CHARLOTTE, N.C., Feb. 7, 2008 (PRIME NEWSWIRE) -- Double Eagle Holdings, Ltd. (OTCBB:DEGH) is pleased to announce that the University of Oklahoma has been chosen as the initial test market for its groundbreaking social gaming and networking model.
"By forming partnerships with businesses and institutions in Norman, OK, we are giving students at OU the chance to play Zatso and compete with one another for cash and prizes while being the first to experience and evaluate Zatso," stated Samuel J. Bein, Vice-President of Business Development.
Zatso is one of the first games of its kind to provide gamers with a competitive experience that is both virtual and active, combining all forms of gaming in every subject imaginable. Players will compete online and in the marketplace, completing challenges ranging from complex, web-savvy experimental challenges to scavenger hunts around the city of Norman on quests that will be fun, exciting and compelling. Ultimately, millions of players will compete with each other while simultaneously offering the players a chance to network with friends and make new acquaintances (www.playzatso.com).
"This is a great opportunity for OU to experience an exciting new interactive service that has never been done before," Bein said. "Not only will Zatso provide interactive social gaming exploration in an unrivaled new format, but it will also provide extensive data and marketing potential for this young adult demographic."
About Double Eagle Holdings, Inc.
Double Eagle Holdings, Inc. (www.doubleeagleholdingsltd.com) is a closed-end investment company that invests in value-based opportunities that are typically either privately held or considered small or micro cap publicly traded companies. Double Eagle's investment objective is to generate both current income and long term capital appreciation through debt and equity investments. Double Eagle Holdings, Inc. is a registered business development company under the Investment Company Act of 1940 ("1940 Act").
Forward-Looking Statements in this news release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only, and is not an offer or solicitation to buy or sell the securities.