Parlay Entertainment ends tender process

The thoughts of Mark Blandford or Ladbrokes entering the bingo space more actively appear to have disappeared.  Parlay has announced today that the tender process to acquire the company has not resulted in any deal with interested parties.  It appears that it is business as usual for Parlay.  Here is the press release regarding possible acquisition of the bingo software provider:

Parlay Entertainment Inc. Announces End to Tender Process
Thursday March 13, 8:39 am ET

OAKVILLE, ONTARIO–(Marketwire - March 13, 2008) - Parlay Entertainment Inc. (TSX VENTURE:PEI - News; “Parlay” or the “Company”), the world’s leading supplier of Internet bingo software, announced today that a binding agreement has not been concluded with any of the parties who expressed an interest in conducting due diligence on the Company within the timeframes established by the Special Committee of the board of directors.Parlay wishes to express its thanks to all groups who contacted the Company during the tender process. As the process is complex, expensive and time consuming, Parlay also extends its thanks to its employees, licensees, prospects and partners for their patience during this process. As this now brings a conclusion to the tender process, the Company confirms that it will be focusing its efforts on the continued expansion of its core licensing business in the coming months.

As a result of the tender process, Parlay has established new relationships with several highly regarded firms. The Company intends to pursue those relationships with a view to exploring the software licensing and other synergies which exist between those businesses and Parlay.

http://biz.yahoo.com/ccn/080313/200803130448361001.html?.v=1