Parley Entertainment, News 2006 von Parleygroup - Seite 2

Casinonews · 21.11.2006, 10:20

30.08.2006

Chartwell Technology and Parlay Entertainment Agree To Merger

CALGARY , Canada — August 30, 2006 — Chartwell Technology Inc. (TSX – CWH)
("Chartwell") a leading provider of gaming software systems to the online and remote gaming industry and Parlay Entertainment Inc. (TSXV – PEI) ("Parlay") the world's leading provider of Internet bingo solutions are pleased to announce their intention to enter into a business combination as agreed to in a binding Letter of Intent (LOI) executed today.

The LOI calls for Chartwell, and/or a wholly owned subsidiary of Chartwell, to acquire all of the issued and outstanding common shares of Parlay by way of a plan of arrangement or similar business combination, subject to obtaining all necessary regulatory and court approvals and the approval of the Parlay shareholders and subject to the completion of due diligence by both parties. Under the proposed business combination, Chartwell will issue 0.75 common shares of Chartwell for each issued and outstanding common share of Parlay. Assuming completion of the transaction, Chartwell will issue up to approximately 11.2 million common shares in exchange for all of the issued and outstanding Parlay common shares and post closing, will have approximately 29.9 million issued and outstanding common shares. Outstanding options and warrants to purchase Parlay common shares will either be exercised, cashed out or converted into options or warrants to purchase Chartwell shares.

The definitive agreement to be entered into by Chartwell and Parlay will be subject to a number of conditions, including court approvals, stock exchange approvals and the approval of the shareholders of Parlay at a meeting expected to be held in October, 2006. If all necessary approvals are obtained and all other conditions to the completion of the transaction are satisfied or waived, the business combination is expected to be completed by October 31, 2006. Certain major shareholders who are also directors of Parlay, holding approximately 22% of the issued Parlay common shares, have agreed to enter into agreements with Chartwell confirming their support for the proposed business combination. Chartwell and Parlay have each agreed, under certain circumstances, to pay a termination fee of $500,000 (Cdn) to the other party if the business combination is not completed.

The merger will combine two significant international software providers in the Internet gaming arena with a compatible customer base, complementary product offerings and identical business models, to better compete on the global stage.

On completion of the business combination, the Chartwell board of directors will consist of two founders of each of Chartwell and Parlay and three independent directors. An Office of the CEO will be established with the President and CEO of each of Chartwell and Parlay acting as Co-CEO of Chartwell. A Merger Committee with representatives of both companies will be established to plan for, and manage, the technical, financial and operational aspects of the business combination. The senior executive teams of both Chartwell and Parlay will be combined in Chartwell following the merger.

In commenting on the proposed merger, Darold H. Parken, President and CEO of Chartwell said: "Chartwell and Parlay are a perfect fit. In an ever expanding remote gaming industry, Chartwell and Parlay share a unique and highly successful business model and enjoy great reputations. Our combined entity will be a much stronger and effective competitor and our customers will benefit from the merger of our best-of-breed gaming applications and our talented group of people. We are very excited about joining forces and working with the people at Parlay to build the world's most comprehensive and flexible gaming software system, while maintaining our independence from the operation of any gaming business."

Also commenting on the proposed merger, Scott White, President and CEO of Parlay added: "Consolidating two growing businesses like Parlay and Chartwell is the first step in our joint creation of a global technology powerhouse. Leveraging our respective excellence and leadership in technology, our common employment cultures, our existing and prospective customer bases and our depth in human resources, we are confident in our ability to develop, license and support a world-class suite of e-gaming products. It is our intention to create a new company which will generate excellent value for our stakeholders, and as our industry moves into the mainstream over the coming years, the fact that we will not compete with our customers will be our most important value proposition."

