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• Tournament Reporter acquired by PokerPages
GIBRALTAR - February 9, 2006 - Planet Ace Gibraltar Ltd., owner of PokerPages, the leading provider of Live Tournament poker content announced today the completion of its acquisition of Tournament Reporter, the leading online tournament poker player rankings and reporting service.

Tournament Reporter's Rank and Reports provide online real money multi-table tournament players with the most relevant-to-tournament performance measures, in an intuitive, visual, and well-organized interface. Tournament Reporter is designed to be quick and easy to use, since players can get a great deal of information by clicking through hundreds of flash based charts and reports. Tournament Reporter already reports on over 1,100,000 players at leading sites including BugsysClub, Paradise Poker, Party Poker, Poker Stars, and Ultimate Bet.

The combination of Planet Ace Gibraltar and Tournament Reporter creates one of the largest and most innovative poker media companies. Tournament Reporter will contribute to Planet Ace Gibraltar's high value content offerings to the benefit of players, the providers who publicly report their results, and advertisers.

Planet Ace Gibraltar Ltd. will operate Tournament Reporter as a subsidiary, headquartered in Toronto, Canada, and led by Alex Antoniou, Tournament Reporter's President and CEO. Tournament Reporter was acquired by Planet Ace Gibraltar for an undisclosed amount of cash and stock.

Planet Ace Gibraltar also announced the launch of BugsysClub Reporter, an upgraded Member Edition version of Tournament Reporter, available to Bugsys Club players. Bugsys Club Reporter is designed to deliver to Bugsys Club multi-table tournament players an enhanced poker playing experience with new player rankings and hundreds of statistical player reports.

Mark Napolitano, Chairman and CEO of Planet Ace Gibraltar Ltd. commented on the acquisition:

'Tournament Reporter is more than just an amazing ranking and reporting tool for tournament poker players. It is a customer relationship management solution that has important benefits not just for players, but also for poker sites.

Effective immediately, Planet Ace Gibraltar will offer licensed, proprietary branded skins of Tournament Reporter to a limited number of other poker sites. This is an ideal solution for those sites who are looking for a turnkey way of providing a differentiated benefit to their players and who want to grow their profits through increased acquisition rates, play money to real money conversion rates, player consumption rates, and retention rates. To achieve these benefits for our primary licensee, we have designed and launched Bugsy's Club Reporter, the first proprietary branded skin of Tournament Reporter and have integrated it within our licensee's site.'

Alex Antoniou, President and CEO of Tournament Reporter Ltd. commented on the acquisition: 'Mark and Tina Napolitano and their team are industry pioneers, having launched a roster of well established, first to market properties to the industry including PokerSchoolOnline and PokerPages.com.

Tournament Reporter's employees and partners are very excited about the deal and look forward to contributing to Planet Ace Gibraltar's mission of developing the most innovative, highest quality services to poker fans, players, advertisers, and industry customers.'
> Read the full story here
Source: Press Release



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