WILMINGTON, Delaware, May 10, 2010 /PRNewswire via COMTEX/ -- Win Gaming Media, Inc. (OTCBB: WGMI.OB) has changed its business model to offer online trading of binary options through its newly organized fully-owned subsidiaries in Cyprus and in Israel. Worldwide trading is being offered by Cyprus-based WGM Services Ltd., on http://www.globaloption.com, later to expand through localized activities in leading markets around the world, while in Israel, same services are featured through B Option Ltd., on www.options.co.il. Formerly, WGMI was engaged in the development and distribution of interactive gaming software.
Win Gaming Media has acquired a license to operate the sites and will concentrate on marketing the services and retaining its clientele.
Investors who trade Binary Options through Win Gaming Media's websites may have a return of up to 71% on their initial investment, when expiration of the option is in-the-money - in addition to their initial investment - or receive back 15% of their initial investment, in case expiration of the option is out-of-the-money. Binary Options are also known as Digital Options or Fixed Return Options (FRO's - on the NYSE Amex).
Win Gaming Media has elected to launch its first localized site in Israel. B Option Ltd. has appointed Mr. Ehud Barzily to serve as Chairman of the Board of Directors. Mr. Barzily, a Certified Public Accountant and attorney, formerly served as Israel's Income Tax Authority Deputy Commissioner and Legal Counsel.
Mr. Barzily is currently providing income tax advisory services through his law firm.
In addition, B Option has appointed Mr. Ronen Shtivelman to serve as its General Manager. Mr. Shtivelman formerly served as VP Marketing of Gaon Trade Ltd., one of Israel's leading brokerage institutions.
About Win Gaming Media, Inc.: WGMI is now focused on offering worldwide online trading of binary options.
Formerly, the company was engaged in the business of offering technology, servicing the interactive gaming industry. Following the sale of its entire gaming software assets and development activities, WGMI is no longer a technology company.
Win Gaming Media's common shares are quoted on the OTCBB under the symbol WGMI.OB. For more information, please visit http://www.wingamingmedia.com, the content of which is not part of this press release.
Safe Harbor Statement This press release contains forward-looking statements. Forward-looking statements are based on certain factors and assumptions including expected growth, results of operations, performance, business prospects and opportunities, foreign exchange rates and effective income tax rates. For example, when we discuss the potential return on investment that investors who trade binary options through our websites may have, we are using forward looking statements. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the company's financial condition, prospects and opportunities, legal risks associated with the binary options trading industry and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the company, reference is made to the company's most recent Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission. Forward-looking statements are given only as at the date of this release and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.
Contact: Win Gaming Media, Inc.
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