Get21 parent company press release

[KenSmith]

This from business news today from Zone 4 Play, the parent company of Get21.com:
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=PR&Date=20070402&ID=6695622

I can't figure out the real purpose of this press release, unless it is meant to say they are abandoning other unmentioned product lines.

To me, the most revealing part was:
The Company has also announced plans to attempt to reduce its operating cash expenses from $450,000 per month to less than $250,000 per month, and has already downsized its workforce from 70 employees to 41. This level of expenses and the Company's cash balance as of December 31, 2006 and accounts receivable due to the Company, should be sufficient to allow the Company to meet its anticipated requirements for at least the next twelve months.

 

[BJFAN4]

Whazzup here?

"Zone4Play also plans to expand its activities in the multiplayer Blackjack tournaments gaming market. The Company is currently in the process of forming the world's first multiplayer Blackjack tournaments network. Zone4Play expects to increase the value of its network through its own Tournament Blackjack service, Get21.com, as well as through its collaboration with other industry leaders that the Company will aggressively seek."
It would be nice if they lined up some big guys like Party Poker. Feeding poker players into BJT's continues to be a good thing for all concerned.
Access to the US market continues to be the real issue, however.
Get21 has reduced its BJT player requirements to 25 for April which should generate some traffic.

 

[Rando21]

Without US players they are facing an uphill battle...