GIG: GIG acquires Finnish affiliate network
2015-06-16 08:31:11
Gaming Innovation Group Inc.'s (GIG) subsidiary Innovation Labs Ltd. has entered into an agreement with a Finnish seller for the purchase of an affiliate network, including associated affiliate agreements and future revenues. The affiliate network is expected to generate more than 15,000 New Depositing Customers for Innovation labs B2B (Business-To-Business) clients over the next three years, significantly strengthening Innovation Labs presence as an online traffic driver for the iGaming industry. "We are delighted to conclude our second acquisition of a growing high value affiliate network in our target markets in a short timeframe. Not only are we increasing our capability of driving paying users to partnering operators, but we are also creating a distribution channel to bundle with our platform service "iGamingCloud", to the benefit of our clients» says CEO Robin Reed. GIG will pay a consideration of EUR 440,000 plus 1,021,000 new GIG shares. Innovation Labs is a fast growing online marketing company for iGaming. It refers paying users to B2B clients on perpetual revenue share agreements by obtaining competitive rankings on high- value keywords in search engines, and through data driven media buying techniques. For further information: Robin Reed, CEO, +356 9999 0382, Robin.Reed@guts.com About GIG Gaming Innovation Group Inc. is a rapidly growing gambling solutions and entertainment provider. The group provides three bespoke revenue models; cutting-edge Cloud based Services, B2B Performance Marketing, and B2C gambling operators offering games from the best-of-breed suppliers across the online sports betting and casino industry. Gaming Innovation Group operates out of Malta, and is listed on the Oslo Stock Exchange with the ticker "GIG". For more information about the Group and our services, visit www.GamingInnovationGroup.com www.iGamingCloud.com www.Guts.com and www.Betspin.com