Business Services Industry
Dragon Venture to acquire marketing rights for online poker site
Internet Business News, August 30, 2005
INTERNET BUSINESS NEWS-(C)1995-2005 M2 COMMUNICATIONS LTD
Dragon Venture (Pink Sheets: DRGV), a holding company of high-tech companies in China, has announced that its subsidiary has signed a letter of intent to acquire the exclusive marketing rights for online poker site, CardRoom.net.
The letter of intent with Green Dolphin Marketing, LLC, a Nevis company, which outlines the Asia Marketing Agreement, was signed by Yastand Hong Kong International Group Company, Ltd.
According to the letter of intent, Yastand will retain exclusive marketing rights for the poker site in China, Hong Kong, and Taiwan, and will receive a 40% payout on all revenues net of expenses, chargebacks or other miscellaneous transaction fees received by Green Dolphin Marketing on referrals generated by Yastand.
No financial details of the agreement were disclosed.
((Comments on this story may be sent to info@m2.com))
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