The capital raised by the deal will be used for further regional expansion and the extension of the product range. “With the launch of a new terminal generation and a new software update, Funworld achieved a new goal and full order books now follow the shows in Spain, Germany and the UK, as well as our successful into the US market,” said Josef Öhlinger, majority shareholder and chairman of the board of Funworld ag. “With Hannes Niederhauser we have found a strong partner, who assures the further expansions of the brand Photo Play in new markets like the US, but who also affirms us in our strategies of building up successful new business segments. “A first step will be to tighten the organisation and use our chances to force the power in the existing markets,” he added. Niederhauser is in agreement with plans to continue pushing forward into international markets, as well as enlarging the product portfolio. He will take no operational role within the company but will bring his international experience to his role as chairman of the supervisory board. “Funworld already is market leader in Europe in touch-screen based games and terminals. In some years we can be number one worldwide,” Niederhauser commented.

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