TORONTO, Aug. 27, 2010 (GLOBE NEWSWIRE) -- Degama Software Solutions, Inc. (Pink Sheets:DGMA) announces today that it has entered negotiations with a North American Dating Website. The crux of discussions is to outline a mutually beneficial union in which Degama would license its cutting-edge geolocation software to be incorporated into a Smartphone App component to the online matchmaker's website.
"Meetings thus far have been very promising for Degama," states Seijin Ki, the company's tireless CEO. "We've been fortunate to entertain several beneficial partnerships in addition to our own IP such as the VascoNow™ application, and this only adds to positive company exposure and additional revenue stream potentials. The dating site, to remain confidential until App upgrades have been fully implemented, is no exception. Here we have the perfect marriage that will fulfill our client's needs while generating a steady monthly revenue stream for Degama immediately upon deployment."
This revenue stream is based on a sliding scale that increases in line with site members' mobile usage. "Not a bad day at the office considering that it is predicted that Americans will spend $1.7 billion on dating services by 2013. Obviously we'd only be capturing a percentage of the market, but the timing is perfect as social networking and mobile applications breathe new life into what only a few years ago seemed to be the 7-year-itch of dating sites," states Ki.
Further, Juniper research published earlier this year that the presence segment of Smartphone apps will be worth US$ 6 billion alone by 2014, covering geolocation and social web services. Ki feels the company is keeping very good pace with precipitous industry growth in terms of geolocation and trends therein and looks forward to updates on contracts in the coming days. As well, DGMA's agreement with a Software App Marketing and Advertising Company in India will be finalized next week. Legal counsel on both sides are finalizing terms for a long-term, mutually beneficial collaboration.
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
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.
CONTACT: Degama Software Solutions, Inc. Seijin Ki email@example.com