Mobile Gaming Company Ready For IPO?

Published: Tuesday, October 18, 2005 Online-Casinos.com

MOBILE GAMING COMPANY LAYING IPO GROUNDWORK?

Mobile gaming company Zone 4 Play issues bullish "guidance" note

For some weeks there has been speculation on when the high profile mobile technology company, Zone4Play will make its move toward a London listing, and interest intensified this week when the company issued a bullish "guidance" note highlighting its success in the marketplace and wideranging contracts.

The note showcases intense commercial activity this year, with potentially significant rewards as projects produce revenue streams in which Zone4Play gets a cut.

Among its recent achievements, Zone4Play pointed to its contracts with five mobile play for real gaming customers, among them: Coral / Eurobet (one of the largest bookmaker in the UK), Betfair (one of the largest worldwide exchange betting service provider) and Mobile777. The Company's share in these contracts ranges from 20 percent to 45 percent of the operators' revenues resulting from the use of the company's products and services.

The Winner Channel - a fixed odds, play for real gaming channel, (currently on-air on cable TV in the UK and accessible to 2.5 million subscribers) is soon to be launched on the Internet, Mobile and Participating TV. The Company's share in these contracts is 45 percent of the operators' net revenues resulting from the company's products and services.

A play for fun SMS-TV program on The Poker Channel on the SKY platform is planned, and soon will launch on that channel together with a similar initiative with Littlewoods (one of the largest bookmakers in the UK) on one of the major channels in the UK before the end of 2005. The company's share in these contracts is 33 percent of the operators' net revenues resulting from the its products and services.

4) The upcoming launch on the Sky iTV network in the UK of the first ever interactive TV full Multi Player Texas Hold'em Poker solution on a play-for-fun basis (one of most popular Poker games in the world), with 50 percent net revenue share of the operators' revenues resulting from the use of the company's products and services.

Zone4Play says it has a number of contracts in the interactive TV gaming industry in the U.S, and is well positioned for growth in this market, too. Among these contracts are: Lodgenet, Dish Network (Echo Star, one of largest satellite service provider in the world), and Cablevision (one of the largest cable service providers in the U.S.). The company's share in these contracts ranges from 18 percent to 50 percent of the service provider's net revenues resulting from the company's products and services.

In an upbeat statement, Chief Executive Officer Shimon Citron says, "In the last 12 months Zone4Play has positioned itself as an established player in the interactive gaming industry.

"The company has contracts signed with several of the major gaming operators in the UK, particularly in the mobile, interactive TV and participating TV gaming industry as the UK is the first country which has approved full interactive casino games on interactive media and more promising business opportunities are on the horizon.

"We are positioned as one of the leading players in next generation gaming. Our long term agreements, proven technology, high margin gross profit (historically more than 90 percent) and projected market penetration gives us confidence in the company's future prospects."