LONDON, April 4 - Fortuna Gaming Corp., (OTC Bulletin Board: FGAM.OB), ("the Company"), through is wholly owned subsidiary Fortuna Gaming (UK) Limited ("Fortuna"), is pleased to announce that it has commenced negotiations to license a Casino and Sportsbook for its G-Fone portfolio.
"We are pleased with the progress being made towards identifying key opportunities, acquisition targets, personnel and strategic partners in order to meet our objectives focused on providing our players with an unforgettable experience and increasing shareholder value," says Doug Waugh, president of the Company. "Clearly the market is ripe for these games and the G-Fone platform of services will be key in providing our players with an entirely new type of gaming experience."
"Our competitors have focused on the gimmicks and technology end of the gaming industry. Our approach, once our own comprehensive product and service offering is complete, is to focus heavily on the player and their experience," adds Waugh. "We are focused on the player, and in doing so, we will maximize our player potential in both revenue expectations and in gaming satisfaction. Our business model, developed to embrace a new era of gaming industry, is based upon providing a win/win for all our stakeholders and this will differentiate Fortuna from our competition."
"Our success in working with MGN (Mobile Gaming Now) in developing the first multiplayer mobile poker game has demonstrated the need to keep working with other software/e-gaming providers to offer a broader portfolio," comments Dallas Robinson, Vice-President of Marketing. "In the next few weeks we will launch a complete mobile suite of products under the G-Fone brand in conjunction with the launch of our online brand: G-Fed," comments Robinson.
About Fortuna Gaming Corp.
Fortuna Gaming Corp. (the "Company"), through its subsidiary Fortuna Gaming (UK) Limited, ("Fortuna") headquartered in London, England, is in the online gaming business and plans to become a leading mobile and online provider for the Internet gaming entertainment industry. Fortuna's acquisition strategy is to acquire complimentary medium sized internet gaming companies operating in legal jurisdictions which will provide a rich entertainment experience for customers while adding shareholder value.
Legal Notice Regarding Forward Looking Statements
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from acquisitions or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
