MGN Technologies Inc.
OTC Bulletin Board : MGNLF

January 24, 2006 03:00 ET

Mobile Gaming Now Technologies Selects iovation for its Anti-Fraud Solution; Pioneer in PC to Mobile Integrated Play Creates Trustworthy Environment for Gamers

LONDON--(CCNMatthews - Jan 24, 2006) -

iovation, an authentication and anti-fraud solutions provider, today announced that MGN Technologies Inc., a multiplayer software provider, (OTCBB:MGNLF), doing business as Mobile Gaming Now, has selected the ieSnare fraud management system, an enterprise fraud detection software application in use today by leading online gaming companies. ieSnare matches devices to accounts across networks without revealing personal information. By combining device fingerprinting technology with a database matching system that links devices to accounts, Mobile Gaming Now has a system to pinpoint, reveal and shut down online fraudsters regardless of where they operate.

"iovation's proven anti-fraud solutions will allow Mobile Gaming Now to expand exponentially and help us achieve our vision to be a leading provider of gaming software for PC and mobile platforms," said Mark Jensen, CEO of Mobile Gaming Now. "ieSnare tracks and reports fraud behavior providing us the information we need to make decisions about player activity. By implementing the ieSnare system, the company will be positioned to provide a trust-worthy playing environment for its customers."

MGN is a software provider and gaming operator that enables gamers to seamlessly play online games on either PCs or mobile devices. In addition to providing games for the PC, MGN is on the forefront of providing a mobile gaming technology platform. The company recently signed partnership with Tira Wireless, a provider of advanced technology for mobile content deployment, m-Qube, a North American mobile content aggregator, and Bango, a developer of globally accessible, cross-operator platform that would make mobile internet content easily accessible to everyone with a phone.

About ieSnare and Device Reputation Authority

ieSnare is a back-end fraud protection system that matches distinct device identities to online accounts. A database matching system, called the Device Reputation Authority, links devices and accounts allowing merchants to identify and flag fraudsters without revealing personal information. Once these devices are identified, forensic information can be shared with all organizational networks protected by ieSnare. This allows subscribed networks to make business decisions about individual connections, and allow, limit, or prevent access based on the reputation of the devices involved.

About iovation

iovation, based in Portland, Ore. develops fraud-management systems for companies besieged by significant online fraud issues, particularly stolen credit cards, chargebacks and cyber-crime rings. The company has pioneered a unique online fraud-detection technology that links users and their accounts with physical devices, and shares the reputation of those devices with other subscribers. iovation currently manages the reputation of millions of devices.

About Mobile Gaming Now

Mobile Gaming Now is a gaming software developer and marketer focused on the casino gaming market. Operating in Kirkland, Washington, 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 has developed the first multi-player Texas Holdem game for free or money with integrated personal computer and mobile game play.

Legal Notice: All rights reserved. iovation is either a trademark or registered trademark and the iovation logo is a service mark of iovation. Other product or service names mentioned herein are the trademarks of their respective owners.

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 or intentions regarding the future. Such forward-looking statements include, among others, the expectation and/or claim, as applicable, that: (i) Playtime Entertainment Corp. will commence operations within a 90 day period from the signing of the license agreement; (ii) the signing of the license agreement will provide the Company with an opportunity to show its unique products and establish itself within the industry; and (iii) the Company's products and services that offer multi-player mobile use are unique to the industry.

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; and (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 obligation 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 the 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

  • MacKenzie Marketing Group
    Lisa MacKenzie
    Direct: 503-225-0725
    Mobile: 503-705-3508