LONDON, July 17, 2006 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QTCE), software developer for marketing communications, announced today that Quantech will provide its web-based marketing and advertising services and products to partygaming.com (LSE:PRTY).
Quantech's decision to expand its development focus into web-marketing comes in response to specific requests from leading companies in the online gaming industry. In Quantech's first step into this growing market, Quantech has committed to provide a web-marketing service package to Party Gaming, to support the explosive growth anticipated in the online casino market.
The global online gaming market is expected to reach $25 billion in the next few years, reflecting annual growth rates exceeding 10%. As broadband internet access and disposable income rise globally, this market is expected to constantly develop and broaden its appeal to a growing range of customers.
Liat Matilsy, CEO of Quantech, "We are excited about our successful penetration into the online gaming market, one of the most dynamic web-based markets today, and expect to capture a significant share of web-based marketing business in this market. Quantech has adapted its state-of-the-art technologies and models to the specific needs of this market. Quantech's web-based advertising and marketing service package is expected to provide a significant competitive edge to PartyGaming's marketing efforts in this high growth market."
About PartyGaming Plc
Founded in 1997, PartyGaming Plc is the world's leading online gaming company and owns and operates PartyPoker.com, the world's largest online poker room. The Group is also the world's largest online casino and operates PartyCasino.com, StarluckCasino.com and also online bingo through PartyBingo.com. Since 30 June 2005, PartyGaming Plc has been listed on The London Stock Exchange under the ticker: PRTY and has a market capitalization of over $8 billion. In the year to 31 December 2005, the Group had revenues of $977.7m and generated Clean EBITDA of $583.7m and profit before tax of $324.9m. Regulated and licensed by the Government of Gibraltar, the Group has over 1,200 employees located in the head office and operations centre in Gibraltar, a business process outsourcing operation in Hyderabad, India and a marketing services subsidiary in London. The Group has customers in over 190 countries. PartyPoker.com hosted over one billion hands of real money poker in 2005 and took wagers of over $45 billion
About Quantech
Quantech Electronics Corp. is a web-based software development company based in the U.K. Quantech Electronics Corp. develops powerful, easy-to-use software that enhances the effectiveness and efficiency of its customers' online and offline businesses. Driven to provide comprehensive solution packages for their clients' entire online business needs, Quantech focuses on customized developments for medium to large businesses, as well as start-ups. Offering several unique technologies and forged notable strategic alliances, Quantech's rapid-response systems construct client infrastructure at competitive prices. The company's client base includes medium to large sized businesses, as well as start-ups.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
To contact Quantech or access more information, please visit our web site at www.quan-tech.co.uk