| [March 15, 2005] |
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Gaming Transactions Inc. Enters into Million Dollar Ad Buy Agreement for Keno.com
LOS ANGELES --(Business Wire)-- March 15, 2005 -- Gaming Transactions Inc. (Pink Sheets:GGTS), a leading provider of online gaming portal management is pleased to announce that it has entered into an agreement with Red Ruth Ventures to purchase advertising for its licensed site, www.keno.com
Under the terms of the agreement, Red Ruth has prepaid for USD$1.0 million in advertising from online gaming portals, which it will be selling it exclusively to Gaming Transactions Inc.
The advertising that will be targeted to Keno.com includes email newsletters, interactive rich media and static advertisement space on a number of gaming sites and online media properties.
Easy to play, quick, and profitable, Keno.com -- Authentic Online Keno(TM) -- has become a favorite to players who want the excitement of a lottery draw without having to wait for a weekly offering.
Patrick Smyth, CEO of Gaming Transactions Inc., stated, "We are fortunate to have reached a deal of this magnitude for such an excellent marketing product. Red Ruth has an excellent database of players, and web locations that are a natural fit for Keno.com's advertising strategies."
Global revenues from online gambling will reach USD$14.52 billion in 2006, up from USD$3.81 billion this year. This is according to a report from the Informa Media Group, which says that the US will generate 24 percent of all online gambling revenues in 2006, whereas Europe will generate 53 percent.
About the Company
Gaming Transactions Inc. is a developer and provider of online games and services for the online entertainment and gaming industries. The Company's central licensed games portal, www.keno.com, is a destination online gambling property where players may participate in a number of gambling and online gaming fixtures.
For more information please visit www.gamingtransactions.com.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act of 1934 and the provisions of the Private Securities Litigation Reform Act of 1995 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including, but not limited to, technological and operational challenges, needs for additional capital, changes in consumer preferences, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on software providers, URL providers, risks relating to international operations, and risks associated with competition.
The Game is Here.(TM)
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