Poker.com Acquires www.poker.cc.
VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 12, 2002
Poker.com, Inc. (NASD OTC BB: PKER), a leading provider of online gaming systems, announces the acquisition of the www.poker.cc portal.
Christa Taylor, President of Poker.com, said, "The acquisition of www.poker.cc creates valuable synergies to Poker.com as it increases its presence in the online poker community. The addition of this top-level domain gives Poker.com another channel of highly qualified visitors, which will translate into more players. Acquiring Poker.cc is a valuable addition to the company and supports the company's growth for 2002 and beyond."
In addition, Poker.com has licensed the right to use the URL, www.poker.cc, to Syzygy Enterprises Ltd. for operating a Poker Sub-License and a Casino License.
Under the Casino agreement, Poker.com will provide the licensee with a single and multi player Internet casino. The list of casino games include: Blackjack, Caribbean poker, Battle Royale, Baccarat, Let it ride, Pai gow poker, Craps, Roulette, Slot machine and Video poker. Poker.com will also provide a multiplayer Poker Sub-License Cardroom. The Cardroom will offer several different variations of poker games including Texas Hold'em, Omaha, Omaha Hi-Lo, 5 Card Stud, 7 Card Stud, tournaments, and future enhancements as they are released.
Poker.com, Inc. (PKER) a fully reporting NASD OTC BB company, is a licensing and marketing company that sells and sublicenses Internet Poker and Casino gaming systems. The company's main sources of revenue are derived from sub-licensing fees, ongoing royalty fees, an opt-in advertising program, and banner advertising.
Poker.com's mission is "to become the World's preferred site for poker. Poker.com is committed to provide a secure place to play, information you can trust, and an opportunity to learn."
This press release may contain forward-looking statements, particularly as related to the business plans of the company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934 and are subject to the safe harbor created by these sections. Actual results may differ materially from the company's expectations and estimates.