SOURCE: Carlyle Entertainment Ltd.

April 06, 2016 19:26 ET

Carlyle Entertainment Trades on the CSE

VANCOUVER, BC --(Marketwired - April 06, 2016) - Carlyle Entertainment Ltd. ("Carlyle" or the "Company") (CSE: OLG) is pleased to advise that its common shares commenced trading on the Canadian Securities Exchange (CSE) under the symbol "OLG".

Carlyle Entertainment Ltd. owns and maintains legal and licensed interactive software-based games of chance, focused on fully commercializing its online casino and sports book to become the premier interactive gaming and entertainment provider for regulated markets. Through its development of the Global Multi-Player Software Platform, which was coded specifically for use in the online casino and sports book markets, Carlyle has developed a unique platform that allows the Company to offer a diverse array of online casino games as well as robust card games that are easy-to-use and quick-to-play.

The Company has an issued share capital of 64,443,399 common shares which includes the issuance of 1,000,000 common shares at a price of US$1.00 per share pursuant to a private placement on February 23, 2015 and 1,000,000 common shares at a price of US$1.25 per share pursuant to a private placement on June 8, 2015.

The Canadian Securities Exchange (CSE) is a growing stock exchange for the shares of emerging companies, debt securities and structured products. Investor's benefit from the enhanced disclosure required by the CSE's listing policies.

Sandy Masselli, CEO of Carlyle comments, "We are delighted to have commenced trading on the CSE and we are looking forward to providing meaningful liquidity to our shareholders and to extending OLG's business opportunities internationally."

ON BEHALF OF THE BOARD
David Jackson,
Director

Forward Looking Statements:

Certain information in this news release is 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, including with respect to the Company's listing on the CSE. 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, the Company's ability to expand into new markets, to engage and retain qualified key personnel, employees and affiliates, to obtain capital and credit and to protect its intellectual property rights.

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.

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