Platinum Pari-Mutuel Group Has Signed a Distribution Contract With Promotora Latinoamericana de Entretenimiento, S.A. a Distributor in Mexico
(GlobeNewswire Via Acquire Media NewsEdge) NEW YORK, Jan. 13, 2014 (GLOBE NEWSWIRE) -- Hokutou Holdings International Inc. (OTCPINK:HKTU) and it's wholly owned subsidary Platinum Pari-Mutuel Group a software development company specializing in development of an online experience designed to enable users to follow and share information regarding the fast paced global financial marketplace announced today they have signed a contract with a distributor in Mexico, Promotora Latinoamericana de Entretenimiento, S.A. who services 63 Off Track Betting Shops for our horse and dog racing operation. All of the shops are licensed in Mexico.
PPMG will provide Promotora Latinoamericana de Entretenimiento, S.A. the Mexican distributor with content and wagering access to numerous U.S. horse and dog tracks. The company is also negotiating with additional U.S. tracks as well as Europe and the Far East. PPMG expects to start receiving revenue in February 2014.
Mr. James Egdie, C.E.O. stated "We are also developing our internet software for horse and dog race wagering on the internet. We expect to have completed the project by April, and will introduce it to internet sports books and casinos at that time upon completion".
About Promotora Latinoamericana de Entretenimiento, S.A. PLE is dedicated to the administration of specialized software applications whose end user companies that have federal license for equestrian sports betting rotation, within the country of Mexico.
About Hokutou Holdings International Inc. (OTCPINK:HKTU) Hokutou Holdings International Inc. was operated as a development stage holding company for the last three years. The company has completed the acquisition Platinum Pari-Mutuel Group is a wholly owned subsidary.
About Platinum Pari-Mutuel Group is a software development company specializing in development of an online experience designed to enable users to follow and share information regarding the fast paced global financial marketplace and to compete against each other in a traditional racing format . PPMG is developing a new way for individuals to interact with the public markets . Our goal is to be a leading social gaming financial markets destination, and our vision is to be the intersection of global financial markets, fantasy sports, horse racing and online gaming community. PPMG has developed a Hub computer system located in Saint Kitts to facilitate transaction processing. The location provides the ability to service both U.S. and international markets The system is based on pari-Mutuel wagering systems where the operator takes a percentage of the sales to pay the cost and the rest is paid back to the players. The company encourages current shareholders and potential investors to visit their website at www.financialraces.net to learn more about Platinum Pari-Mutuel Group.
Forward-Looking Statements – Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term are defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
CONTACT: Wall Street Media Group
Source: Hokutou Holdings International, Inc.
2014 GlobeNewswire, Inc.
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