About Chartwell

Chartwell Technology Inc. specializes in the development of leading-edge gaming applications and entertainment content for the Internet and wireless platforms and other remote access devices. Chartwell's Java and Flash based software products and games are designed for deployment in gaming, entertainment, advertising and promotional applications. Chartwell does not participate in the online gaming business of its clients nor does Chartwell operate its own gaming sites. Chartwell's team of highly trained professionals is committed to delivering the highest quality software and maintaining its leading edge through continuous development and unparalleled customer support.

Casinonews · 21.11.2006, 10:21

17.10.2006

Best Online Bingo Operator Announced: Parlay-Powered Bingos.co.uk Named Number One

LONDON , United Kingdom — October 17, 2006 — Parlay Entertainment Inc. (TSXV: PEI), the world's leading supplier of Internet bingo solutions, is pleased to announce that Bingos.co.uk has been named Bingo Operator of the Year. This first-ever award for online bingo was presented during the annual eGaming Awards Dinner at London's Natural History Museum on October 9, 2006. Bingos.co.uk is powered by software from Parlay Entertainment, the world's leading provider of online bingo technology.

The award was established by eGaming Review Magazine to recognise the online bingo operator that has shown leadership in developing the sector. During the judging process, an independent panel considered all aspects of product differentiation, global reach, usability, community and marketing.

Bingos.co.uk was one of the first e-gaming operators to secure a celebrity endorsement when it signed UK popstar Kerry Katona as spokesperson in 2005. In 2006, it was the first online bingo site to offer a potential bingo jackpot prize of one million pounds.

"We are very proud to accept this award, especially since the judges are some of the leading authorities and analysts in the online gaming industry," said Dominic Mansour, CEO of Euro Gaming Limited, which operates Bingos.co.uk. "Our entire team has been working tirelessly since launching in 2004 to offer the best bingo experience online and our hard work seems to be paying off. Bingo players certainly love our site, and this recognition by our industry peers reaffirms our belief that we're doing things right."

"We'd like to congratulate Bingos.co.uk on receiving this prestigious award," said Scott White, President and CEO of Parlay Entertainment. "It is certainly well deserved and is recognition by the industry of their excellence as an operator.

"The online bingo industry has truly come of age, and the introduction of this award is evidence of that," Mr. White continued. "The fact that Bingos has been singled-out is further proof that Parlay is simply the best option for online bingo software."

About Bingos.co.uk

Launched in December 2004, Bingos.co.uk is one of the largest bingo sites in the world. The site offers both the traditional 90-number European bingo game and the North American 75-number version. In addition to bingo, Bingos.co.uk has a full suite of gaming options.

Casinonews · 21.11.2006, 10:22

16.11.2006

Parlay Entertainment to Participate in Online Bingo Business Conference

Software developer teams with Bullet Business for Europe's only forum focused on online bingo strategy.

LONDON , United Kingdom — November 16, 2006 — Parlay Entertainment Inc. (TSXV: PEI), the world's leading supplier of Internet bingo solutions, is pleased to announce its participation in Online Bingo Europe 2006, organized by Bullet Business. The one-day event takes place Thursday, December 7, 2006 and is Europe's only online bingo strategy forum.

The conference features senior executives from Parlay, Bingos.co.uk, St. Minver and many others who will speak on all aspects of the online game and how to increase market share and revenues.

"We are pleased to participate in such an event that gathers the brightest minds in the online bingo business today," said Scott White, CEO of Parlay Entertainment. "In our view, anyone who has thought about getting into this rapidly growing segment of the gaming business can use this conference as an excellent forum to learn as much as possible about the variety of options available."

"Online bingo is truly making waves in the online gaming industry," said Pete Carkeek, of Bullet Business Europe. "Whether you're a land based bingo operator, a traditional gambling business, a brand looking to generate more traffic through your website, a software developer with a new solution or a start-up looking to cement your name in the business, this conference will give you the knowledge and contacts to make sure you stay one step ahead of the competition."

07.08.2008, 08:26

It is a very good game for all playing gamers and it is most popular game in the world.

07.08.2008, 08:26	#14 (permalink)
jass123 Beiträge: n/a	Vasu It is a very good game for all playing gamers and it is most popular game in the world.

