Full house Entertainment N.V. acquires Clockmedia Inc. gaming software

December 04, 2004 (PRLEAP.COM) Business News
Full House Entertainment N.V., an Internet based gaming development and management firm, is pleased to announce the signing of a definitive agreement to acquire all of the assets of Clockmedia Inc for an undisclosed amount. These assets include: source code for all fully and partially completed games, all agreements, and gaming intellectual property.

Mr. Jorge Mijares, President and CEO of Clockmedia Inc. declared "…working with Full House [Entertainment N.V.] to bring this deal to it's final stages has been a daunting project, stressful at time and now after ten months of hard work we have a deal we can all be happy with. We have agreed on a plan that will allow both companies to perform in their strongest areas…'

Mr. Joe Mulligan Operating Manager of Full House Entertainment N.V was quoted as saying "I'm very happy to announce the closing of this deal. The acquisition of Clockmedia Inc.'s gaming properties will solidify all of the development and software needs of Full House Entertainment N.V. Clockmedia's software never reached its full potential in the market and I am glad it did not, this is a golden opportunity for Full House Entertainment N.V. and its future…'

About Clockmedia Inc.

Clockmedia Inc. is a privately held company based in Montreal Canada and specializes in software development. One of the first online software development companies to employ Flash® non-download technology for their games and the first to use Linux OS for its gaming platforms, having first introduced a full non-download Flash® casino in March of 2001.

About Full House Entertainment N.V.

Full House Entertainment N.V. is a privately held company created by its shareholders and management to build and manage the operations of online gaming websites. Full House Entertainment N.V. initially intended to produce and develop its own software for this purpose, having made a strategic shift in direction by acquiring Clockmedia's gaming properties and thus saving years of research and development.

Note: All forward-looking statements included in this press release are made only as of the date of this press release, and we do not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware.