Next Group Holdings, Inc. (OTC: PLKD) has signed an agreement granting it exclusive option to purchase a controlling interest in Lubar Technologies, LLC, the company said.
Founded in 2002, Lubar is in the business of redefining the live gaming experience by developing and providing innovative video conferencing gaming solutions. Lubar applications allow real physical casinos located throughout the world to market their games-including blackjack, poker, roulette, and dice games, among others-to the online gaming market.
Focusing on providing the best video quality, audio clarity, and usability for end users and service providers, Lubar´s video conferencing gaming system transforms the way players participate in online gaming, while enabling physical casino operators profitable new services and revenue streams.
Using Lubar technology, players remotely accessing casino games from their home computers are able to see and talk with the dealer or croupier and with other players, as if they were in the casino. Using real cards, real dice, real casino equipment, and a live dealer preserves the element of randomness and enhances the experience of realism for remote gamers.
Lubar owns patents for its technology in more than 20 countries throughout the world.
Under the option agreement, after completing due diligence, PLKD will have the right to acquire 78 percent of the membership interests in Lubar Technologies, LLC for USD1,500,000, all in common shares of PLKD.
PLKD is a corporation headquartered in Miami, Florida, which, through its operating subsidiaries, engages in the business of using proprietary technology and certain licensed technology to provide innovative mobile banking, mobility, and telecommunications solutions to underserved, unbanked, and emerging markets.