News
WPT Enterprises Concludes Agreement With CyberArts For Technology To Re-Launch Online Business (cont.)
About World Poker Tour Enterprises
WPT Enterprises, Inc. (Nasdaq: World Poker Tour Enterprises) is a company engaged in the creation of internationally branded entertainment
and consumer products driven by the development, production, and marketing of televised programming based on gaming themes.
World Poker Tour Enterprises is the creator of the World Poker Tour®, a television show based on a series of high-stakes poker
tournaments that airs on the Travel Channel in the United States and more than 150 markets globally. With the WPT in its fifth season,
World Poker Tour Enterprises has launched a second series on the Travel Channel, the Professional Poker Tour, which focuses on the play of
poker's leading stars. WPT Enterprises currently licenses its brand to companies in the business of poker equipment and instruction, apparel,
publishing, electronic and wireless entertainment, DVD/home entertainment, casino games, and giftware. For show information, tools for improving
poker play, and other WPT news, fans may log on to www.worldpokertour.com. The company is also engaged in the sale of corporate sponsorships.
WPT Enterprises, Inc. is a majority owned subsidiary of Lakes Entertainment, Inc. (Nasdaq: LACO). Photos and media information can be found
online at: www.worldpokertour.com/medi.
World Poker Tour Enterprises
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by WPT Enterprises, Inc.) contains statements that are forward-looking, such as statements relating to the expansion of World Poker Tour Enterprises's brand licensing, the development of new television and film projects, the development of World Poker Tour Enterprises corporate sponsors and other business development activities, as well as statements regarding other capital spending, financing sources and the effects of competition. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of World Poker Tour Enterprises. These risks and uncertainties include, but are not limited to, World Poker Tour Enterprises's significant dependence on the Travel Channel as a source of revenue; difficulty of predicting the growth of our online casino business, which is a relatively new industry with an increasing number of market entrants; the increased time, cost and expense of developing and maintaining World Poker Tour Enterprises's own online gaming software; the potential that our television programming will fail to maintain a sufficient audience; the risk that competitors with greater financial resources or marketplace presence might develop television programming that would directly compete with World Poker Tour Enterprises's television programming; the risk that WPT may not be able to protect its entertainment concepts, current and future brands and other intellectual property rights; risks associated with future expansion into new or complementary businesses; the termination or impairment of World Poker Tour Enterprises's relationships with key licensing and strategic partners; and World Poker Tour Enterprises's dependence on its senior management team. For more information, review World Poker Tour Enterprises's filings with the Securities and Exchange Commission.
Contacts:
Jackie Lapin/WPT
818-707-1473
jackielapin@cs.com
Karen Trachtenberg/WPT
323-330-9854
ktrachhtenberg@worldpokertour.com
Ken Arnold/CyberArts
ken@cyberarts.com
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