568 Network take a journey with Cryptologic and Brilliance Technology
January 19, 2007
January 19, 2007 (Beijing) — 568 Network Inc., an online game developer, publisher and operator, has signed a Memorandum of Understanding with Cryptologic Inc. (“Crypto”) and Brilliance Technology Inc. (“Brilliance”) to penetrate the high growth, high potential Chinese market, including China, Macau, Taiwan and Hong Kong.
The three companies will jointly establish a new company in China to adapt CryptoLogic’s online casino and poker games to the Chinese market and develop new poker and casual, skill-based games that are more familiar to players in those areas. Brilliance will establish an operator division to deliver the games in two modes: “play-for-fun” subscriptions for users in internet cafés and on mobile devices, and “play-for-money” through sites licensed by China Welfare Lottery, the nation’s gaming licensing authority.
568 Network Inc, headquartered in Markham, Ontario, Canada, is a game developer, publisher and operator with a Chinese subsidiary already creating games for that market, including card games such as “Fight Landlord” and “Za Jin Hua”, and skill-based casual games such as “Lian Lian Kan” and “Dragon Ball”. Game 568 also controls and operates game portals with more than one million registered users.
Focused on integrity and innovation, CryptoLogic Inc. is a world-leading, blue-chip public developer and supplier of internet gaming software. CryptoLogic’s leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of the company’s gaming software and services to a blue-chip customer base around the world. For information on WagerLogicâ, visit www.wagerlogic.com.
Brilliance is a software developer and systems integrator powerhouse in China, with products that have been awarded various levels of certification by Chinese state agencies, and has a proprietary payment processing system which has facilitated about 45 million transactions. Brilliance will enter into an exclusive licensing agreement with respect to the new company’s online gaming software and service offering, and will apply for all required gaming licenses.
With years of experience in China’s online game industry, 568 Network Inc brings the best knowledge about the China’s online game market, go along with 2 giants, Cryptologic and Brilliance, all three parties believe the new journey will be more than “Successful”.
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