Las Vegas From Home.com Entertainment Inc. - Corporate Update
May 08 2014 - 6:00AM
Business Wire
Las Vegas From Home.com Entertainment Inc. (the
“Company” or “LVFH”) (TSX-V: LVH) (US OTC Pink
Sheets: LVFHF) (Berlin: LVH) (Frankfurt: LVH). Mr. Jake H.
Kalpakian, President & CEO, is pleased to provide a corporate
update of the Company’s activities.
Mexico
The Company has continued to enhance its Bingocrush.com website
in Mexico. Since its soft launch, the Company has fine-tuned its
game offerings and has added more payment options. The Company
expects to fully launch the website for real money in Q2, with the
Company’s player database of approximately 38,000 Mexican
accounts.
Furthermore, the Company is in negotiations with a prominent
international gaming group whereby the Company and the group are
exploring the opportunity to partner or joint venture its
operations in Mexico. The contemplated partnership would position
LVFH to become a dominant software provider and legal operator in
the lucrative Latin American gaming market.
HTML5
The Company’s new HTML5 mobile gaming platform continues to be
the primary focus of the Company’s software development. Designed
with a “mobile first” philosophy, this new platform delivers
exceptional cross-platform experience, allowing users to play a
comprehensive selection of poker and casino games in web browsers
on the vast majority of mobile devices, such as iPhone, iPad,
Android-based smartphones and tablets, without the need of
downloading and installing the game.
In addition to imminently launching the HTML5 software on a
major cruise ship line, the Company is also currently in ongoing
negotiations to license its HTML5 software to a number of hotels
and other gaming software providers/operators.
Other Business
The Company has been exploring several other business
opportunities and transactions, including spinning out to the
shareholders in the form of a share dividend in a new company based
on a non-gaming technology the Company has developed internally.
The Directors of the Company are reviewing all options to create
the most tax friendly structure for the Company’s shareholders.
Further information shall be provided shortly.
About LVFH
Since 1999, LVFH has been a reputable provider of innovative
gaming software spanning Poker, Casino, and other popular
multiplayer games. The Company’s successful and lengthy track
record in gaming software development, financial accountability and
cardroom operations has made LVFH one of the leading software
developers in the industry.
For more information on the Company: Jake H. Kalpakian,
President & CEO, LVFH (604) 681-0204 ext. 6105
jake@lvfh.com
Investor Relations: Dave Burwell, The Howard Group
1-888-221-0915
dave@howardgroupinc.com
or Robbie Orr Transcend Resource Group
rborr@shaw.ca
Office: (604) 681-0037 Mobile: (604) 805-2126
Statements in this news release which are not historical facts
are “forward-looking statements” that involve risks and
uncertainties. The reader is cautioned not to place undue reliance
on forward-looking statements.
Trading in the securities of the Company should be considered
speculative.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
LVFHJake H. Kalpakian, 604-681-0204 ext. 6105President &
CEOjake@lvfh.comorInvestor Relations:The Howard GroupDave Burwell,
1-888-221-0915dave@howardgroupinc.comorTranscend Resource
GroupRobbie OrrOffice: 604-681-0037Mobile:
604-805-2126rborr@shaw.ca
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