Gearing up to enter the fiercely competitive online poker software market this week is a newcomer from Silverdale, Washington state titled Castle Technologies (Pink Sheets:CSTL) which boasts an innovative software package which it intends to licence internationally.
The penny-stock company (present share price 15 cents; 52 week range 10 cents to 60 cents) has just finalised the design phase of its new gaming software and is preparing to enter the multi-player online poker market, which it claims is growing "at a phenomenal rate" with more than 200 online poker Web sites in operation, and over 370 500 punters playing for real money every day.
A company spokesman said that Castle Technologies' patent-pending software is distinct in its ability to provide progressive jackpots within the game itself, creating the same excitement experienced in actual casinos and poker tournaments. The plan is to license its software to offshore corporations, primarily in Europe, Asia and South America, which have the legal means to conduct online gambling activities and provide licensing, software maintenance, marketing assistance and customer service to support its customer base.
"What makes this software so unique is the progressive payouts on played poker hands. That's never been done before in any online gaming software and I expect gamers will be pleasantly surprised by this new feature," says David Comeau, President and CEO of Castle Technologies, Inc.
Comeau says the new software will provide all of the features normally associated with online gaming such as player account maintenance, chat capability and state-of-the-art graphics, and more features than traditional online casinos, including easy-to-navigate Web pages, the latest in Web animation and straightforward betting actions with the ability to play multiple games at the same time.
Originally called ImagiTrend, Inc., the company changed its name to Castle Technologies, Inc. in April this year. At the time company officials said that the name and symbol change were made to better reflect the recent acquisition of Castle Technologies, Inc., a company that was specialising in providing innovative solutions to the growing international online gaming industry.