Gamzio Signs Letter of Intent to Partner With Licensed eGambling Company CashBet
January 30 2014 - 9:25AM
Marketwired
Gamzio Signs Letter of Intent to Partner With Licensed eGambling
Company CashBet
IRVINE, CA--(Marketwired - Jan 30, 2014) - 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."
Learn more about Gamzio Mobile Inc. by visiting www.Gamzio.com,
and for additional information about the company, please contact
Investor Relations by Email: investorinfo@gamzio.com
Gamzio's flagship Social Casino Game Slots-O-Luck Adventure can
be downloaded at:
http://gamzio.com/games/
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.
About CashBet
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.
Contact: Gamzio Mobile, Inc. http://Gamzio.com (949) 732-0226
investorinfo@gamzio.com CashBet http://www.cashbet.com
info@cashbet.com