(NGM: NET B)
Net Entertainment has signed a license agreement for delivery of its new
product CasinoCafé™ with a company which at this point would like to remain
anonymous. This is the first agreement signed for the product which will be
launched in Eastern Europe during the first half of 2008.
“We are delighted to sign this pilot order for CasinoCafé™, a product which we
believe has great potential. CasinoCafé™ combines the cost efficient operation
of an online casino with the market potential of distribution through physical
outlets. This allows us to target a new and very interesting market segment.”
says Johan Öhman, CEO of Net Entertainment.
The licensee, which has well over four decades of experience from land based
casino operation, will launch CasinoCafé™ as a pilot project during the first
half of 2008 followed by a broader roll-out over time.
Johan Öhman continues; “Our continued success is a result of focused efforts to
develop leading innovative products. CasinoCafé™ is an excellent example of
this where we offer a cost efficient alternative to parties that wish to tap
into the vast land based gambling market. We have received much interest for
CasinoCafé™ and expect to sign additional orders in the months to come.”
Net Entertainment develops digitally distributed systems for Internet gaming.
The core product, CasinoModule™, is a complete gaming platform that comprises a
high number of browser based games as well as a powerful administration tool.
Customers are offered a system solution that is adapted to each customer and is
easily integrated with their existing websites. Net Entertainment licenses the
CasinoModule™ on a royalty basis based on the revenues the product generates.
Net Entertainment is listed on the Nordic Growth Market (NET-B). More
information about Net Entertainment is available on www.netent.com.
For more information please contact;
Johan Öhman, CEO Net Entertainment; Phone +46 8 55 69 67 05, Cell; +46 70 486