"Tournament Games, online since 1997, was the Internet's first online tournament skill game platform and has served over a quarter of a billion tournament games", stated Michael Calderone, ZoiTec's CEO. "Tournament Games generated over $3 million in tournament entry fees last year and continues to be consistently profitable, realizing its most profitable quarter yet during the First Quarter of 2006. The acquisition of Tournament Games is a key part of Zoi Interactive Technologies' strategy for the implementation of its long-term business objectives. Tournament Games' management team will stay in place during and following the acquisition. We look forward to the long-term benefits that this acquisition provides. We chose Tournament Games not only because of their strong footing in the industry, but also because of their robust tournament management platform. This platform becomes the foundation that allows us to deploy and integrate our next-generation tournament skill games, which have a wider demographic appeal," Calderone added.
Zoi Interactive Technologies, Inc. develops and deploys cutting-edge, interactive, consumer-utilized technologies specifically accessed through the Internet. With over two-thirds of U.S. Internet users now using high-speed connections, the demand for such technologies is growing exponentially. ZoiTec's interactive Internet technologies consist of consumer entertainment programs and consumer lifestyle enhancement programs, two of the fastest growing and most utilized areas of the Internet. The Company distributes these programs through the following vehicles: 1) direct distribution through the Internet; 2) ZoiTec's corporate licensing program (white label), and 3) its patent-pending, interactive communication platform called REACT - Real-Time Entertainment Advertising Communication Tool. Expanding beyond the typical advergaming format, REACT incorporates a variety of interactive content controlled by ZoiTec including tournament skill games, consumer coupon discount centers, music-related products, humor, travel discount centers, community portals and a real-time, enhanced communication platform for businesses to market to and communicate with their customers and potential customers. "We believe REACT is the answer to the problems businesses are facing as consumers either disregard or completely avoid traditional media," Calderone stated.
For more information about Zoi Interactive Technologies, Inc., its technologies and its distribution platforms, please visit www.ZoiTec.com or contact our corporate office at 1-800-452-3085.
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