Gaming Transactions Inc. Launches New Version of Keno.com.LONDON -- Keno.com Ltd. (UK), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Gaming Transactions Inc. (Pink Sheets:GGTS GGTS Gravity Gradient Test Satellite GGTS Global Grid Telemedicine System ) and a leading provider of online gaming portal management, is pleased to announce that it has launched a new version of Keno.com. Keno.com features a number of games including Blackjack, American Roulette, Video Poker, Classic Slots, Craps and 35 other games operating on licensed transactional software, provided and managed by RedFelt Software Ltd. (UK), a subsidiary of CYOP CYOP Create Your Own Path Systems International Inc. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CYOS). 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 Keno.com Ltd., commented, "We are ecstatic to have launched the new software, and will begin marketing immediately. The platform, on which Keno.com resides, is resilient, provides players with entertaining games and allows us to expand and grow. This is the first version of games, and we will be rolling out our new Keno games and Progressive Keno in the very near future." The global online gaming market has experienced rapid growth since its establishment in the 1990s but remains relatively immature. For the five-year period from 2005 to 2009, it is estimated that revenues generated by the global online gaming market will increase to approximately $22.7 billion, representing a compound annual growth rate of approximately 22 per cent. By 2010, the online gaming industry will surpass USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $25 billion. About the Company Gaming Transactions Inc. is a developer and provider of online casino games and portals for the internet gaming industry. The Company's central licensed games site, www.keno.com, is a destination gaming portal where players may participate in a number of gambling and online gaming fixtures. Please visit www.gamingtransactions.com. This press release may contain forward-looking statements which are pursuant to the safe harbor 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. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming, risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on third party software providers, risks relating to international operations, and risks associated with competition. The Game is Here.[TM] |
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