Envoy Group Corp.

August 06, 2015 14:00 ET

Envoy Group Corp. Announces LOI Acquire Picante Gaming N.V.

VALENCIA, CALIFORNIA--(Marketwired - Aug. 6, 2015) - Energy Group Corp (OTCBB:ENVV) is extremely pleased to announce it has signed a Letter of Intent to acquire Picante Gaming N.V., a Curaco based developer of business-to-business software for real time, streaming gaming technology.

Picante Gaming (PG) successfully launched its first interactive software for online casino gaming in 2002 and after many years of research and development, has become a leader in providing High Definition (HD) live action casino table based games. Picante now holds over 40 licenses worldwide and has integrated themselves over multiple platforms to provide the end user with various live dealer games as well as the ability to develop new games based on specific needs. Picantes' software has successfully processed over 250 million transactions.

Envoy Group recognises that PG provides the growing online gaming community with security and ease of play. Envoy feels that Picante has eliminated the threat that a player is solely playing against potentially manipulative software. Live action, real dealers, high definition, a user friendly interface and multiple camera play ensure the most realistic casino experience on the net.

PGs' advanced software gaming systems include innovative interfaces for mobile, tablet, desktop and now hotel room game play. PG offers unique multi-table features for game players, multiple gateway integration, and a 16:9 HD wide screen live casino interface with a large game selection that includes Poker, Blackjack, Roulette, Baccarat, Punto Banco and many more. PG has continuously improved its performance since first launch and has heightened customer loyalty by allowing players to personalize their betting preferences and be engaged as they would in a conventional casino setting.

Picante Gaming boasts a strong team developers and system architects with decades of combined experience. PG currently has over 30 nodes in 18 countries to ensure powerful fast connection and has continually increased turnover year after year and has seen over a 60% increase in transactions in the last 10 months.

Picante has established key strategic partnerships and has created a strong revenue stream from over 50 client operators which include such companies as Pinnacle Sports, Real Time Gaming, Finnplay, Bets King and Monte Casino. Picante operates with a state of the art studio which can be easy adapted for significant growth.

The previously announces LOI to acquire Softac Systems has been terminated.

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Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company's filings with the SEC. Such risks and other factors include, among others, the ability to locate and acquire suitable interests in oil and gas properties on terms acceptable to the Company, the availability of financing on acceptable terms, accidents, labor disputes, acts of God and other risks of the oil and gas industry including, without limitation, risk of liability under environmental protection legislation, delays in obtaining governmental approvals or permits, title disputes or claims limitations on insurance coverage. The Company believes that the expectations reflected in the forward-looking statements included in this news release are reasonable; however, no assurance can be given that these expectations will prove to be correct, and such forward-looking statements should not be unduly relied upon. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.

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