Parlay Entertainment Inc. ("Parlay")(TSX VENTURE: PEI), the world's leading supplier of Internet bingo solutions, announced today that it has filed with the TSX Venture Exchange a notice of its intention to make a normal course issuer bid for its common shares (" Common Shares ") through the facilities of the TSX Venture Exchange (the " Notice "). The shares will be purchased for cancellation.
Parlay may, during the twelve-month period commencing October 16, 2006 and ending on October 15, 2007, purchase on the TSX Venture Exchange up to 666,226 Common Shares, being approximately 5% of the issued and outstanding Common Shares in the share capital of Parlay. The price that Parlay will pay for any such Common Shares will be the market price at the time of acquisition and any Common Shares purchased under the normal course issuer bid will be cancelled. The actual number of Common Shares that may be purchased and the timing of any such purchases will be determined by Parlay. As of the date hereof, there are 13,324,515 Common Shares of Parlay issued and outstanding.
Parlay considers the normal course issuer bid to be in the best interest of the Corporation and its shareholders. Parlay believes that there may be times over the course of the year when its Common Shares may trade in a price range that does not adequately reflect their value in relation to Parlay's business and its future business prospects. As a result, depending on future price movements and other factors, Parlay believes that its outstanding Common Shares may represent an attractive investment and a desirable use of a portion of its available funds.
A copy of the Notice may be obtained by any shareholder of Parlay, without charge, by contacting Parlay's head office.
For more information on Parlay solutions and services, please visit our Web site at www.parlaygroup.com
This document may contain statements about expected future events and/or financial and operating results of Parlay Entertainment Inc. that are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions and other forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements.
© 2006 by Parlay Entertainment Inc.
The TSX Venture Exchange does not accept any responsibility for the adequacy or accuracy of this release.
Contacts: Parlay Entertainment Inc. Scott White CEO (905) 337-8524 Email: swhite@parlaygroup.com
Parlay Entertainment Inc. David Callander CFO (905) 337-6516 Email: dcallander@parlaygroup.com Website: www.parlaygroup.com
SOURCE: Parlay Entertainment Inc.
In addition to online casino news hot off the presses, OCN shows you the best first deposit bonuses at the best online casinos on the web. We've spared you the search by putting together a list of the latest and greatest first deposit bonuses around. So, all you have to do is click and enjoy!
| Name | First Deposit |
|---|
| 1000% |
| up to 350$ |
| 150% up to $150 |
| 300% uo to 300€ |
| 100% match upto $200 |
| 500$ |
Most Recommended Casino Books
Reuters reported recently that the United States is not worried about having to pay $100 billion in ...
The release of a new game is always a special event in the gambling industry, but when Microgaming, ...
The sixth annual European i-Gaming Congress and Expo got underway at the spacious Barcelona Diagonal...
The United States government released proposed guidelines for the Unlawful Internet Gambling Enforce...
On October 1, 2007 the Federal Reserve and the Department of the Treasury released their joint repor...
Although the passage of the UIGEA last year made it difficult for American players to gamble online,...
Are the new lax gambling laws causing more and more Britons to be under the sway of compulsive gambl...
You may have a surprise in your Full Tilt Poker Account today! After recent allegations that bots we...
Coming off a 26th-place finish at the World Series of Poker, Rancho Mirage's Roy Winston won the Bor...
But the Gloucester Township homemaker never expected another fight -- this time with bureaucrats -- ...
It should come as a surprise to no one that charity-poker games have emerged in recent years as an i...
Spurred by the three-month success of high stakes poker, the Naples-Fort Myers Greyhound Track’s pok...
Online Casino Group Betfair has announced that it has boosted its IT energy efficiency to support it...
Rumors have been circulating for a while now about the future of 32Red.com and its Gibraltar-based B...
CryptoLogic has announced that they have received exclusive rights to make slots and other casino ga...
Since the beginning of the U.S. Presidents first term, the Bush administration has been trying to ke...
The coastal casino in the State of Mississippi have had a diffilcutl few years, yet it seems that th...
Her Majesty Queen Elizabeth II recently found that not only was she one of the most richest women in...
It seems that there is no limit to how low some online casinos can go in order to secure a profit. V...
After a 10-month investigation into the slimy world of Internet "casinos or sports books", Americas ...
It looks like the team behind Online-Casinos.com want to make their online casino portal a fun place...
Positive Experience Begins Even Before Guests Step Out of Their Cars at Harrah's, St. Louis Casino &...
Penghu, a set of islets off Taiwan, is trying to be the next Macao by building a casino town to lure...
The battles against the draconian UIGEA seems to be gaining momentum in the world courts. Here are t...
The Online Casino industry has experienced the worst setback that it ever has since UIGEA. However, ...
The recent British Online Gambling Act has sent the online casino industry into a flurry of exciteme...
As agreed by all interested parties, the hearing that was to take place on the issue of repealing th...
eCOGRA, the world's Internet Pilce Officer, has announced that it approves of the measures taken in ...
Playtech has announced that its Cheif Financial Officer, Shuki Barak, is leaving the group. ...
The Gambling Act is the first peice of legislation that has been passed in the UK about gambling. Wh...
Have you committed a crime in order to pay gambling debts? When you gamble, do you go back another d...
America’s Attorney General Alberto Gonzales has at long last bowed to pressure and has resigned from...
As of today, online gambling in the United Kingdom, as well as advertising from online casino operat...
PartyGaming PartyGaming published their first-half interim results this week, reporting an expected ...
In papers filed today, the US District Court of New Jersey, Trenton Division, has granted a motion o...
Malta is the next online casino superpower, it seems. Here is the storty how a little country draws ...
For some addicts, a casino can be the root of all evils. For others, a fix can come from visiting th...
The new piece of legislation banning advertisements in the UK has caused some stir in the online gam...
Pachinko has become one of the most popular games in the world. Here are a few tips that will help y...
| Name | Payout | |
|---|---|---|
 |
Club Vegas USA | 99%
|
 |
||
 |
Club USA Casino | 97.5%
|
|
||
 |
Cool Cat Casino | 98%
|
|
||
 |
Rushmore Casino | 97.2%
|
|
||
 |
Super Slots | 98.9%
|
|
||
 |
Las Vegas USA | 97.33%
|
|
||
Online Casino News - news
from the world of
online casinos RSS Feed.
The OCN directory is currently in development and will be available soon. If you are interested in adding a link, just click on the “Add Link” button. Thanks for your patience.
You do not need prior permission to link to any of the pages on this site. Limited copyright is granted for you to use and/or republish any of the articles on this site for any legitimate media purpose as long as you reference OCN as the source, and include a link referring the reader to the OCN site.