SOURCE: ISIS Lab Corporation

ISIS Lab Corporation

March 17, 2014 07:00 ET

Vision Becomes Reality: ISIS Lab Corporation Licensee Cladstone Launches World First Regulated Social Online Gaming Network for U.K. Residents

TORONTO, ON--(Marketwired - March 17, 2014) - ISIS LAB CORPORATION (TSX VENTURE: LAB) (FRANKFURT: ISX) (FRANKFURT: WKN: A1XB97)

HIGHLIGHTS

  • ISISFriends® licensee Cladstone launches Platform in U.K. marketplace
  • Chairman and CEO Kajouie presents at North American iGaming Conference
  • Gold Sponsorship at the Annual iGaming Super Show

ISIS LAB CORPORATION (the "Company" or "ISIS") is pleased to announce its licensee Cladstone Ltd. ("Cladstone") has successfully launched the award winning ISISFriends® platform.

Isis announced on December 2, 2013, it had entered into an agreement with Cladstone (the "Agreement") for Isis to license its award winning platform ISISFriends® to Cladstone for launch into the U.K. marketplace. Cladstone has successfully launched the platform under the domain name www.isisfriends.com and www.isisfriends.co.uk.

"Vision and innovation has come full circle as ISISFriends®, considered the first true social network built and regulated for the online gaming market has been successfully launched," said Daniel Kajouie, Chairman and CEO of Isis, he went on to say, "I congratulate the Cladstone team on their launch and in providing their audience with a product that is a true differentiator in today's marketplace."

The Company is pleased to announce Daniel Kajouie, Chairman and CEO of Isis, will be speaking at the annual North American iGaming Conference, Thursday March 20th 2014 at 3:00 P.M. The annual iGaming Conference has included a social gaming segment this year to provide a deeper analysis and understanding of the online gaming sector in response to growing interest in this rapidly emerging North American niche marketplace. 

Isis is proud to be the Gold Sponsor at the upcoming annual iGaming Super Show being held June 24th to 27th, 2014, at the RAI Exhibition Conference Centre in Amsterdam, The Netherlands. The iGaming Super Show is one of the premier annual gaming conferences and expects over 3,000 delegates, including some 200 plus C-Level executives, from over 70 countries. 

About ISISFriends®

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

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.

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 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.

On Behalf of Isis Lab Corporation

Daniel Kajouie, Chairman 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 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 include, but are not limited to, the expectation that ISISFriends® will be the first true social network built and regulated for the online gaming market, that ISISFriends® is on track to have the largest portfolio of games available for social online gaming, and that the regulated, real-money online gaming market is anticipated to grow. 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 risks and uncertainties. These risks and uncertainties include, but are not limited to, delays with the launch of ISISFriends® and the acceptance of the product in the target market, competition in the industry and markets in which the Company operates, 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 and other documents 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.

Contact Information

  • For further information, please contact:

    ISIS Lab Corporation  
    Ute Koessler 
    V.P. Corporate Development & Communications 
    Tel: 416-970-2551
    E-mail: ir@isislab.net
    Web: www.isislab.com