Isis Lab Corporation

December 02, 2013 09:00 ET

ISIS Lab to Power ISIS Friends®-World's First Regulated Real Money Social Gambling Network Through Agreement With Cladstone Ltd.


- World's first regulated, social gaming platform - Entrance into one of the world's largest social and real money online gaming markets

- Cladstone adds 30 years of casino management experience

- Convergence of social gaming and online real money gambling

- On track to have the largest portfolio of games available for social online gaming

TORONTO, ONTARIO--(Marketwired - Dec. 2, 2013) - ISIS Lab Corporation (TSX VENTURE:LAB) (the "Company" or "ISIS"), is pleased to announce that is has entered into an agreement with Cladstone Ltd. ("Cladstone") for the launch of ISIS Friends® into the United Kingdom's social and real money online gaming market. As a result of the agreement with Cladstone, ISIS Friends®, the world's first regulated and award winning platform will soon be available to UK residents.

ISIS Friends will be the first true social network built and regulated for the online gaming market providing the UK audience with a product differentiator both from a social interaction perspective and a substantial library of games available and integrated at launch. ISIS Friends® is on track to have the largest portfolio of games available for social online gaming. ISIS Friends® cutting-edge technology is designed to be future ready, scalable, modular, with the ability to expand integrations without limit. ISIS Friends® was built with the ability to support third-party game integrations, cashier support, customer support, social networking, and backend operator support.

"The launch of the exciting ISIS Friends® social gaming platform is the culmination of years of work and research." said Daniel Kajouie, President, CEO and Chairman of ISIS. "ISIS is exceedingly excited to bring the future of online gaming, in partnership with Cladstone, to the UK market. Launching with hundreds of games, ISIS Friends® members will be able to share, play and wager their favourite games with their friends for the first time within a safe, secure and completely legal environment."

About Cladstone Ltd.

Cladstone, a private Isle of Man company, is a highly experienced casino management company with significant experience running some of Europe's largest land based and online properties. Cladstone is licensed by the Isle of Man Gambling Supervision Commission (the "GSC") to operate online gambling activities in the United Kingdom. The GSC is a body corporate that licenses and regulates land-based gambling operations (casino, amusement and slot machines, betting offices and lotteries) as well as all online gambling activities in the Isle of Man. Isle of Man license-holders are "white-listed" by the United Kingdom Gambling Commission, and therefore Isle of Man license-holders are entitled to advertise their services in the United Kingdom.

Appointment of Vice President of Corporate Development and Communications

The Company is also pleased to announce the appointment of Ms. Ute Koessler as Vice President of Corporate Development and Communications. Ms. Koessler brings to the position a broad depth of experience having worked in North America and Europe. Prior to joining ISIS, she served as Director of Corporate Development and Communication, (November 2006 to June 2011), with Minco Gold Corporation and Minco Silver Corporation, where she was subsequently promoted to Vice President of Corporate Communications in July of 2011. Prior to joining Minco Mining, Ms. Koessler was involved with several early and mid-stage technology companies.

Granting of Options

ISIS will also like to announce that it has granted an aggregate of 3,886,746 stock options to various directors, officers and consultants. An aggregate of 3,386,746 options is exercisable at $0.40 per common share, an aggregate of 300,000 options are exercisable at $0.75 per common share and aggregate of 200,000 options is exercisable at $1.25 per common share. Each option is exercisable at various dates ranging from two (2) to five (5) years from date of issuance.

About ISIS Lab Corp.

ISIS is the developer and provider of an award winning social gaming software platform. With experienced social gaming leadership and development teams, ISIS Lab looks to leverage the anticipated growth in regulated, real-money, online gaming through the application of the social graph and the gamblification of social games. The ISIS platform was developed for both social gaming and monetized gaming for clients operating within regulated markets. For ISIS clients operating within fully regulated markets the company offers a turnkey solution including a full commerce application and back office suite. ISIS was the winner of The 2013 Most Innovative Startup Company of the year at the 2013 GIGSE Conference in San Francisco, California.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Information:

Certain statements in this press release may constitute "forward looking'' statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this press release, such statements may use such words as "may'', "will'', "expect'', "believe'', "plan'' and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. Forward looking information in this press release includes management's expectation on the regulatory approval of the appointment of Kin and granting of the Options to Kin as well as anticipated terms of the Options. These forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the Company's stages of development, long term capital requirements and future ability to fund operations, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of ISIS operates. The foregoing list of factors is not exhaustive. Please see the Company's prospectus dated October 23, 2013, available on, for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward looking information, whether a result of new information, future results or otherwise, except as required by law.

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