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Lincoln, Nebraska
SussexValley Inc. signs joint venture
agreement with ird (Internet Information R&D) LLC.
This venture will result in the first ever legitimate and monitized gaming
P2P portal on the Internet. The newly founded entity,
called "Game Networks LLC." with Administrative Offices in Lincoln, NE
and Marketing Offices in Dallas, TX and Los Angeles, CA. The Game
Networks LLC. flagship product will be the first ever monitized
and legitimized P2P gaming portal on the Internet.
This is possible using the innovative technology of E-Cash (tm) by SussexValley. This system allows for micro payments across the internet, allowing
for all parties involved in the transaction to be compensated including
publishers and hosting parties. Ted Simson, the CEO of SussexValley states,
"This venture is just another step in making the gaming environment more
accessible to the public while allowing game manufactures, resellers and
gamers to be compensated effectively."
Joe Kenneth, Director of Business Development for ird says,
"Ever since the P2P market has been the rave for music we knew we could
provide a service in which our expertise in technology could be maximized. This joint venture will allow us to
provide superior service and accountability to the gaming P2P market."
About ird (Internet Information R&D)
ird (Internet Information R&D)specializes in the strategic development
of software and internet based applications. ird is involved in the
complete research, design, development, and deployment
phases of enterprise level applications worldwide. These projects and
product have been developed utilizing ird's PathWay(tm) Process(tm) of
research and development.
About SussexValley
SussexValley Inc. is a company specializing in groundbreaking financial
cryptography software and services to the worlds financial and e-commerce
communities. E-Cash(tm) does not take the place of money -- it unforgeably
represents beneficial OWNERSHIP of money. By its very nature E-Cash(tm) can
be transacted over the Internet as easily as cash can be spent in a
convenience store, and in amounts as small as one-tenth of a cent, with
virtually zero overhead costs.
E-Cash(tm) by SussexValley is a new concept in monetary systems. It combines
computerized convenience with security and privacy that improve on paper
cash and is an order of magnitude cheaper and more reliable than the
book-entry methods of exchange that it will replace. It adds value, certainty, and security to any service involving payment. And its
versatility opens up a host of new markets and applications. E-Cash(tm) is
not just a step on the way to tomorrow's payment system technology. It is that technology, and it's here now.
SAFE HARBOR STATEMENT: Except for historical information contained herein,
the statements in this news release are forward-looking statements that are
made pursuant to the safe harbor provisions of the Private Securities Reform
Act of 1995. Forward-looking statements involve known and unknown risks and
uncertainties, which may cause a company's actual results in the future to
differ materially from forecasted results. These risks and uncertainties
include, among other things, product price volatility, product demand,
market competition and risk inherent in the operations of a company.
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