For you all looking for DD on this company. Here ya go :)
VEGA PROMOTIONAL SYSTEMS, INC. (VGPR)
The purpose of this letter is to give you a very brief outline of the current business of the Company and give you an idea of what our plans are as we move forward.
Vega is a publicly traded company (VGPR). Therefore, I want to make it clear that everything mentioned here has been previously announced to the public.
The Company currently has three areas of operation that will generate revenue:
1) Software for the Online Gaming Industry. Our management team includes professionals who have experience in the online gaming sector. The Company has acquired unique, proprietary software for online gaming and has become one of only a handful of companies to own this type of software. One application for the proprietary source code is online poker. Our plan is to build the Vega Network where players from all over the world can play against each other on a network that includes many different poker sites, all using software licensed from Vega. Revenue for the Company will come from licensing the software to both new and existing poker sites. These sites will pay a one-time upfront licensing fee, plus a reoccurring licensing fee based on the number of users they add to the Vega Network.
2) Major Event Promotion. We recently announced our plan to launch the “Poker Tour of the Americas” (PTA). The PTA is a land-based series of major poker tournaments held in casinos in North and South America. The tournaments will include the top poker professionals from all over the world, as well as Internet and local qualifiers. Each event will be filmed for airing on television. Vega will be the Executive Producer of the PTA and will own the programming rights. Rather than trying to sell the idea to a major network, our plan is to purchase the necessary airtime to air the tournaments. This will allow the Company to receive significant revenue from selling the advertising for each program, profits that generally go to the network. Our plan is to have eight tournaments during the inaugural season in locations that we have already established contacts.
3. Talent Services. Vega recently secured the Right of Personality for U.K. based poker personality, Bob Clarke, a.k.a. “Bob the Butcher”. We are in the process of expanding the Bob the Butcher brand and introducing Bob to the world outside of the U.K. We have licensed the Bob the Butcher trademark to butcherpoker.net and recently announced that Bob will be one of the on-air commentators for the PTA. Our plan is to work with other professional poker players to maximize their brand in new markets and to new audiences. One method would be to launch online poker sites featuring their name and likeness, utilizing the software mentioned earlier.
Our strength comes from a unique understanding of the digital media world with a primary focus on the Internet and other mobile commerce platforms. We are very excited about our future and look forward to implementing our plans and increasing our shareholder value.
For more information about Vega, I invite you to visit our website at www.vegapromotions.com.
Who We Are:
Vega Promotional Systems, Inc. is comprised of management professionals who have experience in the online gaming sector, and have expertise in client acquisition utilizing the latest software and telecommunications technology. The Company’s stock currently trades on the Pink OTC Markets under the symbol “VGPR”.
What we do:
We look to acquire or partner with companies that own intellectual property in the form of software deployable on the Internet. Internet software can scale rapidly, without incurring significant costs associated with rapid growth.
We also acquire the right to use famous personalities and well-known established brands in order to complement our software platform and expand their brand worldwide.
How we do it:
VEGA has developed expertise in customer acquisition by the utilization of advanced software technology. We have created strategic relations with international media organizations that allow the company to communicate with its target market quickly and efficiently.
We’ve recently purchased unique proprietary software for the online gaming industry.
What we are currently negotiating:
* License Agreements with casinos Costa Rica
* MTV License Agreement for the use of our multi-player poker software in a non-gaming environment.
* Media Joint venture with BCCNEWS.US
* Negotiating with past President of the Rosebud Sioux Tribe, past Treasure of the Native American Indian Gaming Association AND the current Treasure of the Native American Indian Inter Tribal Economic Alliance Council concerning the use of our recently acquired online gaming software.
* Macao and Singapore- communicating through a third-party who is closely associated with Group who owns casinos in Europe.
* Negotiating License Agreement with major European poker site.
* Creating the VEGA NETWORK, online gaming community utilizing recently acquired software for the online gaming community.
* Developing a 10 hour network poker tournament called “The All Star Transcontinental Challenge, featuring the top eight professional poker players in the world.
* License Agreement with The World Poker Store.
* European launch of ButcherPoker.
Strategic partners:
* M30 communications: provides expertise in viral marketing
* BCCNEWS.US
* Liberty Cable in San Juan, Puerto Rico
How we make our money:
We make our money by the successful acquisition of clients for our customers, and we get paid a success fee for each customer that we deliver to our clients. The recently acquired online gaming software will be licensed to online gaming companies and they will pay us a Licensing Fee to use the software. The Licensing Fee includes an initial fee of $75,000 plus a recurring monthly fee based on the number of players on their site.
We estimate that our Licensees will have approximately 400,000 registered users in the next 18 months, generating pretax income to Vega of approximately $6.8 million dollars.
We make our money from advertisers who want guaranteed eyeballs for an extended period of time (30 minutes plus).
We are paid a fee for extending our clients’ brands to new markets.
Our plan for expansion:
The development of additional games based on our massively multiplayer online gaming platform. Specifically we would like to enter into the markets of South and Central America, where we have existing contacts.
The development of additional games for the ethnic markets such as TEENPUTTI for India. This game is played by millions of people, and our high quality products will fill a need in these markets.
Our own e-commerce processing system
The development of additional functionality to support multimedia systems, more interactivity, over the air systems (OTA) for cell phones, as well as Spanish, Indian, and Chinese products.
Why we will be successful:
VEGA is a full service multimedia promotions company. Its differentiation comes from a unique understanding of the digital media world with a primary focus on the Internet and mobile commerce platforms.
VEGA targets clients that have the ability to fulfill their product offering using the Internet or mobile enabled devices to reduce the cost of acquisition, deliver additional products and services, and provide a higher degree of client satisfaction.
Subsequent to the acquisition of Dynamic Gaming Systems, the Company will own proprietary gaming software, creating THE VEGA NETWORK, an online gaming community where players from our Licensees’ online sites play together as if they were all on the same site.
