SOURCE: MGN Technologies, Inc.

March 28, 2007 13:22 ET

MGN Technologies Announces Corporate Update

KIRKLAND, WA -- (MARKET WIRE) -- March 28, 2007 -- MGN Technologies Inc. (OTCBB: MGNLF), a software developer and marketer who developed the first multi-player Texas Hold'em game for free or money with integrated PC and mobile play, today provides an update on the Company and its plans moving forward.

The past 12 months have seen substantial changes for the Company. Based on changing market conditions resulting from the passing of the Unlawful Internet Gambling Enforcement Act of 2006 we are undergoing changes in order to re-position the Company for the future. The passing of the act drastically reduced the number of companies able to use the services Mobile Gaming Now was providing.

-- We are repositioning the Company to take advantage of our marketing ability, technology and expertise.

-- We have new contact information. Our new address is 12-1730 Broadway St., Port Coquitlam, B.C. V3C 2M8. Our new telephone number is 604 945-2405.

-- The first week of April we are launching a new website at www.mgn-inc.com. Our current website is www.mobilegamingnow.com.

"We are going to reposition the Company to take advantage of our strengths and develop a solid business model in Internet marketing. We were marketing our gaming platform extensively and were gaining solid ground. However, overcoming the extreme market conditions made it difficult to grow our business," said Mark Jensen, CEO of MGN Technologies.

About MGN Technologies

MGN Technologies is a software developer and marketer located in Vancouver, British Columbia. Please go to www.mgnmobile.com for more information.

Forward-Looking Statements

This press release contains certain statements which are not historical or current fact and constitute forward-looking statements within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such forward-looking statements are based on our best estimates of future results, performance or achievements, based on current conditions and the most recent results of the Company. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms may, will, potential, opportunity, belies, belier, expects, intends, estimates, anticipates or plans to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Don Currie
    Toll Free 1-888-602-9596
    Direct Line 1-604-945-2405