VANCOUVER, British Columbia, Dec. 02, 2016 (GLOBE NEWSWIRE) -- Mojo Games, a division of Sterling Group Ventures (OTCQB:SGGV) is pleased to announce a strategic partnership with VLeague Internet Technology Company Limited, a China corporation who is the exclusive online social gaming provider for Alisports' Chess and Card Division.
The partnership between VLeague and Mojo has been formed as part of an online strategy to support Alisports' recently announced plans to launch a worldwide poker tour. Officials from the Alibaba Sports Group held a press conference Tuesday in Shanghai to announce the International Poker Tour (IPT), a new poker tour with events to take place in China, Asia Pacific, North America and Europe with an estimated more than $7 million in tournament prize money to be awarded over the first year of the tour.
To view the 'Photo of Press Conference held in Shanghai', please visit: [http://orders.newsfilecorp.com/files/1075/23874_a1480661641549_5.jpg]
VLeague will work together with Mojo to provide Mojo's leading social iGaming platform and online poker technology to power the Alisports' online IPT site. Players will have the opportunity to compete in online poker tournaments to win seats to Alisports' land based poker tour events. Players will also be ranked based on their tournament play in online and offline IPT events.
Siliang Hao, the Head of AliSports' Chess and Card Division said:
"Launching our online IPT tournaments in partnership with VLeague and Mojo's social iGaming platform and poker games ensures we provide our IPT players with a fair, competitive and entertaining online poker experience. The IPT online site is a key part of our strategy to make the Alisports International Poker Tour a leading event in China and worldwide"
Fred Liu, CEO, VLeague, said:
"We are committed to a successful long term partnership with Alisports leveraging Mojo's technology to provide a top grade solution for Alisports. The Mojo social iGaming platform provides us with a flexible turnkey solution that allows us to tailor our poker and social gaming offering to meet the needs of Alisports. It also gives us the ability to integrate new games seamlessly in the future."
Nick Mellios, CEO, Mojo, said:
"The partnership opportunity with VLeague to support Alisports is a great win for us which we expect will significantly increase our global reach and generate considerable recurring revenue in future years. We are delighted that we have been chosen and we look forward to helping our partners make the IPT a tremendous success."
About Mojo Games, a division of Sterling Group Ventures
Mojo Games provides a B2B multi-gaming platform with a full suite of social play money gaming products, including online poker. Mojo offers B2B partners both API integrated and turnkey white label licensing options with advanced and customizable iGaming back-office features, player rewards and marketing, affiliate, and ecommerce solutions.
About VLeague Internet Technology Company Limited
Established by Emerald America Investment Company (Hong Kong), VLeague Internet Technology specializes in the organization, publication and execution of international software platforms in China. VLeague's professional team is known for its placement and networking capabilities, connecting and integrating multiple channels, and marketing strength in building business value.
ON BEHALF of the BOARD
/s/ Nicolaos Mellios
Mr. Nicolaos Mellios
Chairman & CEO, Sterling Group Ventures
For further information, please contact:
Sterling Group Ventures
Christopher Tsakok, MBA, CFA, Director
Phone: (604) 684-1001 Fax: (604) 684-1001
www.mojo.game
VLeague Internet Technology Company Limited
Fred Liu, CEO
fred_liu@vleague.com.cn
Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, product prices and changes in international and local markets, as well as the inherent risks of the mining related business. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.