VANCOUVER, British Columbia, Dec. 15, 2004 (PRIMEZONE) -- UBA Technology Inc. (Pink Sheets:UBTA), a leading software development company, has commenced marketing its proprietary Betting Exchange and Poker software, through its UBetAnything.com subsidiary, to qualified gaming industry licensees.
Ubetanything.com
Betting exchanges act as online intermediaries between individual bettors (P2P), allowing them to bet against each other, usually only taking a small commission from the winner. During the last four years, betting exchanges have revolutionized the market of sports betting in the United Kingdom, and have successfully captured a large market share from traditional bookmakers.
UBA's software is developed as a turn-key solution providing cutting edge gaming technology and secure financial transactions over the internet. Rather than initially compete with the large UK-based betting exchanges, such as privately owned Betfair, which reportedly handles more than US$450 million in bets each week (90% from horse-racing and soccer), UBA has chosen to market a niche market version of its full software.
"We believe our specialized, niche-market version will open the Betting Exchange market to e-commerce communities in much the same way as eBay opened the auction market to individuals. We can privately brand a betting exchange site to suit our licensees' requirements, whether their interest is cricket, car racing, stocks or currencies," stated Rob Danard, UBA Technology's president. "Our software comes fully supported with online payment systems, client database management, multi-currencies and languages, and customer support, leaving only the marketing to our licensee."
Poker Solution
In response to the growing popularity of online poker, UBA Technology Inc. also offers a premium online poker solution. The software is also licensed as a private white label version and combines the best features from all leading poker sites, plus a number of unique new features.
The software hosts all the popular games, including: Texas Hold'Em, 7-Card Stud, Omaha, 7-Card Omaha, Omaha Hi/Lo, 5-Card Stud and Asian Show-Hand. The technology also supports Multi-Table Tournaments (MTT) and "Sit and Go" Tournaments, which have no limit on the number of simultaneous online players -- a feature that has yet been available on the market.
Wireless
Both the betting exchange and poker platforms are supported by UBA's wireless solution, which provides players with the ability to use Java-enabled cell phones and PDA devices to interact directly with the gaming sites. Operators can exponentially expand their revenue-streams by tapping into this new market.
Forward-Looking Statements:
With the exception of historical information, this news release and accompanying information may include forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various risks. There are numerous factors that could contribute to such differences, therefore such projected events and anticipated results are not warranties or guarantees that such events will occur or that the Company will achieve such results. For more information about this corporation, please see these companies' websites.