Poker.com announced this week that it has privately financed $500,000 by creating units consisting of one common share and one warrant exercisable during March 2000. The company licenses turnkey Internet gaming systems with revenues generating from marketing of their multi-player poker room, retail e-commerce sales, banner advertising and an opt-in advertising program. Additional revenues will come from royalties earned from sub-licensees.
The company's management is also seeking new software and games. It's currently working with two software development companies to acquire the rights to license out their technologies to www.poker.com and other third party casino operators.
Poker.com Inc. also announced the launching of its new website, www.poker.com, with an offer for players to visit the site, download software and play free until it goes live later this month.