| SmartVideo Signs Exclusive Agreement to Bring Billion Dollar Gaming Service to Mobile Devices |
SmartVideo Technologies (OTCBB: SMVD.OB), today announced that it has entered into a worldwide exclusive two-year promotional agreement with SBG Global, to include the world's largest and most respected sportsbook and online casino as part of its content offering for mobile consumers having cell phones, PDAs, and wireless laptops. Smart Video expects to drive millions of new viewers to SBG and, as a result, will receive promotional revenues from each of the new worldwide markets and devices that are allowed by law to view or play on the SBG platform.
As part of the Agreement, SBG Global will actively promote SmartVideo's mobile content offerings to its more than one million monthly Website visitors and those of its affiliates. As the sportsbook and online casino market leader, SBG Global will make their products available to mobile consumers through SmartVideo's distribution platform that reaches more than 75 countries daily. In regions of the world where appropriate, SmartVideo will promote SBG Global as part of its content offerings and, in addition to the revenue from its core video product, SmartVideo will participate in promotional revenue streams from SBG Global.
Eduardo Agami, founder and CEO of SBG Global said, "I am extremely excited by the opportunity to make our sportsbook and online casino available worldwide on cell phones, PDAs, Wi-Fi enabled mobile devices and wireless laptops. With televised poker becoming one of the hottest, fastest growing shows, featured on ESPN, BRAVO, Fox Sports, and many other TV channels around the world, we recently released PokerHost, the newest edition to our gaming lineup. It's only natural that our audience will move from being a TV spectator to one of the live players! SmartVideo's expertise is in helping us reach this active, mobile audience."
SBG is licensed in United Kingdom and Costa Rica and is a member of the Costa Rican Gaming Association. Many sportsbooks and casinos claim to have accomplished what SBG Global has but with over 250,000 satisfied customers, its reputation speaks for itself. Within ten years, SBG Global has become the industry leader by winning various awards and setting a world renowned standard for customer satisfaction. SBG Global is best known as the premiere provider for online gambling, having revenues in excess of one billion dollars, in an industry whose 2005 revenues are expected to exceed $10 billion.
Commenting on the deal, Richard E. Bennett, Jr., president and CEO of SmartVideo Technologies, Inc., said "One of the reasons we sought out SBG Global was because of their reputation for being the world's largest and most respected sportsbook and online casino. This is another example of how we are executing our strategy to deliver compelling content to our audience, which generates meaningful and diverse revenue streams. We firmly believe that compelling content and strong distribution channels we have announced recently are the critical keys to achieving our financial objectives."
About SBG Global
Located in San Jose, Costa Rica, SBG Global is federally licensed by both the Costa Rican and British governments. Founded in 1997, SBG Global has over 600 employees and has been acknowledged as one of the true "leaders and innovators" of the online gaming industry. During 2004, SBG Global's revenues exceeded one billion dollars and with the recent release of its proprietary poker site, www.pokerhost.com, another record breaking year is anticipated. Mr. Eduardo Agami, founder and CEO of SBG Global, was elected president of the Costa Rican Gaming Association, a title he still holds today. The Costa Rican Gaming Association represents the interest of over 100 online gaming operators.
Source: Business Wire
Tuesday, 13 September 2005
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