SALT LAKE CITY, Nov. 11, 2014 (GLOBE NEWSWIRE) -- American Transportation Holdings, Inc., (OTC:ATHI) announced that it has entered into an agreement with Route 1 Games, Inc. to develop three new digital peer-to-peer betting platforms. ATHI has entered into a contract that requires Route 1 to develop three peer-to-peer betting platforms that will allow the Company to enter the fast growing peer-to peer-gambling market.
Ian Stewart, CEO of ATHI, expressed the Company's excitement about the new direction of the Company. "These three new platforms will allow friends to bet friends on their way to work or at social gatherings," Stewart said. "It will allow executives and business departments to bet their competitors in similar departments on how well they perform, and it will allow fraternities and sororities and other competitive groups to bet each other and develop new competitions based on anything of importance to them," he said.
According to Route 1 Games, Inc., ATHI's new platforms will be unique to the market in ways that will prove more attractive to investors. "These new platforms do not require account set up. Betters will have accounts with PayPal, which is a reliable, recognized, secure resource to handle betting transactions. According to Route1, similar betting platforms in this market only log the bet, but they do not transact the bet. There's no settlement mechanism in the current platforms, so two players have to make a private arrangement afterwards to figure out how the bet is settled. ATHI's will launch new betting websites that will settle immediately and message each player instantly to confirm that the settlement is complete."
When we contacted ATHI they were in the process of acquiring new companies and websites to increase their market share in the peer-to-peer market.
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CONTACT: email@example.comSource:American Transporation Holdings, Inc.