17th Sep 2007 07:01
Playwize PLC17 September 2007 17 SEPTEMBER 2007 PLAYWIZE PLC ("Playwize" or the "Company") DEVELOPMENT AND LICENCE AGREEMENT WITH LADBROKES INTERNATIONAL The Board of Playwize, the AIM quoted developer of software for theentertainment industry, is pleased to announce that it has signed a developmentand licence agreement with Ladbrokes International Ltd. ("Ladbrokes"), a whollyowned subsidiary of Ladbrokes plc, a world-leading provider of interactivebetting and gaming services. Pursuant to this agreement, Playwize will develop and licence to Ladbrokes anexclusive version of its innovative online 3-D poker for use by players on theLadbrokes poker network. The two-year agreement provides for a contributiontowards development costs in the form of a development fee and ongoing licensingfees under a revenue sharing arrangement with Ladbrokes. Foo Katan, Chief Executive of Playwize said: "We are very excited about creatinga poker room for Ladbrokes that incorporates advanced 3-D technology with ourexclusive features including real-time statistical calculators, interactivetutorial and live voice chat. The agreement represents the first step in theCompany's new strategy to develop and license its online 3-D poker technology tothird-party poker rooms; the Company anticipates that more similar agreementswill follow." Colin Cole-Johnson, Director of Gaming at Ladbrokes, said: "The Playwize 3-Dsoftware has an impressive interface that is supported by unique interactiveplayer development content, so we firmly believe this will broaden the appeal ofonline poker. Importantly, the new 3-D platform is fully integrated with ourexisting software so this will help us build liquidity". - Ends - Enquiries: Playwize plc 020 8282 7200Foo Katan, Chief Executivewww.playwize.com Hanson Westhouse Limited 020 7601 6100Bill Staple/Martin Davison Notes to Editors About Playwize Plc Playwize Plc (formerly Bits Corp Plc) is a leading developer of software for theentertainment industry. Playwize, having been a developer of games for consolessuch as Xbox, PS2 and Nintendo GameCube, is now bringing this technology to thefield of online gaming. Games developed under the Playwize brand will change thelook of online gaming with realistic 3-D environments and other unique features. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Ladbrokes Coral