Intelimax Signs Software Purchase, Sale And Support Agreement For Its New Subscription Based Gaming Platform
VANCOUVER, April 14 /PRNewswire/ - Intelimax Media Inc. ("Intelimax" or the "Company") (OTCQB: IXMD) is pleased to announce that it has entered into a purchase and sale agreement and a software support agreement (collectively, the "Agreements") with Las Vegas From Home .com Entertainment Inc. ("LVFH") to provide Intelimax with its own new proprietary single and multiplayer subscription based gaming platform software ("the Platform"), with fully managed service solutions including server hosting, software and operational support.
The Platform will support the Intelimax subscription web-based social gaming website www.gamboozle.com. The design, navigation, look and feel of the website is being provided by Friedman 360 a world renowned multi-media production and marketing firm, as previously announced on April 12, 2011, which will be adapted and integrated into the Platform by LVFH.
"We are very excited to enter into these agreements with such well recognized company as LVFH. It is our intention to have the new Platform ready for launch by late summer this year and will include subscription poker, casino games, daily fantasy sports, social media and a number of exciting new games, features and prizes with an entire new look and feel", said Glenn Little, President & CEO.
About LVFHLVFH ( www.lvfh.com) is a software developer and service provider of turnkey casino-grade multiplayer gaming solutions. The robust and scalable LVFH Gaming Platform supports several distinct business models, including social gaming, and features a variety of fully multilingual P2P games and tournaments such as Texas Holdem, Omaha, Guts Poker, 13 Card Poker, Mahjong, Fight the landlord, Big2 and Blackjack. LVFH has been a publicly traded company since 1999 (TSXV: LVH). About Intelimax Media Inc. Intelimax Media Inc. ( www.intelimax.com) is an Internet media services company focusing on online games, social networking and web content. Using its' proprietary InteliGaming multi player network, Intelimax offers subscription based gaming on its website, ( http://www.gamboozle.com). For and on behalf of the board of Intelimax, Glenn Little, President & CEO Forward Looking Statements: Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to Intelimax or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of Intelimax's products, the competitive environment within the industry, the ability of Intelimax to continue to expand its operations, the level of costs incurred in connection with Intelimax's expansion efforts, economic conditions in the industry and the financial strength of Intelimax's customers and suppliers. Intelimax does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
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