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Gamzio Signs Letter of Intent to Partner With Licensed eGambling Company CashBet(January 30, 2014)
IRVINE, CA -- (Marketwired) -- 01/30/14 -- Gamzio Mobile, Inc. (www.Gamzio.com) (OTCQB: GAMZ), the innovative social casino gaming company, is pleased to announce today, an expansion into Real-Money Gaming.
Founded in 2012, CashBet is the leading platform provider enabling real-money online gambling for social and mobile games. In 2013, the Alderney Gambling Control Commission awarded both Category 1 and Category 2 eGambling Licenses to CashBet Alderney Limited.
Using CashBet's proprietary platform, Gamzio will tap into the estimated $40 Billion online gambling industry by accessing a turnkey system that handles the licensing, compliance, player verification, and banking needed to enable eGambling within our games in jurisdictions that allow it.
Gamzio CEO Jason Deiboldt stated: "We are very excited to bring this opportunity to current and future players of Gamzio's games. With jurisdictions opening up rapidly to allow real-money gambling, this partnership puts us in a position to take full advantage of this fast-growing segment of the gaming industry."
California-based CashBet is led by veterans of the online gambling industry with expertise in legality and compliance, including CEO and cofounder Dr. Mike Reaves and CTO and cofounder George Weinberg. In addition to CashBet's extensive experience with real-money gaming, Gamzio has also made two key hires with a combined 30 years of experience in the real-money gambling industry to help facilitate and guide the expansion.
CashBet CEO and cofounder Dr. Mike Reaves stated: "At CashBet, our focus is on building the world's most trusted brand for mobile gambling and providing our partners with the necessary tools for access to this growing market. We're looking forward to a long-term relationship with Gamzio to help them successfully build out the real-money gaming channel of their business."
Gamzio's flagship Social Casino Game Slots-O-Luck Adventure can be downloaded at:
About Gamzio Mobile, Inc.
Gamzio is a developer of social casino games for the Internet and mobile devices. Its mission is to bring a genuine "Vegas" experience to the mobile gaming market through a strategic approach that optimizes real-time data and analytics technology. Gamzio recently released "Slots-O'LuckAdventure HD," which is available for download at its web site http://gamzio.com/games/ or directly in Apple's App Store.
Founded in 2012, CashBet is a leading software platform provider and turnkey operator, enabling online gambling for social and mobile games. CashBet is licensed by the Alderney Gambling Control Commission. By incorporating CashBet's Game Development Kit (GDK) software, developers can tap into the online gambling market, accessing our turnkey platform which delivers licensing, compliance, player verification, and banking features needed to enable real-money gaming. California-based CashBet is led by veterans of the online gambling industry with expertise in legality and compliance, including CEO and co-founder Dr. Mike Reaves and CTO and co-founder Dr. George Weinberg. For more information, please visit www.cashbet.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, utilizing new Facebook mobile technology, increasing users for Gamzio's games, and business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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