updated 8/31/2010 4:45:50 PM ET 2010-08-31T20:45:50

TORONTO, Aug. 31, 2010 (GLOBE NEWSWIRE) -- Degama Software Solutions, Inc. (Pink Sheets:DGMA) is pleased to announce 12 month projections of $32 million based on its initiatives summary as it prepares for Q4.

CEO Seijin Ki comments, "Our revenue streams for the next twelve months comes from our co-development deals with different partners worldwide. Including an active, multi-lingual expansion of our core product, VascoNow™, as well as exclusive IP licensing rights worldwide, we are confident that Degama Software Solutions will exceed projections of $32M in gross revenue over the next 12 months." He continues, "This does not include an exciting new development to be announced soon, which will be deployed by the end of this year, which accounts for $7m of the $32m figure. We are confident these projections are conservative and based only on extensive blueprints in market proven sectors and regions, globally."

The Degama Software Solutions model is well-anchored by its flagship Application, the English-speaking version of VascoNow™. Degama's primary core IP is its Geolocation software which powers the VascoNow™ App. Geolocation software has several applications with a decidedly promising future, according to several key industry experts and financial sources. 

According to Wikipedia, Geolocation technology is already widely used in multiple industries, including e-retail, banking, media, online gaming and law enforcement, for preventing online fraud, complying with regulations, managing digital rights and serving targeted marketing content and pricing. It's used for Criminal investigations, fraud detection, regional licensing, marketing, social networking, emergency response systems among many other uses. 

Some of the most progressive evidence of growth is the exponential increase in global partnerships involving Degama's VascoNow™. Currently the company is in discussion with or under Agreement with strategic partners in respective countries/regions for VascoNow development in various languages including Korean, Japanese, Spanish, Hindi and French, among others. 

Ki illustrates, "The overall strategy, which we feel to be a presage for aggregate success, is this: Degama will license our VascoNow™ Application and our Geolocation-based software at no cost to our partners worldwide; in turn, they will develop a VascoNow version in their native language. From there, they will work with our global marketing team to manifest a unified brand and also leverage our different geographical locations to create a global advertising campaign for Multinational companies and we will share all revenues from these territories." 

Company executives calculate DGMA revenues to nearly triple by Q3 2012 and will be releasing detailed projection breakdown in the near future, after the announcement of an exciting development utilizing its software in the profitable gaming sector with potential distribution outlets worldwide.

About Degama Software Solutions, Inc.

Degama Software Solutions, Inc. is a leading edge technology company that develops and markets proprietary location based software solutions and applications for consumers and businesses. Degama Software Solutions, Inc. is a publicly listed company (Pink Sheets:DGMA)

Degama Software Solutions Inc., (Degama) markets and builds applications, or "apps" to make it simpler and more enjoyable for people to share information and get things done together. In a vast world, Degama helps people navigate through their days and travels while at the same time staying connected to their friends, family and the world.

Degama is committed to developing and delivering the best products. As mobile devices become increasingly central to people's lives, we work hard to help you get the information you need when you are on the go. For more information about Degama Software Solutions please visit www.degamasoftwaresolutions.com

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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