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Empire Film Group Announces Aqusition of Tarsin Inc.
WESTLAKE VILLAGE, Calif., July 17, 2014 /PRNewswire/ -- The Board of Directors of Empire Film Group, Inc. (OTC Pink Sheets: EFGU) and the Board of Directors of Tarsin Inc. www.tarsin.comare pleased to announce they have unanimously agreed and reached definitive agreement to acquire Tarsin, Inc. This acquisition will help expand and further integrate Empire's digital film and media assets into Mobile Publishing and Wagering.
"We are excited to have Tarsin as part of the Empire Group. Tarsin has a rich history and proven track record in mobile publishing with over 12 years in business, published in 32 languages and 120 countries. Tarsin's parent Game2Mobile Inc. / Tarsin underwent a reorganization and consolidation in US Federal Bankruptcy court in the Northern District, San Jose California in 2014 therefore the acquisition is subject to approval of the US Bankruptcy Court as part of its plan reorganization. The acquisition will be in the form of a combination of cash and stock. Empire is content rich after 10 years in the film and digital media industry. The 2 entities compliment the business initiative going forward. I have had the unique experience over the past several years of being involved with both companies and working with the talented and experienced management teams," commented Mr. Joseph Cellura, Managing Director of Empire Film Group, Inc.
Empire Film Group, Inc. is a fully-integrated digital media, film and television production and distribution company with capabilities to reach theatrical, video, television, video-on-demand for the worldwide markets. Empire Sports Group, Inc. is a wholly owned subsidiary of Empire Film Group set up to develop, acquire, produce, market and distribute sports related entertainment properties in film, television and in various multimedia and digital environments.
TarsinInc.,www.tarsin.com, takes brands mobile providing casinos and gaming operators with the runway to execute their mobile strategy. Operators can now derisk launching and monetizing innovative mobile publishing, mobile wagering products on all mobile devices as Tarsin's platform technology is agnostic, quick and robust. They can reach broad new revenue streams through a proven mobile publishing platform with a comprehensive mobile suite of distribution, marketing, location and payment capabilities. Tarsin manages the development, integration, deployment and distribution of mobile content including games of skill and chance into emerging mobile devices markets.
"Having spent a decade learning and living the complexity end of mobile publishing, and solving compliance challenges, we will now be the engine powering expansion onto the widest range of mobiles in whatever territories a gaming operator chooses," says John Osborne, a leader in mobile publishing. "Operators want to extend their brands and market reach by putting their loyalty programs, games and betting literally into the hands of their players." He adds, "People enjoy consuming media, content and games via their mobiles, and as US legislation begins to encourage gaming operators here to catch up with that behavior, we can look forward to bold innovation in gaming and wagering."
Features and facts
The Tarsin mobile publishing and wagering suite of Licenses and Right To Use agreements offers a unique suite of fully featured and proven mobile solutions which are critical to the nature of placing a wager and playing games on mobile. Not least are identity confirmation, geo-fencing, geo verification and geo-location by state or region, a suite of consumer billing options including Point of Sale "POS," and a high level of personal and corporate security including device authentication prior to each m-commerce transaction. Supporting professional services, design services and project management services enable full systems integration with back-end gaming infrastructures, web front ends and bricks-and-mortar operations. The platform supports marketing program integration and execution, ensuring high levels of distribution for operators, and ease of adoption for consumers. Its inbuilt scalability and resilience supports propositions launched on both national and international footprints. With an ever- increasing rate of handset development, mobile devices were reported to have surpassed the sale of computers for the first time in the history of computer based devices in 2013. Tarsin via its suite of licenses and Right to Use mobile platforms ensures that hardware is supported upon production release, maximizing the addressable mobile market in real time. As of January 2012, the various platform technology supports over 1500 handsets, smartphones and tablets from 49 manufacturers. It is interoperable with 796 carriers and mobile operators worldwide including 51 in North America, and designs and publishes seamlessly across multiple variants of operating systems based on Apple, Android, Windows, Rim, Nokia, Java and BREW. Tarsin services and operates in 32 languages plus a further 5 regional variants, publishing over 3 million mobile applications to consumers.
SAFE HARBOR STATEMENT
This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.
SOURCE Empire Film Group, Inc.
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