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Entertainment Gaming Asia Inc. Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Aug 2, 2007 3:08 AM Flag

    EARNINGS DATE SET

    In the 03/31/07 VWPT 10-Q ( http://sec.gov/Archives/edgar/data/919794/000093041307004335/c48446_10q.htm ) is:

    "Strategic Partnership with DG FastChannel

    On May 7, 2007, in connection with the investment by DG FastChannel, Inc. of $4.3 million of the $5.3 million raised in the private placement referenced above, the Company announced that it had entered into a strategic partnership with DG FastChannel, Inc., the leading provider of digital media services to the advertising and broadcast industries. DG FastChannel will integrate its media services platform with the Company�s Unicast advertising solutions technology to launch its latest advertising industry innovation by deploying a next-generation platform for managing and delivering both traditional and interactive advertising."

    In Note 10 of the DG FastChannel 03/31/07 10-Q ( http://sec.gov/Archives/edgar/data/934448/000110465907038683/a07-11379_110q.htm#NotesToUnauditedCondensedConsolid_061210 ) is:

    "Viewpoint Alliance

    On May 7, 2007, DG FastChannel, Inc. (the 'Company'), purchased 10,750,000 common shares of Viewpoint Corporation ('Viewpoint') in a private equity placement at a price of $0.40 per share, for an aggregate amount of $4.3 million. Reflecting the Company�s and other investors� investments, Viewpoint has approximately 81,587,000 million shares of common stock outstanding with the Company owning approximately 13% of Viewpoint�s outstanding shares. As part of the transaction, Viewpoint issued the Company, and other investors, warrants to allow them to increase their equity stake in the future.

    Further, the Company entered into a strategic relationship with Viewpoint pursuant to a Reseller Agreement by which the Company will integrate its media services platform with Viewpoint�s Unicast advertising solutions technology. This Online Video partnership with Unicast will enable brands and advertisers to turn their traditional and broadcast video assets into cutting-edge display ads that are pre-certified across thousands of websites. The Company has determined that this agreement is not a 'material contract' for purposes of Item 601(b)(10) of Regulation S-K."

 
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