CONTAGIOUS GAMING SECURES NEW DEVELOPMENT CONTRACT AND EXTENDS EXISTING CONTRACT WITH MAJOR SOCIAL GAMING PUBLISHER
NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES
VANCOUVER, B.C., July 4, 2015 – Contagious Gaming Inc. (TSX-V: CNS) (“Contagious Gaming” or the “Company”) is pleased to announce that the Company, through its wholly-owned subsidiary Telos Entertainment Inc., has secured an additional development contract as well as an extension and expansion to the scope of an existing development contracts with a major social gaming content publisher (the “Development Contracts”). The Development Contracts term extends until July 1, 2017 and represents C$2.8 million (US$2.2 million) in total contracted revenue.
Peter Glancy, CEO and Director, commented “The additional development contract as well as the expansion of one of our existing contracts provides Contagious Gaming with a significant increase to our contracted revenues and is a tangible endorsement of our digital content production as a world class development studio and reinforces the strength our relationship with an industry leader in mobile social gaming content.”
Note: US$ converted to C$ at an FX rate of 1:1.29
About Contagious Gaming
Contagious Gaming Inc. (TSX-V: CNS) is a trusted software developer focused on providing dynamic gaming solutions regulated gaming operators and lotteries around the world. Contagious Gaming offers sports betting, pool betting and iGaming solutions targeted at the online retail and mobile gaming markets. Our unique offering of content and technology can be delivered as a fully integrated service across a single, modern customer platform or can be offered as standalone verticals.
For more information on Contagious Gaming please visit www.contagiousgaming.com.
For further information please contact:
Craig Loverock, Chief Financial Officer
Email: craig.loverock [at] contagiousgaming [dot] com
Phone: (647) 984-1244
Justin Barragan, Corporate Development
Email: justin.barragan [at] contagiousgaming [dot] com
Phone: (647) 886-8551
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information in this news release is considered forward-looking within the meaning of certain securities laws and is subject to important risks, uncertainties and assumptions. This forward‐looking information includes, among other things, information with respect to the Company’s beliefs, plans, expectations, anticipations, estimates and intentions. The words “may”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “target” and similar words and expressions are used to identify forward‐looking information. The forward-looking information in this news release describes the Company’s expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company’s forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD‐LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.