April 20, 2009

Managed Gaming Solutions Acquires Two Micropayment Software Companies

Managed Gaming Solutions Plc (MGS), a leading provider of mobile and interactive gaming solutions, is pleased to announce that it has acquired 51 % of TEC Trust Equity Capital Oy and 100 % of Streamflood Oy, two Finland-based companies operating in the micropayment technology industry.

TEC Trust Equity Capital Oy and Streamflood Oy are technology and financial services companies providing fast, convenient and flexible micropayment and credit solutions through mobile phones and online interfaces. The in-house built payment technology platform used by TEC Trust Equity Capital Oy and Streamflood Oy offers a broad variety of services including mobile and online payment processing, Mobile Money Transfer (MMT), automatic credit worthiness checking, and managing real-time payments to the banks’ ATMs. With these new technology features MGS accelerates the time-to-market of current services in the target territories, and fast-tracks the international expansion to previously unplanned territories. Originally founded, and operating profitable business in Finland, the companies’ goal and mission for fiscal year 2009 is to enter several European markets.

“We are very happy about our last acquisitions, which bring nice additional cash flow to our existing business, and also provide exciting new growth opportunities for our company”, explains Tero Turunen, Executive Chairman of Managed Gaming Solutions. “Firstly, we enhance our current product and service offering which enables us to actively drive the growth of the micropayments sector. Secondly, adding the technology assets into our existing IP portfolio gives us a big advantage in the market. The markets for mobile initiated micropayment products and especially for the unsecured consumer credit in the target countries are experiencing rapid growth and are still virtually under-served with a fully fledged and automated payment platform like ours . Furthermore, TEC Trust Equity Capital Oy and Streamflood Oy are already well established companies operating profitable and steadily growing business”, Turunen states.

For more information about the company and its services and products offered please visit www.mgscorporation.com.

For any further information, please contact our Investor Relations Team directly:

esVedra consulting GmbH
Metis Tarta-Steck
t: +49. 89. 28 80 81 33
f: +49. 89. 28 80 81 49
info@esvedragroup.com
www.esvedragroup.com