TiE50 selects PlaySpan as award winner at TiECon2009 Conference
16 May 2009, 1747 Hrs

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Mumbai, May 16 (ANI/Business Wire India): PlaySpanT, the leader in monetization solutions for online games, virtual worlds, and social networks, today announced that the company has been awarded a TiE50 Winner, a leader in innovation, ingenuity, and management excellence.

The TiE50 award is presented by TiE at TiECon2009 to the top 50 start-ups from close to 1,200 nominees.

TiE is a global organization dedicated to fostering entrepreneurs across its international network sponsored by top venture capital firms and Fortune 500 corporations.

TiE is spread across 53 chapters in 12 countries comprising of 1,800 experienced entrepreneurs and business executives as charter members, 12,000 aspiring entrepreneurs and professionals as members.

"All of this year's winners embraced TiE's message of the bold entrepreneur," said Mateen Syed, TiE50 Chair.

"The judges were impressed by the quality of ideas and execution across each vertical segment. These fifty companies represent the finest in entrepreneurship and serve as role models, encouraging and inspiring emerging start-ups to succeed as Bold Entrepreneurs stimulating the economy," added Syed.

"It's an honor to be recognized as a winner in TiE50's Consumer Web segment with so many deserving companies in the running," said Karl Mehta, Founder and CEO of PlaySpan, Inc.

"PlaySpan is in a very solid position as the global leader in monetization solutions, which has become a very hot space for thousands of virtual worlds, social networks, and online games developers and publishers seeking to provide alternative payment options to consumers and add incremental revenue streams to their products," added Mehta.

PlaySpan's patent-pending in-game virtual goods commerce and micropayment platform enables game publishers and developers to generate new revenues, acquire new users, and extend the loyalty of existing users.

PlaySpan also offers global payment solutions through its subsidiary PayByCash with 80 payment methods in 180 countries and ULTIMATE GAME CARD available for 300 games in over 27,000 retail locations across North America and thousands more in several key markets worldwide. (ANI)

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