HeadsUp Entertainment in Negotiations With One of the World's Largest Online Poker Companies
March 16 2010 - 6:00AM
Marketwired
HeadsUp Entertainment International Inc. (PINK SHEETS: HDUP) today
announced that it is in negotiations with one of the largest poker
companies in the world to either co-brand the Canadian Poker Tour
or to negotiate an outright purchase of the Canadian Poker Tour.
Any successful consummation of such a transaction is contingent
upon the completion of due diligence by both parties and the
satisfaction of numerous conditions precedent.
Behind only the United Kingdom, management believes that Canada
has become the second largest online poker market in the world. As
a result of this market size, several of the largest online poker
companies in the world have all contacted Company Chief Executive
Officer Kelly Kellner to forge a business relationship.
Management believes that HeadsUp Entertainment represents one of
the biggest brand names in the North American poker market today.
As the owner of the Canadian Poker Tour, Canadian Poker Player
Magazine and the recently launched Canadian Poker Player Television
Network, HeadsUp's market reach is now in excess of 40,000,000
poker players in North America.
Kelly Kellner, Chief Executive Officer of HeadsUp Entertainment
commented, "Over the next 12 months, we will manage more than 550
casino-based events in Canada, Costa Rica the Dominican Republic
and our Poker Super Cruise, which will attract some of the best
poker players in North America. As a result of our relationships
with the casinos, some of them exclusive, the online poker
companies are realizing that our market reach allows them to market
their platforms to players in North America.
Kellner added, "For competitive reasons, the online poker
company wishes to go unnamed at this time. As the online poker
market becomes more competitive, our brand name and our market
become more and more valuable. As a result of these negotiations,
the numbers here can get very large, very quickly."
About HeadsUp Entertainment International Inc.
HeadsUp Entertainment International Inc. is a global media and
entertainment company engaged in the creation of branded
entertainment through the development, production and marketing of
televised programming based on poker and other entertainment
themes. For more information see the Company's website
http://www.headsupentertainment.com/.
Forward-Looking Statements:
This news release contains "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," forecasted" and
similar expressions are intended to identify forward-looking
statements, which are, by their very nature, not guarantees of
HeadsUp Entertainment International Inc.'s future operational or
financial performance, and are subject to risks and uncertainties.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. Due to the risks and uncertainties, actual events may
differ materially from current expectations. The Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contacts: HeadsUp Entertainment International Inc. Investor
Relations (403) 269-9039 www.headsupentertainment.com
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