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Vega Acquiring MMODB Online Gaming Software

July 30, 2008

Vega Promotional Systems announced it has entered into an agreement to acquire unique, proprietary software for online gaming which supports massively multiplayer online games (MMOG). This platform can support a user base of more than 80,000 online clients and 7,000 unique logins per day.

Vega will license the proprietary software to online poker websites that will pay a reoccurring licensing fee to the company. The unique software allows users from each licensed website to play in a global, online community against players from other licensed websites throughout the world.

Popularity of High-Speed Internet Provides MMODB Opportunities

Michael Herron, CEO of Vega Promotional Systems said, "This is a major acquisition for our company and will provide us with the ability to expand our business throughout the world and create substantial, ongoing revenue for the company.”

The popularity of high-speed Internet connections in North America, Europe, and Asia, where broadband penetration rates already range from 50 to 90 percent of households, is a driving factor behind the increasing popularity of online MMODB games.

Vega to Offer Licensing for Online Poker Site

Vega recently announced the launch of the "Poker Tour of the Americas" (PTA), a multi-city series of poker tournaments featuring the top professional poker players in the world. The company plans to license the software to an online gaming company to develop a "Poker Tour of the Americas" online poker site.

"The online game development market is still in its infancy,” said Herron, “and there is an opportunity to consolidate many of the junior game developers within this market segment. Online poker has taken off all over the world and by being in a position to provide our unique online software to poker websites, we will be able to capitalize on the industry's tremendous growth and global expansion.”