Re Contract

RNS Number : 7541P

Gaming VC Holdings S.A.

31 March 2009

 



Press Release

31 March 2009

Gaming VC Holdings S.A.

('Gaming VC' or 'the Company')

Gaming VC announces long-term strategic contract with Boss Media

Gaming VC Holdings S.A. (AIM:GVC), a leading European online gaming company, announces today that it has signed a long-term strategic contract with Boss Media AB (“Boss Media”), a leading developer of innovative software and systems for digitally-distributed gaming entertainment whereby Boss Media will significantly augment its products and services provided to Gaming VC for the next three and a half years.

Boss Media is the current provider of Gaming VC's Download Casino, Poker, BackOffice system and Payment Services. The long-standing successful cooperation between Gaming VC and Boss Media will now be further strengthened with this new agreement, which will also include Boss Media's new state-of-the-art Instant Casino as well as games from Dynamite Idea and Finsoft.

Kenneth Alexander, CEO of Gaming VC, said: 'We are delighted to enter into a strategic contract with Boss Media, one of the world's leading e-gaming software suppliers. Owned by leading gaming technology and services provider GTECH Corporation, Boss Media is well positioned to deliver leading-edge content and liquidity. This contract gives us the long-term stability needed to continue growing our business.'

Commenting on the new business agreement, Rahul Parekh, CEO of Boss Media, said: 'This strategic partnership is a reaffirmation of Boss Media's product suites and market position. We are delighted to renew and expand our long-standing relationship with Gaming VC.'

 -Ends-

For further information:

Gaming VC Holdings S.A.
Lee Feldman, Chairman	Tel: [phone]
Kenneth Alexander, Chief Executive Officer	www.gamingvc.com

Arbuthnot Securities Limited	Tel: [phone]
James Steel, Corporate Finance  Katie Shelton, Corporate Broking	www.arbuthnotsecurities.co.uk

Media enquiries:

Abchurch
Chris Lane / Stephanie Cuthbert / Nick Probert	Tel: [phone]
[e-mail]	www.abchurch-group.com

Boss Media
Mery Blomqvist, Head of Marketing & PR	Tel: [phone]
[e-mail]	www.bossedia.se

About GVC

Gaming VC is a leading European online gaming company. The Group is headquartered in Luxembourg and is licensed in Malta, Italy and the Netherlands Antilles. 

Gaming VC's management team has a wealth of experience in the gaming industry and has a significant track record in successfully identifying and penetrating new markets. The Group is focused on delivering an innovative product offering and is dedicated to providing sophisticated Customer Relationship Management (CRM) to ensure high levels of customer satisfaction.  

Gaming VC uses Internet marketing and affiliate networks for customer acquisition and customer retention purposes.

In December 2004, Gaming VC's shares were admitted to the AIM market of the London Stock Exchange. Gaming VC has not and has never transacted wagering activity by players in the US.  

Further information on the Company is available at www.gamingvc.com.  

About Boss Media

Boss Media AB is one of the world's leading independent software providers of complete online gaming & entertainment solutions within Poker, Bingo, Casino, Gaming management systems and Instant games. Licensees are offered systems for customized gaming, entertainment, integrated payment and operator-related services. Boss Media is a majority-owned subsidiary of GTECH, the leading gaming technology and services company - and can furthermore provide online and retail products & services in the areas of Sports Betting, Server Based Interactive Video Terminals and White label end-to-end services. 

Further information on Boss Media is available at www.bossmedia.se.  

 

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