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Vega Provides Additional Information on LAPT
Monday December 17, 6:00 am ET
LONDON, Dec. 17 /PRNewswire-FirstCall/ -- VEGA PROMOTIONAL SYSTEMS, INC. (Pink Sheets: VGPM.PK - News) today expanded on last week's announcement that it is launching the Latin American Poker Tour (LAPT).
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The plan for the inaugural LAPT 2008 season includes tournaments in eight Latin American countries, including Puerto Rico, Panama, Colombia, Ecuador, Peru, Venezuela, Dominican Republic, and Costa Rica, with a season ending Tournament of Champions to crown the number one poker player in Latin America.
In order to maximize the profit potential of the Tour, Vega will be the Executive Producer of the programming and is currently negotiating with various professional poker players to become the host for the Tour during its 2008 inaugural season. Vega plans to own 100% of the programming and is currently negotiating for airtime with various cable providers that would allow the Company to profit from selling advertising for the programs. A successful season for the LAPT could provide millions of dollars in income for Vega.
The tournaments will be structured as invitational events with players from all over the world able to win seats via online and live local satellite tournaments.
Michael Herron, CEO of Vega stated, "This is a very exciting announcement. No Limit, Texas Holdem' has really taken off in Latin America and we felt the time was right for this type of Tour. We've all seen the success that other Tours like the World Poker Tour and European Poker Tour have enjoyed and we feel that by utilizing our existing contacts in Latin America, we can produce a first class tournament that players from all over the world not just from Latin America, will want to participate in. Unlike a lot of poker programming you see on television, we are not attempting to sell the rights to a programmer, we will own the programming and plan to contract for the necessary time slots to air the one-hour shows. This will allow Vega to profit from the advertising, sponsorships, and replays of the programs."
Additional details about the LAPT will be announced as they become available.
About Vega Promotional Systems, Inc.:
Vega Promotional Systems, Inc. is a marketing company that is seeking complimentary business opportunities that will allow it to implement its Business Plan and increase its shareholder value. The Company's stock trades under the symbol VGPM on the pink sheets
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