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AGI acquires majority shareholding in systems and games specialist Octavian
London – June 4th, 2009 – Austrian Gaming Industries GmbH, a wholly owned subsidiary of the Novomatic Group and Octavian Global Technologies, Inc have jointly announced that AGI is now Octavian’s majority shareholder. AGI recently increased its shareholding in Octavian to 51 per cent.
Octavian founder and CEO Harmen Brenninkmeijer said: “Octavian and AGI have worked closely together in recent years and there is great synergy between our two companies, as well as complementary products and expertise. This move will serve to formalise our working relationship. For example, AGI will now offer Octavian systems solutions as an option alongside its own product offering. At the same time, Octavian will harness AGI expertise to build on the success Octavian has achieved with its AWP games in the re-regulated Italian market.”
“Both individually and collectively, AGI and Octavian have an extremely strong offering to operators in established and developing gaming markets across the globe,” added Brenninkmeijer.
Jens Halle, Managing Director of AGI, commented: “With AGI and Novomatic’s expertise in cabinets and games and Octavian’s focus on systems and games, we are very excited about the further opportunities that will open up for both companies.” According to Halle, the initial focus of their collaborative efforts will be strengthening each company’s position in existing markets. It is likely, too, that AGI and Octavian will attend several major gaming shows together and launch other shared marketing initiatives.
About Octavian Global Technologies Inc www.octavianinternational.com
Established in 2001, Octavian is a leading provider of total gaming and lottery solutions, serving Casino, AWP (Amusements With Prizes), Lottery and emerging gaming market sectors worldwide. Octavian-developed solutions, and also leading third-party products, are marketed under four core solution areas - OctaSystems, OctaGames, OctaSupplies and OctaLotto. Octavian currently has offices and computer centers in the Argentina, Australia, Colombia, Germany, India, Italy, Russia, UK, Ukraine and USA. Through this extensive network, and also through joint ventures and partnerships across the gaming world, Octavian systems, games and other solutions are deployed and supported in more than 30 countries.
For further information contact:
Octavian
Helen Hedgeland
+44 (0) 1483 543 543 or mail H.Hedgeland@octavianinternational.com
This news release contains forward-looking statements, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Factors that may affect these forward-looking statements include, among others, our ability to raise capital, the decisions of third parties over which we have no control, the state of the telecommunications industry, technological changes and other factors set forth from time to time in our public statements. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date of this news release.