New Director for Parlay Entertainment…


… as well as some other novelties

A new announcement came this week from a Canadian online gambling software developer Parlay Entertainment, who apparently had a week full of innovations - it has appointed a new director, Soren Mirzai, but also closed a new deal.

The new director's name was announced by the company CEO Scott White, who also revealed that two other board of directors members, Anthony De Werth and Brian Barr decided to resign from their positions.

"I am delighted that Søren has agreed to join our board and I would like to thank Tony and Brian for their years of service to Parlay and for their sage guidance," said White.

As far as Mirzai is concerned, his extensive experience, which includes the position of M.D. of SunCore Innovation AS, a Danish company he founded with Jan Pedersen in 2001, education at the Aarhus Business School (January 2004) and a Masters degree in Business Administration and Commercial Law, will certainly be beneficial for Parlay Entertainment.

In terms of the above mentioned deal, it concerns the issue of 50,000 common shares in Parlay to an unidentified third party, which used to be a licensee of Parlay Games Limited, "pursuant to the acquisition of" certain URLs and an unspecified customer data base from that third party by Parlay Games Limited.

It was revealed by White that the issue of the stock was not the only consideration for the assets acquired. Parlay Games Limited also agreed to pay the third party GBP 110,000 in installments, with full payment by June 30, 2011.

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