Hokutou Holdings International Inc. Announces Acquisition of Platinum Pari-Mutuel Group
January 07 2014 - 5:56PM
Hokutou Holdings International Inc. (OTCPINK:HKTU)
announced today a share exchange for the acquisition of Platinum
Pari-Mutuel Group (PPMG) will become the main operating entity of
HKTU, and its officers and directors have already assumed the same
positions with HKTU. a software development company specializing in
development of an online experience designed to enable users to
follow and share information regarding the fast paced global
financial marketplace and to compete against each other in a
traditional racing format. PPMG is developing a new way for
individuals to interact with the public markets. Our goal is to be
a leading social gaming financial markets destination, and our
vision is to be the intersection of global financial markets,
fantasy sports, horse racing and online gaming community.
PPMG has developed a Hub computer system located in Saint Kitts,
West Indies to facilitate the transaction processing. The location
provides the ability to service both domestic (U.S.) and
international markets simultaneously, but separately, since the
rules and regulations of those jurisdictions differ. U.S. domestic
play will be for "Fun" only because online wagering is genrally is
illegal, while most international jurisdictions will allow "Real
Money Play". The system is based on Pari-Mutuel wagering systems
where the operator takes a percentage of the sales to pay the cost
and the rest is paid back to the players. The typical risk
management restrictions that are common in most other non
pari-Mutuel models are not required in our business model as our
revenue comes off the top from the wagering income.
Mr., James Egide C.E.O., stated "We plan to provide a new mix of
financial content related to public companies, financial indices,
commodities and currency. Our model is designed to combine
fundamental and technical financial data with social media platform
to encourage players to personalize, connect and apply impersonal
financial services data to their daily lives. We plan to bring
real-time excitement of the financial markets to a wider audience
with content and games that will be entertaining and engaging using
traditional pari-Mutuel technology previously used for horse and
dog racing industries, we plan to host online games and races to
enable players to compete against each other in a new and exciting
environment."
The company encourages current shareholders and potential
investors to visit their website at www.financialraces.net to learn
more about Platinum Pari-Mutuel Group.
About Hokutou Holdings International Inc.
(OTCPINK:HKTU) Hokutou Holdings International Inc. was operated as
a development stage holding company for the last three years. With
the completion of the acquisition Platinum Pari-Mutuel Group is a
wholly owned subsidary of the parent holding company.
About Platinum Pari-Mutuel Group is a gaming
and software development company specializing in development of an
online experience designed to enable users to follow and share
information regarding the fast paced global financial marketplace
and to compete against each other in a traditional racing format .
PPMG is developing a new way for individuals to interact with the
public markets. Our goal is to be a leading social gaming financial
markets destination, and our vision is to be the intersection of
global financial markets, fantasy sports, horse racing and online
gaming community. PPMG has developed a Hub computer system located
in Saint Kitts to facilitate transaction processing. The location
provides the ability to service both U.S. and international markets
The system is based on pari-Mutuel wagering systems where the
operator takes a percentage of the sales to pay the cost and the
rest is paid back to the players.
Forward-Looking Statements – Statements about
the Company's future expectations and all other statements in this
press release other than historical facts, are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934, and as
that term are defined in the Private Securities Litigation Reform
Act of 1995. The Company intends that such forward-looking
statements be subject to the safe harbors created thereby. The
above information contains information relating to the Company that
is based on the beliefs of the Company and/or its management, as
well as assumptions made by any information currently available to
the Company or its management. When used in this document, the
words "anticipate," "estimate," "expect," "intend," "plans,"
"projects," and similar expressions, as they relate to the Company
or its management, are intended to identify forward-looking
statements. Such statements reflect the current view of the Company
regarding future events and are subject to certain risks,
uncertainties and assumptions, including the risks and
uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. Factors that could cause results to differ
include, but are not limited to, successful performance of internal
plans, the impact of competitive services and pricing and general
economic risks and uncertainties.
CONTACT: Wall Street Media Group
Brian Andrew
866 465-6551
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