January 18, 2005
TORONTO, ON. - January 18, 2005 - Oxford Investments Holdings Inc. (OTCBB: OXIHF) is pleased to announce that it has entered into a distribution agreement allowing the Celebrity Tan sunless spray booth and related product line to be sold in Brazil. In addition, it has amended its previous agreement with Wonder Tan to include a distribution agreement for Monaco, and its agreement with CML Consulting to include distribution agreements for Finland and Denmark.
These distributor relationships give Celebrity Tan better penetration into the various markets worldwide and expand the opportunities for sales of the Company’s spray booths and related products.
The Celebrity Tan booths and product line is now distributed in eight countries worldwide, including France, Sweden, Canada, and the United States, in addition to the countries covered by the new agreements.
The Company is also pleased to announce that its subsidiary, International EGaming Developers Inc. ("EGaming"), has presented the Cybertronics Game Tech land-based gaming kiosk to The Manitoba Lottery Corporation and The Alberta Gaming & Liquor Commission. EGaming is filing applications for Certificates of Registration to act as a supplier of gaming goods and services in the appropriate jurisdictions.
Although EGaming has expanded its focus into the land-based gaming kiosks, in 2004 EGaming revenues from internet gaming increased by more than 15% over 2003.
Michael Donaghy, President and Chief Executive Officer, says, "As we begin our fifth year of operation, we look upon our Company and its subsidiaries poised for growth. We have made considerable progress over the past year, developing a worldwide supply and distribution network for our products and services.
We are now well positioned for future expansion, and expect 2005 to be our most successful year ever as we move forward into the future."
The Company is actively seeking new ventures to enhance shareholder value, and welcoms suggestions from its contacts for other product development and marketing opportunities.
About Oxford Investments Holdings Inc.
Oxford Investments Holdings Inc. previously known as a leading Internet gaming software licensing, reseller and development company providing software solutions to the Internet gaming market, now is the parent company to several subsidiaries that market, sell and distribute a variety of products. Oxford's subsidiaries include International E-Gaming Developers, Inc., a company that markets gaming products to a worldwide clientele, Celebrity Tan Inc., a company that markets UV-free tanning products and booths, and Ontario Private Water Labelling Ltd., a company that specializes in private-label bottled water distribution and sales.
For further information, please visit www.oxsof.com Email:investor@oxsof.com
FORWARD LOOKING STATEMENTS DISCLAIMER:
Statements in this press release, which are not historical, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with product liability and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on suppliers, risks relating to international operations, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.
This release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be a sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of such securities under the laws of any such jurisdiction. This press release was accurate at the time it was issued but may not reflect the Company's current strategy or product offerings.
