Gaming Transactions Inc. to Launch Keno in September; Keno.com Beta Version Has 15,000 Players.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 confirm that it will launch the new version of Keno.com next month and is gearing up now for a strong promotional effort. The Beta version of Keno.com has over 15,000 members now and they will be the foundation of the company's marketing for the new site. The company has a number of exciting promotions and give-a-ways that will coincide with the commencement of operations. Keno.com utilizes casino software provided by RedFelt Software Ltd. (UK), a subsidiary of CYOP CYOP Create Your Own Path Systems International Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYOS CYOS Create Your Own Story ). 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, "September is historically the start of the iGaming season, which should provide us with excellent traffic from day one. We intend to use a number of marketing tactics that have been honed over the past few years by our experienced crew. Keno is a form of lottery, and online lotteries are in a growth phase and are expected to surge from a current 10 percent of the iGaming market to 27 percent by 2010. That means the value will increase from $1.5 billion in 2005 to $6.75 billion in 5 years, a growth rate of 70% per annum Per annum Yearly. ." "Furthermore," Smyth stated, "more than 90% of Americans have played lottery games in traditional form, with 80% playing regularly. Globally, lotteries are also extremely popular worldwide, meaning that minimal dollars will need to be spent educating the populace on this 'new' product." 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 virtual 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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