Canadian Poker Tour (CPT) Signs Major Sponsorship Deal With Poker Tax Rebate (PTR)
July 05 2011 - 9:15AM
HeadsUp Entertainment International Inc. (Pink Sheets:HDUP),
operators of the Canadian Poker Tour, Canadian Poker Player
Magazine and the Canadian Poker Player Television Network, have
come to terms on an exclusive sponsorship agreement with Canadian
tax recovery specialists Poker Tax Rebate. The deal will position
PTR as presenting sponsor of the CPT's major poker tournament
events in Canada and internationally, embed them in all marketing
and generate revenues for both companies on an ongoing basis.
Poker players who win money in events in the US, such as the
over $5,000,000 won by Canadians so far in this year's World Series
of Poker currently taking place in Las Vegas, are subject to a 30%
withholding tax as well as State tax visitors must pay on certain
game winnings over $1200. PTR prepares all of the necessary
documentation required by the government ensuring the Internal
Revenue Service refunds all of the taxes our clients are entitled
to. For more details go to www.pokertaxrebate.com.
"We are very encouraged with the terms of the agreement we have
come to with Poker Tax Rebate," commented HeadsUp President and CEO
Kelly B. Kellner. "Through our player database, web and social
media infrastructure and television productions, we are very
encouraged about the amount of business we will be able to generate
together."
Management believes that this relationship, the recently
announced strategic marketing alliance with Tropicana Las Vegas and
our new television production initiative will be driving forces
behind a substantial increase in shareholder value. As
reported in a press release on June 17, 2011, the company has
generated a major gain in revenues from events held earlier this
year and this growth is expected to continue.
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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