VALLEY STREAM, N.Y., March 13, 2013 (GLOBE NEWSWIRE) -- Face Up Entertainment Group, Inc. (OTCBB:FUEG), a Reality Gaming Social Network company, today announced that it has entered into a collaboration agreement with Bad Beat on Hunger, Inc. and will together promote a series of entertainment tournaments and social networking initiatives operating both live and online to raise money in support of efforts to help millions of children who are living in poverty and struggling with hunger all over America. Bad Beat on Hunger™ is in partnership with ForeverGreen Intl. and the Happy Children Foundation working on this noble cause.
Under the agreement, Bad Beat on Hunger will market online tournaments on Face Up Entertainment Group's website to benefit Bad Beat on Hunger's initiative to provide 100% natural whole foods with the Happy Children Foundation. Marketing will take place through various channels including social media as well as poker leagues, celebrity professional poker players, poker clubs and organizations.
"After completing a successful pilot event for Bad Beat on Hunger which included cash, gifts and other prizes, we have decided to plan future sponsorships of BBOH. We see this collaboration as a win win," stated Felix Elinson, the company's CEO. Our site, www.faceupgaming.com will become an official sponsor for Bad Beat on Hunger and in consideration for our ongoing support for this great cause, Bad Beat on Hunger will promote the company in their email newsletters, along with announcements at live events. They will also distribute Faceupgaming.com advertising and promotional materials and all other means of promoting.
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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Forward-Looking Statement
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 "win win," "successful pilot," "anticipate," "excited," "right space," "may," "seek," "plan," "already enjoys," "should," "will make" 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 Face Up Entertainment Group, Inc. with the U.S. Securities and Exchange Commission.