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21.11.2006, 10:20	#11 (permalink)
Casinonews Admin Registriert seit: 16.06.2005 Beiträge: 2.693	30.08.2006 Chartwell Technology and Parlay Entertainment Agree To Merger CALGARY , Canada — August 30, 2006 — Chartwell Technology Inc. (TSX – CWH) ("Chartwell") a leading provider of gaming software systems to the online and remote gaming industry and Parlay Entertainment Inc. (TSXV – PEI) ("Parlay") the world's leading provider of Internet bingo solutions are pleased to announce their intention to enter into a business combination as agreed to in a binding Letter of Intent (LOI) executed today. The LOI calls for Chartwell, and/or a wholly owned subsidiary of Chartwell, to acquire all of the issued and outstanding common shares of Parlay by way of a plan of arrangement or similar business combination, subject to obtaining all necessary regulatory and court approvals and the approval of the Parlay shareholders and subject to the completion of due diligence by both parties. Under the proposed business combination, Chartwell will issue 0.75 common shares of Chartwell for each issued and outstanding common share of Parlay. Assuming completion of the transaction, Chartwell will issue up to approximately 11.2 million common shares in exchange for all of the issued and outstanding Parlay common shares and post closing, will have approximately 29.9 million issued and outstanding common shares. Outstanding options and warrants to purchase Parlay common shares will either be exercised, cashed out or converted into options or warrants to purchase Chartwell shares. The definitive agreement to be entered into by Chartwell and Parlay will be subject to a number of conditions, including court approvals, stock exchange approvals and the approval of the shareholders of Parlay at a meeting expected to be held in October, 2006. If all necessary approvals are obtained and all other conditions to the completion of the transaction are satisfied or waived, the business combination is expected to be completed by October 31, 2006. Certain major shareholders who are also directors of Parlay, holding approximately 22% of the issued Parlay common shares, have agreed to enter into agreements with Chartwell confirming their support for the proposed business combination. Chartwell and Parlay have each agreed, under certain circumstances, to pay a termination fee of $500,000 (Cdn) to the other party if the business combination is not completed. The merger will combine two significant international software providers in the Internet gaming arena with a compatible customer base, complementary product offerings and identical business models, to better compete on the global stage. On completion of the business combination, the Chartwell board of directors will consist of two founders of each of Chartwell and Parlay and three independent directors. An Office of the CEO will be established with the President and CEO of each of Chartwell and Parlay acting as Co-CEO of Chartwell. A Merger Committee with representatives of both companies will be established to plan for, and manage, the technical, financial and operational aspects of the business combination. The senior executive teams of both Chartwell and Parlay will be combined in Chartwell following the merger. In commenting on the proposed merger, Darold H. Parken, President and CEO of Chartwell said: "Chartwell and Parlay are a perfect fit. In an ever expanding remote gaming industry, Chartwell and Parlay share a unique and highly successful business model and enjoy great reputations. Our combined entity will be a much stronger and effective competitor and our customers will benefit from the merger of our best-of-breed gaming applications and our talented group of people. We are very excited about joining forces and working with the people at Parlay to build the world's most comprehensive and flexible gaming software system, while maintaining our independence from the operation of any gaming business." Also commenting on the proposed merger, Scott White, President and CEO of Parlay added: "Consolidating two growing businesses like Parlay and Chartwell is the first step in our joint creation of a global technology powerhouse. Leveraging our respective excellence and leadership in technology, our common employment cultures, our existing and prospective customer bases and our depth in human resources, we are confident in our ability to develop, license and support a world-class suite of e-gaming products. It is our intention to create a new company which will generate excellent value for our stakeholders, and as our industry moves into the mainstream over the coming years, the fact that we will not compete with our customers will be our most important value proposition." About Chartwell Chartwell Technology Inc. specializes in the development of leading-edge gaming applications and entertainment content for the Internet and wireless platforms and other remote access devices. Chartwell's Java and Flash based software products and games are designed for deployment in gaming, entertainment, advertising and promotional applications. Chartwell does not participate in the online gaming business of its clients nor does Chartwell operate its own gaming sites. Chartwell's team of highly trained professionals is committed to delivering the highest quality software and maintaining its leading edge through continuous development and unparalleled customer support.

21.11.2006, 10:21	#12 (permalink)
Casinonews Admin Registriert seit: 16.06.2005 Beiträge: 2.693	17.10.2006 Best Online Bingo Operator Announced: Parlay-Powered Bingos.co.uk Named Number One LONDON , United Kingdom — October 17, 2006 — Parlay Entertainment Inc. (TSXV: PEI), the world's leading supplier of Internet bingo solutions, is pleased to announce that Bingos.co.uk has been named Bingo Operator of the Year. This first-ever award for online bingo was presented during the annual eGaming Awards Dinner at London's Natural History Museum on October 9, 2006. Bingos.co.uk is powered by software from Parlay Entertainment, the world's leading provider of online bingo technology. The award was established by eGaming Review Magazine to recognise the online bingo operator that has shown leadership in developing the sector. During the judging process, an independent panel considered all aspects of product differentiation, global reach, usability, community and marketing. Bingos.co.uk was one of the first e-gaming operators to secure a celebrity endorsement when it signed UK popstar Kerry Katona as spokesperson in 2005. In 2006, it was the first online bingo site to offer a potential bingo jackpot prize of one million pounds. "We are very proud to accept this award, especially since the judges are some of the leading authorities and analysts in the online gaming industry," said Dominic Mansour, CEO of Euro Gaming Limited, which operates Bingos.co.uk. "Our entire team has been working tirelessly since launching in 2004 to offer the best bingo experience online and our hard work seems to be paying off. Bingo players certainly love our site, and this recognition by our industry peers reaffirms our belief that we're doing things right." "We'd like to congratulate Bingos.co.uk on receiving this prestigious award," said Scott White, President and CEO of Parlay Entertainment. "It is certainly well deserved and is recognition by the industry of their excellence as an operator. "The online bingo industry has truly come of age, and the introduction of this award is evidence of that," Mr. White continued. "The fact that Bingos has been singled-out is further proof that Parlay is simply the best option for online bingo software." About Bingos.co.uk Launched in December 2004, Bingos.co.uk is one of the largest bingo sites in the world. The site offers both the traditional 90-number European bingo game and the North American 75-number version. In addition to bingo, Bingos.co.uk has a full suite of gaming options.

21.11.2006, 10:22	#13 (permalink)
Casinonews Admin Registriert seit: 16.06.2005 Beiträge: 2.693	16.11.2006 Parlay Entertainment to Participate in Online Bingo Business Conference Software developer teams with Bullet Business for Europe's only forum focused on online bingo strategy. LONDON , United Kingdom — November 16, 2006 — Parlay Entertainment Inc. (TSXV: PEI), the world's leading supplier of Internet bingo solutions, is pleased to announce its participation in Online Bingo Europe 2006, organized by Bullet Business. The one-day event takes place Thursday, December 7, 2006 and is Europe's only online bingo strategy forum. The conference features senior executives from Parlay, Bingos.co.uk, St. Minver and many others who will speak on all aspects of the online game and how to increase market share and revenues. "We are pleased to participate in such an event that gathers the brightest minds in the online bingo business today," said Scott White, CEO of Parlay Entertainment. "In our view, anyone who has thought about getting into this rapidly growing segment of the gaming business can use this conference as an excellent forum to learn as much as possible about the variety of options available." "Online bingo is truly making waves in the online gaming industry," said Pete Carkeek, of Bullet Business Europe. "Whether you're a land based bingo operator, a traditional gambling business, a brand looking to generate more traffic through your website, a software developer with a new solution or a start-up looking to cement your name in the business, this conference will give you the knowledge and contacts to make sure you stay one step ahead of the competition."