Hip Interactive Corp.
Hip Coin(TM) named exclusive North American distributor for certain Universal Space Video Game (Canada) Ltd. products
TORONTO, Nov. 3 / - Hip Interactive Corp. (TSX:HP), Canada's leading provider of electronic entertainment, including video games, PC games, accessories and movies, announced today that Hip Coin(TM), its coin-operated amusement division, entered into an exclusive distribution agreement with Universal Space Video Game (Canada) Ltd., a Chinese-based manufacturer of amusement products. The agreement entered into by Hip Coin(TM) gives it North American exclusivity on a number of amusement products manufactured by Universal Space, which products are labelled "UNIS". Specifically, Hip Coin(TM) will have the exclusive North American distribution rights to such products as the 'Ocean Carousel' merry-go-round kiddie ride, the 'Winning Shot' prize redemption game and 'Bear Train Express', a kiosk-based unit that creates stuffed animals and supplies the accessories for the finished product. Joe Khoury, General Manager for Hip Coin(TM), stated, "These products from Universal are unique and present a great opportunity for the family entertainment industry as a whole.
Louis Lu, President of Universal Space, commented, "We are delighted to have engaged Hip Coin(TM) as our exclusive distributor for several of our UNIS product lines in North America. Hip Coin(TM) has the industry expertise and distribution relationships which we know will provide a long, productive relationship."
About Universal Space --------------------- Universal Space Video Game (www.universal-space.com) is a leading international manufacturer of Amusement Machines. Universal Space currently has over 1/4 million square feet of manufacturing space with offices in Hong Kong, Japan and Canada. Universal Space's core business focuses on manufacturing products for the Family Entertainment Centers and continues to expand on Game Design, Research and Development departments to come up with new titles each year for the Amusement Industry.
About Hip Coin -------------- Hip Coin(TM) manages coin-operated kiddie rides and a full complement of coin-operated amusement and redemption machines in various movie theatres and location-based entertainment facilities across Canada and the U.S. Hip Coin(TM) also rents and distributes coin-operated machines and is a distributor for major manufacturers including Global VR, Rowe International, Smart Industries, Ice, Sega, Namco, Fantasy Entertainment and JVL Corporation.
About Hip Interactive --------------------- Hip Interactive (www.hipinteractive.com) is a leading provider of electronic entertainment products, including PC and video games, movies, video arcade games, and proprietary games, branded as Hip Games(TM), and accessories, branded as Hip Gear(TM). The Company distributes all first party products, including Sony, Microsoft and Nintendo hardware, software and accessories, as well as third party licensed video game software. With offices across North America and in Europe, Hip uses its distribution business to leverage into higher margin, higher growth areas of the electronic entertainment industry, such as licensing, publishing and its proprietary games and accessories. Hip Interactive trades on The Toronto Stock Exchange under the trading symbol "HP".
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