CMG Gaming International, Ltd. Traded on OTC-Pink Sheets, Symbol CMKI.
CMKI (the “Company”)( CMG Gaming International ) through its wholly owned Taiwanese subsidiary, GuanHauSoft Gaming, announced today the recent signing of a profit sharing agreement with Shan Dong Hui Tian Xia Culture Media Co., Ltd., (“Shan Dong“) a large travel and tour company with principal operations in China. GuanHuaSoft will adapt several of its most popular games and integrate them with Shan Dong’s existing iOS and Android applications as well as creating a Virtual Augmented Reality 3D animated component for Shan Dong’s travel and tour mobile app. CMKI anticipates a revenue stream from this transaction beginning in the second quarter of 2017.
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CMKI has decided to focus a portion of its creative efforts and investment capital in a new direction with the formation of a wholly owned subsidiary dedicated to the creation of 3D animation banners geared to the small and mid-sized business market. To that end, CMKI has secured the domain name, www.3dbanner.info. The Company’s market research indicates that these banner ads, featuring both clients and employees as actual animation characters in the advertisement, would receive a positive reception among potential clients, especially in the US and Asian markets. With 40 programmers and 12 art designers, these ads can be created quickly and at low cost to CMKI and offered to clients without any upfront charges. This can be accomplished by utilizing LEC billing arrangements whereby the client pays for this service through its local telephone bill and CMKI is paid directly by the carrier. While there are several companies presently offering 3D banner ads, none combine the unique features of this model together with the no cost option to the clients. CMKI has already begun discussions with several sources, including the Local Area Yellow Pages in San Francisco, to gain access to their entire client base. CMKI looks forward to a strong reception for 3D banner launch and expect positive cash flow from “New Generation Yellow Pages” to begin by mid-year.
CMKI has been negotiating with a private investor for several months now to secure a loan of up to $US 5 million to expand our operations and to acquire other compatible gaming companies that the Company has identified. CMKI is hopeful that an initial closing and receipt of the first payment $US 2.4 million will take place on or about February 10th, immediately following the Chinese New Year.
It has taken CMKI a bit longer than expected to gear up the operations after the acquisition of GuanHauSoft by CMG Gaming. CMKI is updating its website, business plan and financial models and has completed posting current information on OTCMarkets. CMKI have arranged for an audit for 2016 and will file it on a timely basis. Now with the launch of 3D animation activities, combined with the development of new games and applications every 90 days and the several potential new clients with whom CMKI is presently negotiating, the Company is poised to produce strong results for its shareholders in this new year and beyond.
This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Company management, are subject to risks and uncertainties, which could cause actual results to differ from such forward-looking statements.