Deal Marks Cornerstone for RNG Gaming Network as Industry Giant Golden Palace Becomes RNG's First Licensee
WILMINGTON, Delaware, November 6 -- Zone4Play, Inc. ("Zone4Play" or the "Company") (OTCBB: ZFPI), a leading developer of interactive software and technology for the betting and gaming industry, announced today that its indirect subsidiary RNG Gaming Ltd ("RNG") has signed a non-exclusive license agreement valued at over $1 million with industry leader Golden Palace Ltd. Under the terms of the agreement, which represents Zone4Play's largest deal to date, Golden Palace will offer non-U.S. customers a new multiplayer Blackjack tournament service based on software developed by RNG Gaming.
The agreement allows for Golden Palace poker players to be integrated into a single E-Cash wallet, to enhance the cross-marketing opportunities between Golden Palace poker players and the new multiplayer blackjack tournament service. Golden Palace online poker players will be able to participate in the game by using their existing account without the need to re-register.
The deal valued at over $1M based on guaranteed fees and royalties marks the first license agreement for RNG Gaming and lays the cornerstone for RNG's multiplayer Blackjack network. RNG Gaming was established to further develop and license the Blackjack gaming technology through partnerships based on a license fee and revenue share.
"The Tournament Blackjack software is an exciting new addition to the Golden Palace group of games," said Golden Palace CEO, Richard Rowe. "We expect Tournament Blackjack to skyrocket in popularity, and Golden Palace will be at the forefront of this new trend. RNG Gaming's superior software, partnered with Golden Palace ten-year tradition of online gaming excellence is a winning combination."
Shimon Citron, CEO of Zone4Play, commented: "This considerable agreement is a clear endorsement of our technically superior product and we believe that our software will benefit Golden Palace players by offering a richer gaming experience. We look forward to a long and successful relationship with Golden Palace and expect that other players in the market will follow suit."
Zone4Play, a leading developer of interactive software and technology for the betting and gaming industry, delivers cross-platform solutions that are built for mass participation gaming. Zone 4 Play is a software and technology provider to UK bookmakers, online gaming operators, betting exchanges and to US cable, satellite and hospitality service providers, delivering online solutions, mobile solutions, interactive TV solutions and participating SMS-TV solutions. Zone4Play works with industry giants such as British Telecom, Coral Eurobet, Betfair, Channel 5 (UK), cablevision and Lodgenet. In addition, its wholly owned subsidiary, Gaming Ventures, is catering for non-US customers, marketing its unique multi-player black jack tournament technology to end customers through its consumer brand company Get21 and to third parties through RNG Gaming. For more information visit www.Zone4Play.com, the content of which is not part of this press release.
About Golden Palace:
Established in 1997, GoldenPalace.com is one of the pioneers of the online casino industry. With over 90 casino games, one of the world's leading multi-player poker rooms, and wireless mobile gaming, players can enjoy the Golden Palace games anytime anywhere.
For more information, visit www.GoldenPalace.com, the content of which is not part of this press release.
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when we make reference to our expectations for the tournament Blackjack trend and future players, we are using forward-looking statements. These forward-looking statements are based on the current expectations of the management of Zone4Play only, and are subject to a number of factors and uncertainties that could cause actual results, performance or achievements of Zone4Play, including revenues, income and expenses, to differ materially from those described in or implied by these forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; decline in demand for Zone4Play's or Gaming Ventures' products; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, strength and growth of the gaming industry, gaming regulatory environment, and other factors over which Zone4Play may have little or no control. Except as otherwise required by law, Zone4Play undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting Zone4Play, reference is made to Zone4Play's reports filed from time to time with the Securities and Exchange Commission.
Press contact: Rinat Rond, Koteret Public Relations +972-3-575-5778 x112 email@example.com
SOURCE Zone4Play (Israel) Ltd
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