In 2003, overall Internet gaming wagers totaled nearly $5.7 billion and according to industry analysts, Christiansen Capital Advisors, wagers will grow to more than $18 billion by the year 2010.
According to Screen Digest there are more than 400 million game-enabled handsets world wide and 2004 mobile gaming revenues are nearly $1 billion. Wireless Week estimates there were at least 183.1 million U.S. wireless subscribers in 2004.
"We build software and license it to gaming companies," Jensen said. "We believe there are more than 2,000 gaming companies in the market willing to offer Texas Holdem for play on a mobile phone. Players can download and play the play-for-fun version today at our website. Our play-for-money version of Texas Holdem is available for licensing today."
Jensen said according to industry analysts at PokerPulse.com, only 210 sites are dedicated to poker (as of October 2004), and the vast majority of these support only a handful of players. "There is a tremendous opportunity for growth," he said.
About MobileGamingNow, Inc. (MGN)
MobileGamingNow, Inc, located in Seattle, Washington, acquired a new mobile phone gaming technology called the Mobile Gaming Platform(C) in March 2005. The software company offers a license to gaming companies who, under proper gaming licenses, want to offer mobile Texas Holdem to players. MobileGamingNow's first mobile game on its gaming platform is MGN Mobile Poker, an interactive, multi-player Texas Holdem poker game. The company's website is located at http://www.mobilegamingnow.com.
This press release contains "forward-looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in MobileGamingNow, Inc. reports that will be on file with the US Securities and Exchange Commission.
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