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Digital Orchid, Codere Brings Mobile Gambling to World11 February 2003SAN DIEGO, California – (Press Release) -- Digital Orchid Inc., a global leader in the development, management and distribution of branded wireless solutions, today announced it has signed an exclusive global agreement with Codere Technology Network LLC, a wholly owned subsidiary of Codere S.A., to jointly develop, market and distribute live mobile gaming applications for wireless devices in Latin America and Europe. Set to launch in the first half of 2003, the companies will deliver a suite of new mobile gaming applications, including live casino and lottery gaming, such as Bingo, Roulette, Multi- player Poker, Progressive Slots, Keno and Black Jack, as well as sports betting and horse racing on a variety of wireless phones in Chile, Mexico and the rest of Latin America as well as Italy and Spain. "Codere's agreement with Digital Orchid to distribute betting and gaming products on wireless devices will further establish the Group as the market leader in Spain, Italy and Latin America," said Jose Antonio Martinez, chairman and CEO of Codere S.A. "Together with Digital Orchid we will offer our customers our licensed betting and gaming services on new wireless devices that will be marketed and distributed in the jurisdictions where we currently have a strong presence." "The combination of Codere's worldwide gaming operational experience and 63 betting and gaming operations in Europe and Latin America with Digital Orchid's leading-edge, wireless distribution technology, wireless technology expertise and global carrier relationships is a winning combination," said Daniel Daou, CEO of Digital Orchid. "Devoted gaming fans in South America and Europe will now have the capability they desire to be able to participate in their favorite games from wherever they are using their mobile device without having to be in a casino or at a horse race." Codere Technology Network LLC , a fully owned subsidiary of Grupo Codere of Spain is developing the first Online Sports Betting System and Interactive Lottery and Casino games for regulated jurisdictions where the Company currently has a strong market presence. Grupo Codere is a leading betting and gaming corporation with operations through out Spain and Latin America. The company was founded in Spain in 1981 and has expanded its gaming operations and geographical presence by establishing leading betting and gaming operations in Spain, Italy, Mexico, Argentina, Columbia, Chile and Venezuela. San Diego-based Digital Orchid a global leader in the building, managing and distributing unique branded wireless solutions for the mobile industry. The company provides the leadership and solutions necessary to enable large, established businesses to successfully capitalize on their brand name content and large consumer base to create compelling, revenue generating services. The company's turnkey integration approach to the production and distribution of wireless online services eliminates the barriers that have limited the adoption of wireless applications in the past. Specifically, the company develops sophisticated suites of applications, manages wireless carrier relationships, integrates various technological components and uses the already established marketing channels of large brands to create a unique experience for the mobile user. In addition, the company enables new marketing and distribution opportunities for both the carriers and the brands, thereby increasing the number of subscribers who can access Digital Orchid solutions. |