Anyone here follow Virtual? Good news today.
02/10 08:26 Virtual Gaming Technologies Inc. and Explora Mexico S.A. de C.V.
Sign <VGTI.OB>
Virtual Gaming Technologies Inc. and Explora Mexico S.A. de C.V. Sign Marketing Partnership Agreement
SAN DIEGO--(BUSINESS WIRE)--Feb. 10, 1999--Virtual Gaming Technologies Inc. (OTC BB:VGTI) announced today that it's subsidiary Virtual Gaming Technologies, Antigua Ltd. (VGTA) has signed a marketing partnership agreement with Explora Mexico S.A. de C.V, a leader in Latin American Internet services.
Pursuant to the agreement, Explora Mexico has agreed to promote Virtual Gaming's Internet gaming service to its customers throughout Latin America, including Mexico and Spain.
Explora Mexico S.A. de C.V., based in Mexico City, provides Web Design, and Web Hosting services, and also maintains one of the most popular Internet directories and search engines in the world focusing on Latin America. Explora Mexico S.A. de C.V.'s directory and search engine home page offered in English and Spanish may be found at: explore-mex.com, and its Explora Mexico S.A. de C.V.'s Web design and hosting services site may be found at: explora.com.mx
Pursuant to the terms of the new marketing agreement, Explora Mexico will share in the net win of all customers provided by their advertising and direct marketing efforts in VGTA's online casino and sports betting service.
According to the estimate made by Frost & Sullivan, a marketing consulting firm based in Mountain View, Calif., by 2004 the Internet will generate $7.4 billion in revenue through gambling operations and related software sales.
According to Joseph Paravia, chief executive officer and president, "The partnership agreement with Explora Mexico S.A. de C.V. provides an important Latin distribution channel for us, and will help establish VGTA as the key Internet gaming player in the Latin American market. We are actively involved in similar partnerships to market our casino and sports-wagering services around the world. Our partnership opportunity Web site is at www.virtpartners.com."
The company's gaming subsidiary at: www.virtcasino.com, conducts online gambling, over the Internet, exclusively targeting non-U.S. residents. The company also offers an Internet based pari-mutuel sports betting service for non-U.S. residents at: www.virtsports.com. The company's corporate Web site is at: www.virtgame.com. |
