NEW YORK, Jan. 30, 2014 (GLOBE NEWSWIRE) -- Hokutou Holdings International Inc. (OTCPINK:HKTU) and it's wholly owned subsidary Platinum Pari-Mutuel Group, a company specializing in development of an online gaming experiences designed to enable users to follow and share information regarding the fast paced global financial marketplace, announced today they have entered into an agreement with AmTote International. AmTote has agreed to provide its services for our new proprietary financial markets based technology. The AmTote system will be the core of our back-end and middle office for FinancialRaces.net.
AmTote pioneered and leads the concept of Account Wagering, allowing customers to access their accounts from anywhere with an Internet connection. AmTote develops software, manufactures hardware, and operates systems for pari-mutuel and fixed odds wagering operators around the globe and Internet. The account holder does not require custom software to wager. The only software required is an Internet Browser. The betting application takes advantage of SSL technology and 128 bit encryption to encrypt transaction data.
Mr. James Egide, C.E.O. stated, "This agreement with AmTote International is pivotal for our launch of FinancialRaces.net by providing the back end operating system for our pari-mutuel and fixed odds wagering operations globally and on the Internet. This technology provides connectivity for account holders to place bets, review bets, cancel bets, view race results, and view up-to-date current race win odds from their own PC or mobile device."
About AmTote International Inc.
AmTote International, Inc. (AmTote.com) is a privately held technology services company based in Hunt Valley, MD. AmTote develops software, manufactures hardware, and operates systems for pari-mutuel and fixed odds wagering operators around the globe and Internet. AmTote pioneered and leads the concept of PC-Mobile Based Account Wagering, allowing customers to access their accounts from anywhere with an Internet connection. Its major customers include, among others, NYRA, Gulfstream Park, Maryland Jockey Club, Woodbine Entertainment Group, Oaklawn Park, Tabcorp, and Phumelela Gaming & Leisure. Additionally, AmTote is the technology supplier for the pari-mutuel based game called Instant Racing® www.amtote.com
About Hokutou Holdings International Inc. (OTCPINK:HKTU)
Hokutou Holdings International Inc. was operated as a development stage holding company for the last three years. The company has completed the acquisition Platinum Pari-Mutuel Group is a wholly owned subsidary.
About Platinum Pari-Mutuel Group
PPMG company specializing in development of an online experience designed to enable users to follow and share information regarding the fast paced global financial marketplace and to compete against each other in a traditional racing format. PPMG is developing a new way for individuals to interact with the public markets . Our goal is to be a leading social gaming financial markets destination, and our vision is to be the intersection of global financial markets, fantasy sports, horse racing and online gaming community. PPMG has developed a Hub computer system located in Saint Kitts to facilitate transaction processing. The location provides the ability to service both U.S. and international markets The system is based on pari-Mutuel wagering systems where the operator takes a percentage of the sales to pay the cost and the rest is paid back to the players. The company encourages current shareholders and potential investors to visit their website at www.financialraces.net to learn more about Platinum Pari-Mutuel Group.or download our corporate fact sheet at CORPORATE FACT SHEET.
Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as HKTU or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
CONTACT: Wall Street Media Group Brian Andrew 866 465-6551Source:Hokutou Holdings International, Inc.