dynasty's Mahjong
software was installed and commenced its required public test phase on the
Sohu portal (http://games.sohu.com/mj/index.htm) and on the MJworldcup site
(http://www.mjworldcup.com). Dynasty management hopes to receive final
approval from China's Ministry of Culture during the next three weeks, thus
opening the way for the launch throughout China of a play-for-points Internet
version of the game by early April. The Company also expects that Beijing
Junnet Science & Technology Company Limited ("Junnet"), providers of the
largest distribution network in China, will place its first order for prepaid
cards immediately following receipt of this approval. These prepaid cards will
be distributed and sold in over 7,000 Internet cafes managed by Junnet.
Albert Barbusci, chief executive of Dynasty, stated, "Securing Government
approval for our game is the final step before the onset of revenue for our
China program. The two Internet sites on which our game has been installed are
already attracting interest and Sohu is only days away from launching an
awareness campaign amongst its 100 million registered users to generate
additional player participation. Barring unforeseen delays, we are optimistic
that the play-for-points version of our Mahjong game will be available by
April 1. This will allow all players an opportunity during April and May to
qualify for seats at the live World Cup of Mahjong tournament to be held in
Macau, PRC at the end of June."
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, 212-398-3486