Dynasty Gaming Inc. (TSXV: "DNY") ("Dynasty") today announced the
signing of a Strategic Cooperation Agreement with Beijing Sohu New Era
Information Technology Co. Ltd, a subsidiary of Sohu.com Inc.,
(NASDAQ: "SOHU"). Acknowledged as a leading portal, Sohu has more than
100 million registered users, and it is one of the most widely used
interactive online sources for information, entertainment and
communications in China.
Under the Agreement, both parties will cooperate on content and
marketing matters related to Dynasty's mahjong game on Sohu's casual
game platform. Such cooperation could be expanded to cover other Asian
online games provided by Dynasty.
Albert Barbusci, Chief Executive of Dynasty stated, "This
agreement with Sohu represents an important building block in our
China strategy and provides us with a powerful, established channel
for broadening and deepening Dynasty's distribution reach in China. It
is important to note that this agreement focuses both on Mahjong and
an additional suite of Asian games. This signals an expansion of
Dynasty's value proposition from being a single software provider for
the world's most played game, to that of a provider and operator of
multiple Asian games delivered through multiple channels, supported by
powerful channel partners like Sohu."
Dynasty has already established a relationship with Beijing Junnet
Science and Technology Company Limited, one of the largest prepaid
card distributors in China, for the marketing and distribution of
prepaid cards for accessing play-for-points game sites. As well,
Dynasty has partnered with Sun Media Investment Holdings Limited,
China's largest multi-media company, which provides a channel for
reaching millions of people through multiple electronic and print
media networks, and with Betex Group plc, the first non-Chinese
company granted the right to co-manage a number of the
government-owned sports lotteries and to be officially involved in
lottery operations in mainland China. It has been reported that the
Government of China is committed, over the next three years, to
capturing much of the currently illegal gaming market, estimated by
Peking University's Center for Lottery Research, at around $75
billion.
"These links with Sohu, Betex, Junnet and Sun are all part of our
larger distribution strategy and all involve revenue sharing," says
Barbusci.
The TSX Venture Exchange has in no way passed upon the merits of
the proposed transaction and has neither approved nor disapproved of
the contents of this news release.
About Dynasty Gaming Inc.
Dynasty Gaming Inc. is implementing a two-phased strategy to
secure a lead position in the Chinese market and within the
international online gaming sector with its first-to-market software
for an aggregate player, cash wager version of Mahjong, the world's
most played game. Through its wholly owned subsidiaries, the company
develops, markets, licenses and supports the Mahjong Mania software.
The Company has already established relationships with Beijing Junnet
Science and Technology Company Limited, one of the largest prepaid
card distributors in China, for the marketing and distribution of
prepaid cards for accessing play-for-points game sites, and with Sun
Media Investment Holdings Limited, China's largest privately owned
multi-media provider. An agreement with Betex (www.betexgroup.plc.uk)
further expands the range of distribution channels through which
Dynasty-sourced content will be marketed and managed in China. Since
marketing began in the second half of 2005 for the Company's aggregate
model, a number of license agreements have been signed including a
contract with Ladbrokes, the world's largest online sports book
(www.Ladbrokes.com) whose site now hosts a customized version of
Mahjong Mania. Dynasty has also signed Microgaming, an innovative
supplier of online gaming solutions to many of the world's leading
online casinos and sports book operators.
Dynasty Gaming's 91.5 million common shares, issued and
outstanding, are widely held by Canadian and U.S. investors. Full
information on Dynasty Gaming can be found at www.dynastygaming.com.
