Update for Dynasty Gaming

Dynasty Gaming Inc. known with the symbol DNY on the stock exchange, has announced its intention to provide additional information concerning an announcement it has made the previous day about a letter of intent with the Ho Group.

Today, Dynasty has declared that it has the intention of participating with the Ho Group, in order to create a new company, which will be named Ho Majiang, and which will have a license for Dynasty’s gaming software in China, together with the fact that it will create lots of gaming chances which will be unique for China, and this will be done with the help of prepaid cards. Further more, the implicated parties want to make the company public, very fast.

Due to the current agreement terms, and to the letter of intent, Dynasty with the help of on of his subsidiaries, will make an income from this of 20% equity stake in PublicCo in exchange for the licensing of its intellectual property to PublicCo.

This understanding is conditioned by the fact that Ho Group needs to find a company which is already listed, on the Hang Seng Exchange. However, Dynasty is not issuing any shares in this transaction and has no funding obligations going forward.