Exhibit 99.1
Newgioco Group Obtains Certification on Odissea Betting Software Platform
New York, July 5, 2017. Newgioco Group, Inc. (OTCQB:NWGI) a betting software
technology company providing regulated leisure lottery and gaming products and
services through licensed subsidiaries based in Europe, announced today that it
has obtained certification on its betting software platform required by the
Italian gaming authority, the Agency of Customs and Monopolies ("ADM"). By
achieving this internationally recognized and uncompromising ADM Certification,
the company has demonstrated its commitment to the highest level of security
standards and continuous improvement in betting software development,
implementation and oversight.
This accomplishment comes on the anniversary of our transformational
acquisitions of Odissea Betriebsinformatik Beratung GmbH and Ulisse GmbH, and
the company has now completed its pivot to become a fully integrated and
licensed betting technology company servicing the government regulated leisure
lottery and gaming industry. The certification of our Odissea "ELYS" platform
was conducted by Quinel M. Ltd., a leading independent and internationally
accredited testing laboratory, specialising in the certification of gaming
software and systems. The Italian certification requirements are considered as
some of the most rigorous standards in the gaming industry around the world. On
the back of this sophisticated ADM certification, Newgioco now intends to
commence procedures to become licensed in those States that permit regulated
online and leisure gaming in the USA and is also in the process of seeking
permits required to operate in Canada, South America and other regulated
international jurisdictions.
In addition, the company has also received its 2017 re-certification under
ISO 9001:2008 Quality Management Certification for its gaming operations in
Italy. The ISO 9001:2008 QM certification guarantees Newgioco's customers and
government agencies a betting platform technology and client gaming account
management system that is compliant with international standards, enabling
exceptional cost-effective transaction processing.
Company Chairman and CEO, Michele Ciavarella stated "we are absolutely thrilled
about reaching this essential milestone that caps a three-year development
phase. Confirming our compliance with this internationally-recognized standard,
we are sending a clear sign to our customers, partners, employees and investors
that Newgioco Group is serious about being recognized as a premier international
leisure gaming technology company." Mr. Ciavarella also commented that "these
robust and transparent business applications form a part of our long-term vision
for security best practices in our highly regulated industry, and that our
stakeholders can be confident of our ability to manage an extraordinary volume
of transactions in a secure and safe manner. The certification procedures were
fully self-funded through operating cash flows and we will continue to invest in
core operations demonstrating our commitment to building shareholder value."
About Newgioco Group, Inc.
Newgioco Group, Inc., together with its wholly owned subsidiaries, is a fully
licensed and integrated gaming software technology company. The company
conducts its business primarily through retail neighborhood betting shops and
internet-based gambling and sports betting software platform under the
registered brand Newgioco through our licensed website www.newgioco.it situated
in Italy.
The company offers its clients a full suite of leisure gaming products and
services, such as sports betting, virtual sports, online casino, poker, bingo,
lottery, interactive games and slots, as well as an innovative betting platform
(www.odissea.at) providing both B2B and B2C bet processing. Additional
information is available on our corporate website at www.newgiocogroup.com.
This Press Release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The company
has tried, whenever possible, to identify these forward-looking statements using
words such as "anticipates," "believes," "estimates," "expects," "forecast,"
"plans," "intends," "potential" and similar expressions. These statements
reflect the company's current beliefs and are based upon currently available
information. Accordingly, such forward-looking statements involve known and
unknown risks, uncertainties and other factors which could cause the company's
actual results, performance or achievements to differ materially from those
expressed in or implied by such statements.
Website contact form:
http://www.newgiocogroup.com/index.php/contact-us/
Investor Relations Contact
Michele Ciavarella
investor@newgiocogroup.com