Isis Lab Corporation
TSX VENTURE : LAB

Isis Lab Corporation

January 13, 2014 09:30 ET

ISIS Lab Signs Agreement With Microgame S.P.A. to Power Online Italian Gaming Sites With Its Bingo Platform

TORONTO, ONTARIO--(Marketwired - Jan. 13, 2014) - ISIS Lab Inc. (TSX VENTURE:LAB) (the "Company" or "ISIS"), is pleased to announce that it has entered into an agreement with Microgame SPA, ("Microgame") to deliver, subject to obtaining necessary regulatory approvals, its bingo gaming platform and related services to current and future operators serviced by Microgame.

Highlights

  • Once the ISIS Bingo Platform is launched under the terms of the agreement, it is expected to be on 125 online Italian gaming sites, catapulting an immediate footprint into Italy.
  • Will make Isis' product available to significant amount of real money players across the Microgame platform.
  • Microgame's customers generated gross gaming turnover of EUR1.5 billion in 2013.

The agreement with Microgame enables ISIS Lab to enter what is considered to be one of the world's largest, fully regulated online gaming market while providing Microgame a significant competitive advantage with its cutting edge Bingo platform to its customers.

Microgame, a leader in the regulated Italian online gaming sector, utilizes today's most innovative technologies, high quality products and services to fully focus on, and meet the requirements of its operators, enabling them to provide best in class gaming experiences to their discerning customers. Microgame is fully licensed by the Italian Gaming Authority, the Autonomous Administration of State Monopolies (the "AAMS") to operate in what is considered to be one of the most regulated, profitable and largest online gaming markets in the world.

The agreement has a term of two years and is subject to the approval of the TSX Venture Exchange and AAMS. Subject to receiving the necessary regulatory approvals, ISIS expects to launch the platform, entering the exciting Italian Online Gaming markets, in the first quarter of 2014.

"Microgame is the largest provider of games and services within the regulated Italian Market. We are extremely pleased that Microgame has chosen ISIS Lab's Bingo platform to power its network," said Daniel Kajouie, Chairman, President and CEO of ISIS. "This agreement will create a large and immediate footprint for Isis in the Italian Market and our partnership with Microgame confirms ISIS as the strong technology provider in the Gaming and Social Media arena."

"Isis Lab's experience and expertise in online Bingo is second to none," said Marco Castaldo, General Manager of Microgame. "Through our partnership we believe we will offer our Italian customers the best platform available and look forward to significant growth in our Bingo revenues."

About ISIS Lab Corporation

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 arena and the gamblification of social games. The ISIS platform was custom developed for both social gaming and monetized gaming for clients operating within regulated markets. ISIS empowers clients operating within fully regulated markets whereby ISIS offers a bespoke turnkey solution including a full commercial application and back office suite of products and functionality. ISIS was the proud winner of 'The 2013 Most Innovative Startup Company' of the year at the 2013 GIGSE Conference in San Francisco, California.

About Microgame SPA

Microgame S.P.A., founded in 1996, is the leading service provider for the online gaming market in Italy. Microgame, authorised by the Autonomous Administration of State Monopolies (AAMS), provides gaming solutions for skill games, poker, casino games, bingo, fixed odds and horse betting, instant lotteries and National tote games. In 2013 Microgame's customers collectively generated a gross gaming turnover of EUR 1.5 billion.

Microgame's main shareholders are Monitor Clipper Partners (MCP) and TPG Growth, two international private equity funds, along with founders and management. The company also manages People's Poker, the largest independent poker network in Italy and one of the most extensive in the world by number of brands represented. Microgame also owns Nuova Pianeta Scommesse, a service provider for licensed betting shops and corners.

On Behalf of Isis Lab Corporation

Daniel Kajouie, Chairman, President and CEO

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 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. Forward-looking statements in this press release include, but are not limited to, statements regarding the expectation of regulatory approval for the agreement with Microgame, the expectation of the launch of the ISIS bingo platform under the agreement with Microgame and entering the Italian online gaming market in the first quarter of 2014, and the expectation for such platform to be on 125 online Italian gaming sites.. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. The forward looking statements involve a number of assumptions, risks and uncertainties. These assumptions, risks and uncertainties include, but are not limited to: the ability of the Company to obtain TSX Venture Exchange, AAMS and any other regulatory approvals needed in connection with the agreement with Microgame; the expected size of the Italian online gaming market reachable through the agreement with Microgame and the acceptance of ISIS' product in the Italian online gaming market; the Company's stage 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 www.sedar.com, 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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