TORONTO, CANADA – May 30, 2012 – TransGaming Inc. (TSX-V:TNG), the global leader in the multiplatform deployment of interactive entertainment, today announced a signed agreement with a leading IPTV solution provider. Under the terms of the agreement, the solution provider has licensed the rights to develop a series of GameTree™ TV based video games for distribution starting with a major North American IPTV service operator.
"This agreement represents an expansion of TransGaming's reach into the North American market. We currently distribute games to two of the continent's top 10 operators and we are thrilled to be adding more through this agreement," commented Vikas Gupta, CEO & President of TransGaming. "The US service provider market recognizes the important role video games play in retaining existing customers as well as attracting new subscribers. Operators are now adopting new technologies that deliver enhanced experiences to the television. This IPTV solution provider is on the leading edge of creating these next-generation experiences. The adoption wave of new technologies and enhanced entertainment experiences has commenced and we anticipate a higher level of activity in the latter half of 2012 as we continue to work closely with IPTV solution partners and operators around the world to deepen the commercialization of GameTree TV."
About TransGaming Inc.
TransGaming Inc. (TSX-V: TNG) is the global leader in the multiplatform deployment of interactive entertainment. TransGaming works with the industry's leading developers and publishers to enable and distribute games for Smart TVs, next-generation set-top boxes, Mac computers, and Linux/CE platforms. TransGaming is headquartered in Toronto, Canada.
TransGaming has recently updated its website to provide a range of information from company news to industry articles, commentary, and insight. Please visit www.transgaming.com to learn more. In addition, TransGaming provides regular business and industry updates through its social media channels. Like us on Facebook and follow us on Twitter at: @TransGaming and @VikasKGupta.
TransGaming Inc. Contacts:
+1 415 992 4400
Jean-Francois (JF) Dube
Investor Relations - Canada
+1 877 848 8790
Adam P. Lowensteiner
Investor Relations – United States
Wolfe Axelrod Weinberger Associates LLC
+1 212 370 4500
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.