Optimal Group Enters into Non-Prosecution Agreement with Office of the United States Attorney
30 Octobre 2009 - 4:18PM
Marketwired
Optimal Group Inc. (NASDAQ: OPMR) today announced that it has
entered into a non-prosecution agreement with the Office of the
United States Attorney for the Southern District of New York.
Following announcements by the Office of the United States
Attorney for the Southern District of New York relating to its
investigation of the U.S. Internet gambling industry, the Company
announced on May 8, 2007 that it had initiated discussions with the
U.S. Attorney's Office and it was in the process of responding to a
voluntary request for information issued by the U.S. Attorney's
Office. In connection with such ongoing investigation, the Company
announced on May 11, 2007 that it had received a copy of warrants
of seizure issued by the U.S. Attorney's Office against funds of
certain payment processors that were on deposit with two U.S.
banks, which included $19,182,418.18 on deposit to the credit of
the Company's affiliates.
Under the terms of the non-prosecution agreement, a total of
$19,182,418.18 will be forfeited to the United States by the
Company and its subsidiaries, as disgorgement of property involved
in and proceeds received from the payment processing services that
were provided by the Company's subsidiaries to Internet gambling
merchants in relation to U.S. customers of such merchants. Optimal
and the U.S. Attorney's Office have agreed that the $19,182,418.18
previously seized, which is presented as restricted cash on the
Company's consolidated balance sheets, shall be applied to satisfy
the forfeiture obligation.
A copy of the non-prosecution agreement will be electronically
filed with Canadian securities regulators and the United States
Securities and Exchange Commission as soon as reasonably
practicable and will thereafter be available on SEDAR at
www.sedar.com and on EDGAR at www.sec.gov.
About Optimal Group
Optimal Group Inc. has operated and, through various
subsidiaries, has actively managed a variety of businesses.
Optimal Group Inc. currently operates:
The WowWee group of companies, with operations in Hong Kong,
Carlsbad, California, Brussels, Belgium and Montreal, Quebec.
WowWee Group Limited, based in Hong Kong, is a leading designer,
developer, marketer and distributor of technology-based consumer
robotic, toy and entertainment products.
For more information about Optimal, please visit the Company's
website at www.optimalgrp.com.
Contacts: Optimal Group Inc. Leon Garfinkle Senior Vice
President, General Counsel and Secretary 514-738-8885
leon@optimalgrp.com
Optimal (NASDAQ:OPMR)
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