HeadsUp Entertainment International Inc. Reports Substantial Increase in Revenues
June 17 2011 - 9:01AM
HeadsUp Entertainment International Inc. (Pink Sheets:HDUP)
operators of the Canadian Poker Tour, Canadian Poker Player
Magazine and the Canadian Poker Player Television Network is
pleased to announce that gross revenues from its poker tourism and
international sports and entertainment divisions exceeded $517,000
USD in the first quarter of this year. This is primarily due to a
series of major events including the Reign in the Ring boxing Pay
per View and fight at Planet Hollywood Resort and Casino in Las
Vegas and the Poker Super Cruise held aboard Royal Caribbean's
Freedom of the Seas in March and April. This result exceeds
the company's total revenues for all of 2010 and exemplifies the
growing success of the business model that management has
implemented by focusing on larger high profile events in
international jurisdictions.
Management believes that emerging opportunities that have arisen
in the international tournament poker sector and a re-launch of a
new television production model to meet the demand of shows like
Poker after Dark and The Big Game that have been cancelled due to
indictments against the online poker companies that produce them
will be a major factor in increasing shareholder value.
The recently announced partnership with the World Poker Showdown
has substantially contributed to the Company's growth and a number
of additional announcements are forthcoming to outline additional
deals in the international poker marketplace. Complete
management prepared financial statements from the first quarter
will be announced and posted at the end of this month.
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
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.
CONTACT: HeadsUp Entertainment International Inc.
Investor Relations Kelly B. Kellner
(403) 269-9039
Website: www.headsupentertainment.com
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