17 Jul 2009 07:00
Probability plc / Index: AIM / Epic: PBTY / Sector: Gaming
Probability plc ("the Company")
Strategic Agreement - 888 Holdings plc / Dragonfish
Probability plc, the AIM quoted mobile gambling specialist, is pleased to announce that it has entered into a major strategic Agreement with Dragonfish, the independent business-to-business division of 888 Holdings Plc, one of the world's leading on-line gaming entertainment companies.
Under the multi-year Agreement, Probability and Dragonfish will develop and execute opportunities for mobile gaming and mobile Lottery services in a number of territories worldwide including China, South and Central America.
The Agreement envisages a partnership based on the complementary strengths of the two companies. Probability will provide the mobile specific technologies required for any engagement secured under the Agreement, whilst Dragonfish will deploy its expertise in business development, marketing, service and management of the contracts globally.
Revenues generated from commercial opportunities under the Agreement will be shared between the companies.
Commenting on the Agreement, Probability CEO Charles Cohen said:
"The signing of this Agreement underpins Probability's status as the leading end-to-end supplier of mobile gaming and mobile lottery technology and services. It also represents a leap forward for our nascent business-to-business offering, giving us fast track access to global markets with a highly reputable and capable partner.
Dragonfish has already identified a number of opportunities for us to explore together and we look forward to keeping investors apprised of key developments as they arise."
Gabi Campos, Managing Director of Dragonfish, said:
"Dragonfish has an excellent track record in developing partnerships in new growth markets and our agreement with Probability creates another platform for us to work with new partners under government licensing."
For more information please see www.probability.co.uk or www.888holdings.com.
Contact details:
| Probability: | Charles Cohen, CEO +44 (0) 20 7290 0640 |
| Charles@probability.co.uk | |
| Collins Stewart Europe (NOMAD): | Bruce Garrow, +44 (0) 20 7523 8350 |
| BGarrow@collinsstewart.com | |
| 888: | Andrew Benbow Bell Pottinger Corporate & Financial +44 20 7861 3232 |