Fortuna Gaming Corp., (OTC Bulletin Board: FGAM.OB), ("the Company"), through its subsidiary Fortuna Gaming (UK) Limited ("Fortuna") is pleased to announce the next generation of its mobile poker: "Mobile Gold." "Mobile Gold is a new 10 hand version of our Texas Hold'em product that is available to players around the globe on the new Blackberry 8700 series," says Doug Waugh, President of the Company. "We are committed to providing our shareholders and players maximum value and with the success of the Motorola Razr and we felt it was time to broaden our player base."
"Fortuna's Mobile Gold will attract a wider 'for free' player base because of its use of the BlackBerry technology in North America," says Dallas Robinson VP Marketing. "We believe, based on Mobile Gaming Now's ('MGN'), research, that this will prove to be a lucrative move for the company, and consistent with our strategic plan, will enhance the player's experience and game satisfaction wherever their location." MGN is the developer of the mobile Texas Hold'em product.
"Gold Mobile - Texas Hold'em," a 10-hand Texas Hold'em mobile game, was built specifically by MGN for the BlackBerry 8700 series mobile phone. The BlackBerry 8700c is the first handset available in Research in Motion's ('RIM') new range of Intel-based smartphones. The 8700c is available exclusively on the Cingular network in the U.S. and the 8700r is available exclusively on the Rogers network in Canada. The 8700 is a quad-band GSM/GPRS world phone which means it should work in most places on the planet. The QVGA color LCD screen is new and improved at 320x240 pixels. It's described as the fastest BlackBerry yet.
"We're very impressed with the new BlackBerry 8700 series. With its speed, new screen size and clear graphics, we felt it would be a perfect device to launch our new Gold Mobile game," said Mark Jensen, CEO of Mobile Gaming Now. "We have a 6-hand and 10-hand game that integrates simultaneously with the PC. A player at a table can't tell if someone's playing on a PC or a mobile phone. The new Gold Mobile is a 10-hand mobile game with high quality graphics. It's our top-of-the-line mobile game. Players can also use the other BlackBerry devices to play our games."
MGN launched its full compliment of gaming sites in Q1 of this year and has announced early marketing results as being favorable. The Company has registered nearly 1,000 players in the first month of operation. Jensen said the Company expects to register approximately 150,000 members its first year which includes registrations from its Licensees. The Company also announced successful results from its search engine marketing, which is expected to generate 540,000 hits in March of this year. First year projected revenues for MGN are approximately $5.5 million. Says Jensen, "the average poker player has an approximate lifetime value of $600."
"Very clearly, the research of MGN and our own player value and engagement information are in alignment," says Doug Waugh President, "It re-enforces our commitment and our belief in the revenue potential of the company."
About Mobile Gaming Now
Mobile Gaming Now is a gaming software developer and marketer focusing on the casino gaming market. With offices in Kirkland, Washington and Vancouver, British Columbia the Company operates its own gaming sites as well as licenses its gaming platform to strategic partners. Players can play for free, play for prizes, or play for money. The Company developed the first multiplayer Texas Hold'em game for free or money with integrated PC and mobile game play.
About Fortuna Gaming Corp.
Fortuna Gaming Corp (the "Company"), through its subsidiary Fortuna Gaming (UK) Limited, ("Fortuna") headquartered in London, England, is in the online gaming business and plans to become a leading mobile and online provider for the Internet gaming entertainment industry. Fortuna's acquisition strategy is to acquire complimentary medium sized internet gaming companies operating in legal jurisdictions which will provide a rich entertainment experience for customers while adding shareholder value.
Legal Notice Regarding Forward Looking Statements
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from acquisitions or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
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