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
TheStreet Open House

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs