Technology PR:
London, UK June 6, 2008 -- Parlay Entertainment Inc. (TSXV: PEI) the world's leading supplier of Internet and TV bingo software solutions, is pleased to announce that Bingo Palace has been granted an eGambling license by the Alderney Gambling Control Commission. BingoPalace.co.uk is an online brand operated by Azul Europe, which is a licensee of Parlay's bingo software.
As part of Bingo Palace's licensing process, Parlay Entertainment was required to demonstrate that its software complies with Alderney's rigorous operating requirements and high standards of regulation. The acceptance of Parlay software for operation within Alderney - a UK 'white listed' jurisdiction - comes in addition to Parlay's existing gaming licenses and certifications in Malta, the United Kingdom and Isle of Man.
Alderney's Head of E-Commerce Development, Robin Le Prevost said: "It has become quite clear that Alderney is attracting more than our fair share of the world's leading bingo operators. Parlay and Bingo Palace were obvious omissions which we are delighted to see rectified. Alderney's unbeatable combination of forward looking regulation, fabulous technical infrastructure and an unmatchable commercial environment takes us to new levels as an eGambling jurisdiction. Parlay and Bingo Palace are very welcome additions to our growing stable of first class operators and software developers."
Peter Trinz, Senior VP for Parlay Entertainment said: "We're pleased that Parlay's software has been approved for operation within Alderney, which is quickly becoming home to some of the world's best gaming brands. Azul Europe is already well established with its Bingo Palace brand, and their new home in Alderney will give players in the UK the confidence that goes along with a safe, secured and trusted jurisdiction.
"The approval is also further validation of Parlay's industry leadership position," continued Trinz. "Remote gambling operators can now run Parlay software in any one of Europe's top tier white listed jurisdictions."
About Parlay Entertainment:
Parlay Entertainment Inc. is the world's leading developer and dominant licensor of Internet bingo solutions. As the inventor and holder of Internet bingo patents¹, Parlay was the first company in the world to develop and deploy a commercial Internet bingo product. Parlay Bingo is available in both 75-number and 90-number versions and is complemented by a full suite of lottery and casino games. Our multi-player, multi-platform technology is used to power more online bingo sites than any other software provider in the world. Some of the world's best-known brands use Parlay Bingo solutions, including Virgin, Yahoo!, Paddy Power, Bet24, NetPlay TV and Bingos.co.uk, as well as bingo network partners St. Minver and Chartwell. Parlay's head offices are in Oakville, Canada with offices in Bridgetown, Barbados and Valletta, Malta.
Contact:
Parlay Entertainment
Steve Cook, European Managing Director
scook @ parlaygroup.com
For more information on Parlay solutions and services, please visit our website at http://www.parlaygroup.com.
This document may contain statements about expected future events and/or financial and operating results of Parlay Entertainment Inc. that are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions and other forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements.
The TSX Venture Exchange does not accept any responsibility for the adequacy or accuracy of this release.
1 United States Patent No. 6,585,590, Canadian Patents No. 2,340,152 and 2,618,843, with other Patent applications pending in other countries.
