|By Marketwired .||
|August 18, 2014 06:00 AM EDT||
TORONTO, ON--(Marketwired - August 18, 2014) - ISIS Lab Corporation (TSX VENTURE: LAB) (FRANKFURT: ISX) (Frankfurt WKN: A1XB97) (the "Company" or "ISIS") is pleased to announce it has entered into an agreement with TelecomX ("TelecomX") to provide MTN Group Limited ("MTN"), Africa's largest mobile operator, with its mobile gaming application platform.
The Company has agreed to provide MTN, through TelecomX, its mobile gaming platform, ISIS Friends®, the world's first regulated social gaming community.
MTN currently operates through most of Africa and the Middle East and has approximately 215 million subscribers.
The agreement provides for a variety of initiatives, including, but not limited to, the ISIS gaming platform being preloaded onto MTN's smart phones, which MTN estimates will be sold to over one million customers during 2014 in South Africa alone.
Initially, ISIS will launch its fully functional mobile proprietary Bingo game to MTN customers on a free play basis. Upon successful launch of this initial application, ISIS will introduce additional games to the MTN base, which hold a significant track record of success within the Facebook/ Apple and Android networks, generating revenues based on Freemium, in-Game ads and other non-gambling revenue models.
The agreement between TelecomX and ISIS is subject to the parties executing a definitive agreement and TSX-Venture Exchange approval.
Daniel Kajouie ISIS Lab CEO said about the deal, "ISIS Lab is excited to be able to leverage TelecomX's relationship with MTN and the reach that MTN has to such a large customer base to whom we can bring our unique suite of cross border, multi-lingual social games that have found good traction in other parts of the world."
MTN SA General Manager - Products and Solutions Mike Fairon said, "We believe that the offering that TelecomX/ ISIS brings will enable MTN SA to carve a niche in the market and make us a leader in the rapidly growing world of mobile social gaming."
TelecomX is the exclusive provider of certain products and services to the MTN group. TelecomX has a master services agreement with MTN to provide MTN with value added applications.
ABOUT MTN GROUP LIMITED
Launched in 1994, the MTN Group is a leading emerging market operator, connecting subscribers in 22 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: "MTN." As of 30 June 2014, MTN recorded 215 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d'Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo-Brazzaville), Rwanda, South Africa, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. Visit us at, www.mtnbusiness.com, www.mtn.com and www.mtnmmo.com
About ISIS Lab Corporation
ISIS is the winner of "The Most Innovative Start-up Company of the Year" at the 2013 GIGSE Conference in San Francisco, California, and is the developer and provider of an award winning social gaming software platform. With experienced social gaming leadership and development teams, ISIS looks to leverage the anticipated growth in regulated, real-money, online gaming through the application of the social graph and the gamblification of social games. The ISIS platform was developed for both social gaming and monetized gaming for clients operating within regulated markets. For ISIS clients operating within fully regulated markets the company offers a turnkey solution including a full commerce application and back office suite.
The Company's flagship product ISISFriends® will be the first true social network built and regulated for the online gaming market providing audiences within regulated markets with a product differentiator from a social interaction perspective and is on track to have the largest portfolio of games available for social online gaming. ISISFriends® cutting-edge technology is designed to be future ready, scalable, modular, with the capability to expand integrations without limitation, and is capable to support third-party game integrations, cashier support, customer support, social networking, and backend operator support.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information:
Certain statements in this press release constitute "forward looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this press release, such statements may use such words as "may", "will", "expect", "believe", "plan" and other similar terminology. These statements include, but are not limited to statements that, ISIS will provide MTN and TelecomX with its mobile online gaming platform to be preloaded onto MTN's smartphones, ISIS launching its mobile Bingo game to MTN customers, MTN's estimate of sales of smartphones in 2014; ISIS introducing additional games to the MTN base, ISIS Friends® will be the first true social network built and regulated for the online gaming market, that ISIS Friends® is on track to have the largest portfolio of games available for social online gaming, and that the regulated, real-money online gaming market is anticipated to grow. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. The forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, delays with the launch of ISIS Friends® and the acceptance of the product in the target market, competition in the industry and markets in which the Company operates, the Company's stage of development, long term capital requirements and future ability to fund operations, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of ISIS operates. The foregoing list of factors is not exhaustive. Please see the Company's prospectus dated October 23, 2013 and other documents available on www.sedar.com, for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward looking information, whether a result of new information, future results or otherwise, except as required by law.
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