Gaming Transactions Developing New Internet Games Site; Keno.com to Be Launched as Online Gaming Entertainment Portal.BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , Calif. -- Gaming Transactions Inc. (Pink Sheets:GGTS GGTS Gravity Gradient Test Satellite GGTS Global Grid Telemedicine System ), a leading provider of online gaming See gaming. portal management, is pleased to announce that it will be launching a new version of its flagship portal, www.Keno.com, later this quarter. The Company has spent the necessary time researching the opportunities that have surfaced within the online gaming industry, and has concluded that Keno.com has excellent opportunities operated as a multi-faceted portal. As well as providing players with its exciting Keno games, the Company plans to introduce a number of other options including online versions of multiplayer Poker, Bingo, Casino games, Skill Games, Lotteries, Sports and Pari-mutuel betting. The new version of the site is currently in alpha-testing, after being developed over the later part of the summer and fall. The Company is now looking at strategic partnerships and is developing alliances with other gaming software providers. Revenues from online gambling Online gambling is a general term for gambling using the Internet. This article provides a brief introduction to some of the forms of online gambling, as well as discussing general issues. are expected to soar from $12 billion this year to $24.5 billion in 2010, according to Christiansen Capital Advisors, a Maine-based consulting firm. Patrick Smyth, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Gaming Transactions Inc., commented, "Keno.com is the official headquarters for online Keno. And now it will be more. We took a hard look at the state of the industry over the past few months and decided on a course that will provide the most benefits to the Company, while maintaining strong customer appeal. The new site will be a best-of-breed combination of popular online games including Poker, Bingo and of course, Keno." About the Company Gaming Transactions Inc. is a manager of online games and services for the online entertainment and gaming industries. The Company's central licensed games portal, www.Keno.com, is a destination online gaming website where players will be able to participate in a number of gambling and online gaming fixtures. Please visit www.GamingTransactions.com. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act of 1934 and the provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and is subject to safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by these sections. Actual results may differ materially due to a number of risks, including, but not limited to, technological and operational challenges, needs for additional capital, changes in consumer preferences, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on software providers, URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. providers, risks relating to international operations, and risks associated with competition. The Game is Here(TM). |
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