This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

2UP Gaming PLC Agrees To Acquire Streamark PLC

NEW YORK, Feb. 1, 2013 (GLOBE NEWSWIRE) -- UK based 2UP Gaming PLC (GXG:2GM), operators of a leading online gaming website www.2UP.com, has announced that they have executed an agreement to acquire Streamark PLC. The acquisition has strategic importance, as it accelerates the delivery of the 2UP "live deal" technology across multiple platforms.

"The Streamark technology gives 2UP a significant competitive advantage because of 2UP's expanded ability to deliver a number of our live gaming products directly to mobile phones and tablets. However, the biggest advantage of Streamark is its positioning and technology within the exploding internet protocol TV (IPTV) market, and our ability to license those products," according to Mr. Peter Flynn, 2UP's Business Development Director.

The number of global IPTV subscribers is expected to grow from 28 million in 2009 to 83 million in 2013-- with market revenues forecast to grow from US$12 billion to $38 billion in the same period. Emerging markets such as China and India have embraced new smart phone technologies and created enormous opportunities with limited bandwidth.

"Streamark's technology can deliver HD video streaming using as little as 2mbps, compared with 20mbps for standard broadcast or 8mbps from one of the existing top mobile streaming technologies," said 2UP's CEO Marino Sussich. "Emerging markets such as China and India have embraced new smart phone technologies and created enormous opportunities with limited bandwidth."

MidOil USA's Managing Director Vincent Crandon, who recently announced a US$75 million financing commitment for 2UP, commented that, "The Streamark technology will facilitate a seamless delivery of the 2UP gaming content, and we look forward to the platform's initial implementation in our planned Atlantic City, NJ datacenter should the internet gaming bill presently being considered by New Jersey Governor Chris Christie be approved."

About Streamark PLC

Streamark develops applications based on streaming video, tracking and communications technologies for mobile telecom operators, TV network and cable operators and hardware manufacturers. Its unique live video streaming technology can be used across a wide range of handsets such as Apple, Android, Symbian, Blackberry and WinMobile, running on mobile bandwidths EDGE, GPRS, to 3G and 4G. http://www.streamark.com

About 2UP

2UP Gaming PLC (GXG: 2GM) is a UK based publicly held provider of leisure and entertainment products in the gaming, wagering and lotteries segments of the gambling industry. Through www.2UP.com customers can access all gaming, wagering and lottery products from one website.

Media Contact:

Vincent Crandon    MidOil USA--New York   tel 201-962-2799      email: vince@midoilusa.com

This information was brought to you by Cision http://www.cisionwire.com http://www.cisionwire.com/2up-gaming-plc/r/2up-gaming-plc-agrees-to-acquire-streamark-plc,c9364855

The following files are available for download:
[Image] 2up

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs