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Pegasus Gaming Corp. Adds Licensee.


PHOENIX -- Pegasus Gaming Corp. (PINK SHEETS:PGGG), http://www.PegasusGaming.com), a European Facing Turn Key I-gaming platform solution and e-commerce services provider, is pleased to announce the addition of a new licensee.

Pertaining per·tain  
intr.v. per·tained, per·tain·ing, per·tains
1. To have reference; relate: evidence that pertains to the accident.

2.
 to the previous corporate updates, the Company is pleased to report the closing on this new licensee from Europe has been finalized See finalization. . This licensee will be operating under the web site www.BestBookmaker.com with a contract value of $150,000 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.
. In addition, we expect such licensee to provide a steady stream of royalties, starting in the near future.

"The adding of this new licensee is a proof of our development in Europe being strengthened. With the implementation of the new US Internet gaming legislation, we will be gaining our position in Europe toward our goal of becoming the leading Turn-key I-gaming platform solution in the industry," stated Pegasus Gaming President & 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. , David Cheng.

The above statements in regard to Pegasus, which are not purely historical, are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 within the meaning 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, including Pegasus Gaming Corp.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 2, 2006
Words:256
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