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True-Gaming.Net Raises Early Stage Investment From N2V
Published Mar 20, 2011
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National Net Ventures (N2V), the prominent Internet Holding in the Middle East, announced today its investment in True-Gaming.net, the Middle East leading video games portal.
“Investing in True-Gaming.net comes as part of our plans to expand into the online and mobile gaming industry” Rashid Al Ballaa, N2V CEO stated.
“We’ve been supporting several online games companies through OneCard as a payment gateway and NetAd-Vantage as an online advertising network, and now we expanding our support by investing in a leading games portal and online community.” he added.
Mohammed Albsimi, founder and CEO of True-Gaming.net, sees a bright future in this investment: “True-Gaming.net is known for its tremendous achievements over the past few years; however, capital investment, more resources and tools are needed to accelerate our growth and provide even more value to our community.”
“I do believe N2V will live up to our expectations. It truly qualifies as the perfect investor due to its solid infrastructure and wide network of mentors that includes successful entrepreneurs from Silicon Valley.” He added.
“Our vision will be materialized through N2V’s expertise and know-how. True-gaming.net will be able to offer more gaming coverage that will satisfy the continuous demands of its community,” he explained.
True-Gaming.net is the number one destination for video gamers and fans of interactive entertainment in the Middle East. Since its launch in 2004, it has succeeded in establishing a large and loyal fan base of hardcore gamers from around the region’s top markets. True-Gaming also contributes significantly in the growth of the local market by holding live events, competition and social activities around the year.
National Net Ventures (N2V) is an Internet holding company whose core business is to develop online and interactive web-based ventures. N2V invests capital in a variety of ventures from startups to more established companies; it also offers infrastructure, resources, experience and know-how to these companies to accelerate their growth.
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Posted by
VMD - [Virtual Marketing Department]
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