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Casinos> 2007
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Online Poker Software Firm Looking For Business
Playwize plc seeks shareholder authority to raise capital
for marketing
It appears that Playwize plc, the AIM-listed games developer with
links to Microgaming may be gearing up to market its reportedly
exciting new animated 3d poker software package which was the subject
of much publicity last year.
The company is apparently seeking shareholder authority to raise
additional capital for further development projects and marketing
initiatives aimed attracting licensees to the new product, which
could ultimately see additional sites joining the Microgaming Poker
Network.
The company, formerly known as Bits Corp plc is one of the UK's
leading video games designers, having developed innovative and exciting
games for consoles such as XBOX, PS2 and Nintendo GameCube. Last
year company spokesmen promised a new 3d poker brand that would
compete with the aesthetically appealing PKR brand and be available
to licensees for an upfront payment plus royalties agreement. Beta
testing was projected for the second half of 2006, with an arrangement
for the MPN to look after all backend operations giving significant
player liquidity to thoroughly test the product.
Last year, Playwize boasted that its new product could herald the
end of 2d poker, commenting: "Games developed under the Playwize
brand will change the look of online gaming with realistic 3-D environments
and other unique features. With Pokerwize, the company's first new
offering, players will experience a revolutionary new way to enjoy
the game, including real-time voice chat, full statistics calculator,
and an in-depth 3-D tutorial with TV and poker celebrity Helen Chamberlain."
Bold words. Now comes the delivery....
As we went to press, the company had not responded to a request
for comment or further information.
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