Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

ProGaming Platforms Corp. (PPTF) Announces License Agreement with a Major European Satellite Equipment Provider

ProGaming Platforms Corp., developer of a commercial multiplayer online gaming and reward processing platform, today announced the execution of a twelve-month, $90,000 exclusive licensing agreement with GT-SAT International of Luxembourg (www.gt-sat.com), a major supplier of satellite equipment in the European Union.

The company has agreed to grant GT-SAT International an exclusive license to use and implement ProGaming’s proprietary platform in Luxembourg, Belgium, and the Netherlands. Leveraging the powerful capabilities of ProGaming’s platform, GT-SAT International’s satellite technology can enable an infinite number of end-users to challenge one another in pay-per-play skill competitions, with game winners receiving monetary rewards.

Guil Mediouni, CEO of GT-SAT International, commented, “Through our 15 years of experience, extensive relationships with satellite providers, and deep knowledge of the satellite television and internet markets, we are relatively certain that online gaming will continue to grow rapidly in popularity, and we believe that we will be able to successfully integrate ProGaming’s platform to offer end-users a wide variety of skill games with a reliable commercial reporting and payout system.”

Tamir Levinas, CEO of ProGaming, added, “We are extremely pleased to record our first licensing deal with a partner that boasts a strong reputation as a long-standing provider of satellite equipment throughout Europe. GT-SAT International represents an ideal partner with solid technical and marketing capabilities. This license agreement attests to the strength of our technology and business model going forward, and is an exciting milestone for our young company.”

Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net