Electronic Game Card partners with China LotSynergy

China LotSynergy, publicly traded in Hong Kong , is an established leader in lottery technology in the fast growing Chinese Lottery market, with extensive local expertise and established contracts. One of CLS' missions is to implement innovative applications that will further develop China's Lottery industry.

"This agreement to partner places EGC on a path that may lead to substantial business in China, and provides an incredible opportunity for EGC to work with a lottery industry leader focused on using innovative technology to expand and grow their business in a potentially very large market," stated Kevin Donovan, CEO of Electronic Game Card, Inc. 

"China's burgeoning lottery market is projected to grow substantially.  Although the industry has been operating for a number of years, it is newly regulated, opening vast opportunities to expand in a secure consumer environment."

In China authorized lotteries generated approximately us$ 15.5 billion in revenues in 2008 experiencing approximately 15 % compound annual growth over the past decade. 

Ivy Lau, Chairperson and CEO of China LotSynergy commented, "Our goal is to contribute to the secure operation and healthy development of China's lottery market. We have formed partnerships with global industry leaders such as IGT, Gtech, and, now, Electronic Game Card to ensure the success of our mission. We are actively engaged in enriching the variety and content of games. The Electronic GameCard is an engaging next generation platform that we believe will contribute materially to the accelerated growth target of the lottery industry in China and throughout the region."

Under the terms of the Strategic Partnership, EGC will provide the China LotSynergy Electronic Lottery GameCards for initial sales and marketing efforts. In addition to the Lottery GameCards, EGC and CLS will also cooperate in markets involving royalty credit and gift projects.

In addition to the People's Republic of China territory, once a joint venture between the companies is established, the joint venture will have the right of first refusal for further distribution expansion into the Asia Pacific region including Hong Kong, Macau, Taiwan, Malaysia Vietnam, Singapore, Philippines, Cambodia, North Korea, Indonesia, Thailand, Laos, Brunei, Fiji, and Federated States of Micronesia, excluding Japan and South Korea.