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ProGaming Platforms Inc. Signs Joint Venture/Co-Development Agreement With Zenetek to Enter 600 Million Dollar Southeast Asia Gaming Market
ProGaming Platforms Inc. Signs Joint Venture/Co-Development Agreement With Zenetek to Enter 600 Million Dollar Southeast Asia Gaming Market.
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[{"type":"text","content":"\n\n\n\n\n\n\n\nProGaming Platforms Inc. Signs Joint Venture/Co-Development Agreement With Zenetek to Enter 600 Million Dollar Southeast Asia Gaming Market\n\n\n\n\n\n\n\n\n\nProGaming Platforms Inc. Signs Joint Venture/Co-Development Agreement With Zenetek to Enter 600 Million Dollar Southeast Asia Gaming Market\n\nPR Newswire\n\nNEW YORK, February 19, 2013\n\n\n\n\n\n\n\nNEW YORK, February 19, 2013 /PRNewswire/ --\n\n\nProGaming Platforms Corp. (OTCBB: PPTF) (OTCQB: PPTF) (Pinksheets: PPTF), developer of a commercial multiplayer online gaming and reward processing platform, today announced that it. has signed a Joint Venture agreement with Zenetek LLC to market the Company's online gaming services in the Southeast Asia market. ProGaming's robust platform is able to host anywhere from 2 to 4000 competitive gamers at the same time.\n\n\nAccording to Niko Partners, a leader in Asian Video Game Market Intelligence, Revenues for Online Gaming will Exceed USD 1 Billion by 2016. Using real-world industry- generated statistics, Niko also predicts that there will be 117 million gamers throughout the Southeast Asian emerging markets, generating more than $1 billion in revenue per year, which revenues are expected to increase exponentially for the next decade.\n\n\nPursuant to the Joint Venture agreement, Zenetek will be granted exclusive representation/distribution rights for China, Taiwan, Hong Kong, Vietnam, Singapore and Indonesia markets for a twelve month period.\n\n\nOur platform's first commercial use, for which Zenetek will be using Progaming's state-of-the-art puzzle game, will be serving the online advertising industry by allowing different organizations to hold multiplayer tournaments for the purpose of increasing traffic to their designated Web sites. The next phase of our puzzle game's development will focus on implementing API to provide an innovative and interactive rewards-based puzzle gaming experience to users. In parallel, Zenetek will dedicate marketing efforts to sell ProGaming's patented GER (Game event record) generic platform to gaming saloons and virtual gaming farms to allow gamers to turn their skills to money. ProGaming's new puzzle game enables jigsaw puzzle enthusiasts to take their hobby to a whole new level. With the puzzle game, pa...