PHOENIX--(BUSINESS WIRE)--Pegasus Gaming Corp. (PINK SHEETS:PGGG - News), http://www.PegasusGaming.com), a European Facing Turn Key I-gaming platform solution and e-commerce services provider, is pleased to announce the addition of a new licensee.

ADVERTISEMENT

Pertaining to the previous corporate updates, the Company is pleased to report the closing on this new licensee from Europe has been finalized. This licensee will be operating under the web site www.BestBookmaker.com with a contract value of $150,000 USD. In addition, we expect such licensee to provide a steady stream of royalties, starting in the near future.

"The adding of this new licensee is a proof of our development in Europe being strengthened. With the implementation of the new US Internet gaming legislation, we will be gaining our position in Europe toward our goal of becoming the leading Turn-key I-gaming platform solution in the industry," stated Pegasus Gaming President & CEO, David Cheng.

The above statements in regard to Pegasus, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Pegasus Gaming Corp.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.

Pegasus Gaming Corporation