VALLEY STREAM, N.Y., Oct. 3, 2012 (GLOBE NEWSWIRE) -- Face Up Entertainment Group, Inc. (OTCBB:FUEG), a Reality Gaming Social Network company, today announced the completion of its third league season. In League play, gold members of the Company's subscription gaming site play up to 40 league tournaments during a two month season. Members who accumulated enough points to be in the top 35%, got to play in the top 35% FINALS which featured $30,000 in cash & prizes in the prize pool. Members finishing in the top 10% of the overall field qualified and played in both the top 35% and the top 10% FINALS Tournaments with an additional $20,000 in cash & prizes totaling $50,000 in cash and prizes.
Commenting on league play and the importance of having league members, Mr. Felix Elinson, the Company's CEO, stated, "To the best of my knowledge, we are the only non-wagering subscription site that offers league play with this particular season structure and game format. By leveraging this format of play, along with our video and technologies, we are providing offline leagues and their members, an unprecedented opportunity to bring their game play online without losing all of the social aspects that make them such great draws in the first place." We are excited to announce that the kickoff of season four which started October 1st has roughly 1000 players. We anticipate a considerable increase in those numbers as the season progresses, and more offline leagues and strategic partnerships join our network."
The Company's game proprietary platform (www.FaceUpGaming.com) is being used in creating a vast global gaming network consisting of games from every region of the globe, supporting native languages as well as cross language functionality. Logical additions to the platform include global staples in gaming such as Backgammon, Poker, Chess and Checkers and many others. Face Up Gaming is a legal non-wagering online gaming platform (www.FaceUpGaming.com).
Face Up Entertainment Group, Inc is committed to responsible game-play and is not a gambling site. "Our goal is to maintain the thrill of online games while keeping it safe for everyone. "Our social networking functionality provides the user base with the ability to grow their circle of friends beyond those they physically reach day to day. Our users sit down to play a game and more often than not leave making a connection with a stranger which is then maintained via our social network functionalities," stated Mr. Elinson.
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Matters discussed in this release may constitute forward-looking statements. The U.S. Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation.
Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words "believe," "only," "best of my knowledge," "vast experience," "project," "forecast," "anticipate," "potential," "excited," "should," "expect" and similar expressions identify forward-looking statements.
The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include our ability to identify and in-license and the ability to adequately fund such targeted acquisitions. Risks and uncertainties are further described in reports filed by Game Face Gaming, Inc with the U.S. Securities and Exchange Commission.
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Source:Face Up Entertainment Group, Inc.