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TransGaming to Deliver GameTree(TM) TV to Market Leading IPTV Service Provider in Asia(June 19, 2012)
TORONTO, ONTARIO -- (Marketwire) -- 06/19/12 -- TransGaming Inc. (TSX VENTURE:TNG), the global leader in the multiplatform deployment of games, today announced that it has signed an agreement to deliver GameTree(TM) TV to a major IPTV service provider based in Asia.
The service provider dominates a market of some 8 Million households in the burgeoning Asia Pacific marketplace. The opportunity for future growth is tremendous as the Asia-Pacific region is expected to lead the world in IPTV subscriber growth; a market that is expected to reach 550 Million subscribers by 2017 according to an April 2012 research report by Global Industry Analysts. Inc. TransGaming now has a series of plays in the Indo-Pacific/Asia Pacific Regions in order to exploit this massive growth opportunity.
"TransGaming continues to sign new service provider deals across the world which is a demonstration of the world-class high quality and compelling games solution we have created with GameTree TV," commented Vikas Gupta, CEO & President of TransGaming Inc. "The Asia-Pacific marketplace is going to outpace the rest of the world in terms of IPTV adoption and TransGaming is at the forefront. We expect to bring this solution to market and then work with other industry leaders until we stand as the dominant content provider to operators throughout the region."
The details of this agreement will be announced within the next 90 days. GameTree TV is scheduled to tentatively launch with the IPTV service provider by the fall of 2012.
About TransGaming Inc.
TransGaming Inc. (TSX VENTURE:TNG) is the global leader in the multiplatform deployment of interactive entertainment. TransGaming works with the industry's leading developers and publishers to enable and distribute games for Smart TV set-top boxes, Mac computers, and Linux/CE platforms. TransGaming is headquartered in Toronto, Canada.
To learn more about TransGaming, please visit the all new www.transgaming.com. In addition to company news and information, the site offers a range of industry articles, commentary and insight. In addition, TransGaming provides regular business and industry updates through its social media channels. Follow the company and the CEO on Twitter: @TransGaming, @VikasKGupta and TransGaming on Facebook.
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.
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