SOURCE: MGN Technologies, Inc.

March 20, 2006 14:46 ET

MGN Technologies, Inc. Announces New Texas Holdem' Game for the Blackberry 8700 Series Mobile Phone

KIRKLAND, WA -- (MARKET WIRE) -- March 20, 2006 -- MGN Technologies, Inc. (OTC BB: MGNLF), doing business as Mobile Gaming Now (the "Company"), has announced the release of "Gold Mobile -- Texas Holdem," a 10-hand Texas Holdem' mobile game built specifically for the Blackberry 8700 series mobile phone. The BlackBerry 8700c is the first handset available in Research in Motion's (RIM) new range of Intel-based smartphones. The 8700c is available exclusively on the Cingular network in the U.S. and the 8700r is available exclusively on the Rogers network in Canada. The 8700 is a quad-band GSM/GPRS world phone which means it should work in most places on the planet. The QVGA color LCD screen is new and improved at 320x240 pixels. It's described as the fastest Blackberry yet.

"We're very impressed with the new Blackberry 8700 series. With the speed of the device, the new screen size and the clear graphics we felt the device would be a perfect device to launch our new Gold Mobile game," said Mark Jensen, CEO of Mobile Gaming Now.

Mobile Gaming Now builds PC and mobile games in the casino games arena. The Company's first product is Texas Holdem', which can be played on the PC simultaneously with the mobile phone. Because there are approximately 2,500 different phone devices used worldwide the Company developed different levels of games.

WAP-Mobile Texas Holdem' is a text-based version of the game available on a WAP page and is accessible by nearly every phone with wireless Internet access. Bronze Mobile has limited graphics and can be used by most mobile phones. Silver Mobile has simple but attractive graphics that can be played by most smartphones and other phones with a larger screen size. The new Gold Mobile will be available only to large screen smartphones starting with the Blackberry 8700.

"We have a 6-hand and 10-hand game that integrates simultaneously with the PC. A player at a table can't tell if someone's playing on a PC or a mobile phone. The new Gold Mobile is a 10-hand mobile game with high quality graphics. It's our top-of-the-line mobile game. Players can also use the other blackberry devices to play our games. The list is available at our websites."

Jensen said Gold Mobile is available on the Company's three gaming websites. Play-for-free Texas Holdem' is at www.mgnpoker.net. Play-For-Prizes Texas Holdem' is at www.mgnpoker.biz. Play-For-Money Texas Holdem' is available at www.mgnpoker.com. Mobile Gaming Now's corporate website is www.mobilegamingnow.com.

The Company launched its full compliment of gaming sites in Q1 of this year and has announced early marketing results as being favorable. The Company has registered nearly 1,000 players in the first month of operation. Jensen said the Company expects to register approximately 150,000 members its first year which includes registrations from its Licensees. The Company announced successful results from its search engine marketing, which is expected to generate 540,000 hits in March of this year. First year projected revenues for the Company are approximately $5.5 million. He said the average poker player has an approximate lifetime value of $600.

"We generate revenue from our gaming sites and our licensing fees. We've launched our full compliment of gaming sites and Texas Holdem' products for PC and mobile phones. We're now entering our marketing phase where we create site traffic, registrations and revenues. It's an exciting time for our Company as we roll out our products and build memberships," Jensen said.

About Mobile Gaming Now

Mobile Gaming Now is a gaming software developer and marketer focusing on the casino gaming market. With offices in Kirkland, Washington and Vancouver, British Columbia the Company operates its own gaming sites as well as licenses its gaming platform to strategic partners. Players can play for free, play for prizes, or play for money. The Company developed the first multiplayer Texas Holdem' game for free or money with integrated PC and mobile game play.


Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations and/or claim, as applicable, that: (i) Company has registered nearly 1,000 players in the first month of operation; (ii) Company expects to register approximately 150,000 members its first year (iii) Company expects to generate 540,000 hits in March of this year; (iv) First year projected revenues for the Company are approximately $5.5 million; (v) Average poker player has an approximate lifetime value of $600.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the risk that current or future licensees of the Company's products are restricted by laws or regulations concerning gaming or related activities; (ii) the inability of the Company to license its products to licensees as a result of disputes over terms; (iii) the inability of the Company to keep pace with technological advancements in the mobile entertainment industry; (iv) the Company's software not operating as expected; (v) the Company suffering technological problems that the Company cannot economically repair; (vi) the Company not being able to retain key employees; (vii) competitors providing better or cheaper products; (viii) markets for the Company's products not developing as expected; (ix) the Company's inability to finance its operations or growth. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligations to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to risk factors disclosed in the Company's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.

Contact Information

  • For more information, please contact:
    MGN Technologies, Inc.
    604-602-9596
    or 1-888-602-9596