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MGN Technologies, Inc. Announces Launch of Play-For-Money, Play-For-Prizes and New Marketing Plan
27 February 2006 MGN Technologies, Inc. (OTC BB: MGNLF), doingbusiness as Mobile Gaming Now (the "Company"), has announced the launchdates of its new gaming sites as well as the start of its new marketingplan.
Mobile Gaming Now will be launching its Play-For-Money website on Monday,February 27, 2006. The website will be located at www.mgnpoker.com. Thefeatured game is Texas Holdem' poker. Players can choose to play onlinethrough their browser with the no-download version or download the mobilegame and play on a mobile phone. The Play-For-Money site will berestricted and not available to residents of the United States. "We'reexcited to be launching a poker game that features simultaneous play with aPC and a mobile phone. It's gives players some great options. We arelegally compliant with the United States Department of Justice. We don'taccept U.S. bets," said Mark Jensen, CEO of Mobile Gaming Now.
Mobile Gaming Now will be launching its Play-For-Prizes website on March6th, 2006. The new website will be located at www.mgnpoker.biz. Thefeatured game is Texas Holdem' poker. Other casino games will be availableas well. Single-player black jack, slots and roulette can be played.Players earn points through their play and can enter cash drawings or earnprizes from a catalog of specially selected prizes. "Prizes and cashdrawings are a great way to provide incentives for players to keep playing.Not everyone wants to gamble. We're reaching a very broad market of onlineand mobile gamers who love to play games," said Jensen.
Mobile Gaming Now launched its Play-For-Free site in January of 2006 atwww.mgnpoker.net. Registrations have been brisk. "We've registeredseveral hundred players in just a month and a half. We're quite pleasedwith the results of the soft launch," said Jensen.
Mobile Gaming Now also announced it has launched a comprehensive marketingplan to support its three operating sites. The marketing plan features anextensive search engine keyword strategy, a contextual banner advertisingprogram, email marketing and local Internet marketing. "Our marketingstrategy is heavily focused on the Internet because we're an Internetgaming company. We're rolling our marketing plan out in phases. It startsslow then builds as our player base increases," Jensen said.
The Company said it is currently receiving 30,000 hits per week from MSN,Yahoo and Google. It has registered over 500 new players at itsPlay-For-Free site in just six weeks. "We've launched the Play-For-Freesite softly so we can work out some issues. The gaming site is verycomplex because its mobile gaming played simultaneously with online gaming.We continue to improve the performance of the game," Jensen said.
About Mobile Gaming Now
Mobile Gaming Now is a gaming software developer and marketer focusing onthe casino gaming market. With offices in Kirkland, Washington andVancouver, British Columbia, the Company operates its own gaming sites aswell as licenses its gaming platform to strategic partners. Players canplay for free, play for prizes, or play for money. The Company developedthe first multiplayer Texas Holdem' game for free or money with integratedPC and mobile game play.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term isdefined in Section 27A of the United States Securities Act of 1933, asamended, and Section 21E of the United States securities Exchange Act of1934, as amended. Statements in this press release, which are not purelyhistorical, are forward-looking statements and include any statementsregarding beliefs, plans, expectations and/or claim, as applicable, that:(i) MGN will launch its websites on the dates stated; (ii) MGN will launchits casino games in addition to poker as stated (iii) MGN will takeadvantage of online and wireless as a content delivery, marketing, andcommunications channel through its marketing plan.Actual results could differ from those projected in any forward-lookingstatements due to numerous factors. Such factors include, among others: (i)the risk that current or future licensees of the Company's products arerestricted by laws or regulations concerning gaming or related activities;(ii) the inability of the Company to license its products to licensees as aresult of disputes over terms; (iii) the inability of the Company to keeppace with technological advancements in the mobile entertainment industry;(iv) the Company's software not operating as expected; (v) the Companysuffering technological problems that the Company cannot economicallyrepair; (vi) the Company not being able to retain key employees; (vii)competitors providing better or cheaper products; (viii) markets for theCompany's products not developing as expected; (ix) the Company's inabilityto finance its operations or growth. These forward-looking statements aremade as of the date of this news release, and the Company assumes noobligations to update the forward-looking statements, or to update thereasons why actual results could differ from those projected in theforward-looking statements. Although the Company believes that the beliefs,plans, expectations and intentions contained in this press release arereasonable, there can be no assurance those beliefs, plans, expectations,or intentions will prove to be accurate. Investors should consider all ofthe information set forth herein and should also refer to risk factorsdisclosed in the Company's periodic reports filed from time-to-time withthe Securities and Exchange Commission and available at www.sec.gov.
For more information, please contact MGN Technologies, Inc. at 604-602-9596or toll free at 1-888-602-9596 to discuss the information contained in thisnews release.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact:MGN Technologies, Inc.604-602-95961-888-602-9596
SOURCE: MGN Technologies, Inc.
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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