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Vega Promotional Systems is a specialized marketing and promotions company that is seeking complimentary business opportunities that will allow it to increase its shareholder value and expand client brands throughout the world.
LONDON--(MARKET WIRE)--Jul 24, 2007 -- Michael Molen, Chairman of Vega Promotional Systems Inc. (Other OTC:VGPM.PK - News), will be featured on Market News First (www.***.com) in an exclusive live interview with ***'s Saul Albom today at 12:45PM CDT. The interview took place last night, July 23, 2007. The interview focuses on VGPM's recent announcement concerning the acquisition of proprietary intellectual source code for online gaming. Molen also touches on the many poker stars, including Bob "The Butcher" Clarke, that the Company will be working with to expand their brands throughout the world.
matto
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lets get ready to rumble!!!! Have a few i like this one and the other thread i started!! '
ok market green here comes the buyers.
JimSC
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Hi, Matto. This is a great stock, but the timing is not right for getting in. The MMs are shorting at 0.04 to 0.05, and will take it back down to 0.03, and run it from there. This situation is similar to IPHE -- the MMs sold at 0.003 and took it down to 0.0013.
ShortSqueeze report:
VGPM $ 0.05 Vega Promotional Systems Inc. Shares Short 5,100 Shares Short - Prior 100 Short % Increase / Decrease 5000.00
matto
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Thanks for the info!! It always helps. I will be watching for tat retrace an i will fill alot!! WEEEEEEE
matto
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Say hello to my little friend
jbfreedom
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WAY TO GO MATTO !!!
matto
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weeeeeeeeeeeeeeeeeeeee
jbfreedom
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YOU STILL IN MATTO?
matto
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yes i am
matto
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any news on this we will rock!! what an open!
matto
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great day held is gains at 60%. here we start to go north imo!
matto
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Vega Completes Acquisition of Source Code Used to Develop Online Games
LONDON, Aug 21, 2007 /PRNewswire-FirstCall via COMTEX/ -- VEGA PROMOTIONAL SYSTEMS, INC. (Pink Sheets: VGPM.PK) today announced it has completed the purchase of source code used to develop massively scalable on line games. As previously announced on July 9th, the completion of this transaction allows VEGA to begin the development of massively multiplayer on line games. The Company plans to launch its own promotional network using the source code to develop a "learn to play poker with Bob the Butcher" series. This product will have Bob the Butcher teaching people all over the world the art of playing poker.
Bob the Butcher is a well known U.K. professional poker personality. His presence is often requested at international events, charities, fund raisers, and on television. Utilizing software licensed from Vega, Butcher Poker, Ltd has announced the launch of its free rewards-based online poker site for U.S. players. Butcher has created a completely free-to-play online poker room. The site features Fixed Limit, No Limit and Pot Limit Texas Hold'Em, with each player receiving $1,000 in play-money to start, which can be freely replenished at any time. Advertisers can place their messages on many areas of the site, such as on a player's hat, the felt, or brand items on the board such as soft drinks, and in play signs.
Michael Herron, CEO of Vega stated, "We have extensively researched the global market and have found that developing countries with emerging economies have the same or greater propensities for rapid adoption of online games. They often cannot afford console games like Microsoft Xbox (MSFT) or Sony PlayStation (SNE) and the high price of game cartridges, and as a result they migrate to online games that can be played on personal computers, that are readily accessible through internet cafes, schools, or at home. As a result we are focusing on developing games in multiple languages that target this demographic."
Screen Digest has found that the market value for massively multiplayer online games in the West hit $1 billion for the first time in 2006. The North American subscription market was worth $576 million, while Europe was worth $299 million. While subscription services continue to dominate in the West, accounting for 87% of the market, virtual item sales and in-game advertising have also made their mark during the year. The growing impact of these new business models is symptomatic of the increasing influence of traditional MMOGs on other online platforms and games sectors, such as social networking sites and casual online games. Both of these sectors are now broadly adopting many MMOG-like strategies and characteristics.
By 2011 the MMOG subscription market will be worth over $1.5 billion and Europe will enjoy the stronger growth between the two Western regions. Over the five year period, Germany will remain the largest subscription market in Europe, followed by the UK. France will see the most significant value growth of over 16% compound annual growth rate over the term, while Spain and Italy will both experience subscription value compound annual growth rate of more than 15%. World of Warcraft is by far the most popular subscription game, accounting for 54% of the subscription market in 2006, generating revenue of $471 million.
Vega is actively seeking to acquire or build a series of social communities where it can introduce its games as a form of social interaction. The cost of the software acquisition was $1.5 million with $250,000 paid in cash, and the remainder payable in cash or stock at the discretion of Vega. Vega also announced that it will postpone the "The All Star Transcontinental Challenge" as announced June 28th, and looks to reschedule the event.
About Vega Promotional Systems, Inc.:
matto
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This should rock!!!!
FurrySound
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sure has some interesting news, nice move last few days as well.
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