Gate to Wire Solutions, Inc.
OTC Bulletin Board : GWIR

Gate to Wire Solutions, Inc.

April 15, 2009 09:15 ET

Gate To Wire Solutions Engages Function Mobile to Develop SMS Platform

TORONTO, ONTARIO--(Marketwire - April 15, 2009) - Gate To Wire Solutions, Inc. (OTCBB:GWIR) ("Gate To Wire") announced today that it has entered into a development agreement with Function Mobile, Inc. ("FMI") for an interactive Short-Message-Service ("SMS") platform targeting horseracing and pari-mutuel wagering markets in Latin America.

According to the agreement, FMI will exclusively develop a comprehensive suite of SMS wagering products and horseracing-based games on behalf of, and in conjunction with Gate To Wire, who in turn will own outright all intellectual property rights to the products, promotions and services developed.

Once developed, Gate To Wire will implement the wagering SMS platform in appropriate Latin American locations, providing interface and interconnectivity to a tote system and wagering hub so that the wagers can be processed in accordance with all appropriate laws and regulations.

"Gate To Wire focuses on how to get wagering and pari-mutuel product to the people who want them," said Ted Boyle, President of Gate To Wire, today. "Text messaging continues to grow worldwide, but its growth is particularly strong in Latin America and provides an excellent platform for our pari-mutuel products. We are very excited about our new relationship with Function Mobile," he continued. "Not only are they developing great technology for us, but they also have key telecom relationships that are central to getting our wagering applications and games out there."

"We provide mobile media solutions, and have extensive experience in Latin America," said Marc Askenasi, President of FMI. "And regardless of how widely adopted other mobile technologies appear to be, all our research indicates that SMS will remain the most dominant mobile messaging format for most of the next decade. Some analysts predict that SMS will become a $100 billion business by 2010, and worldwide total traffic will reach almost 5 trillion messages by 2011. It's a great business to be in, and it's the ideal delivery method for Gate To Wire's pari-mutuel services. I'm looking forward to working with Ted and his team."

Also according to the agreement, FMI will provide Gate To Wire with continued technical support and ongoing services as required for operation of the its interactive SMS platform. For promotion and distribution, FMI has committed to enter into agreements with local telecommunications companies to provide SMS interconnectivity for the operation, as well as marketing and promotion of the Gate To Wire interactive SMS platform. Revenue collection will occur via telecom billing.

Gate To Wire will pay an as yet to be determined development fee for each game developed through this agreement based on an agreed upon scope of work, in addition to an ongoing service fee of 10% of net revenues generated through the platform for ongoing service and support.

Gate To Wire Solutions, Inc. is a pari-mutuel wagering solutions provider to international horseracing and pari-mutuel wagering organizations. For more information, please visit www.g2wsolutions.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of G2W could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, included in our SEC filings.

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