By host on 4/3/2011 1:23 AM

Manila, Philippines; 13 December 2010 -- IP E-Game Ventures, Inc. (IP E-Games; PSE: EG), the publicly listed online gaming subsidiary of listed technology conglomerate IPVG Corp. (PSE:IP), has signed a share purchase agreement with ePLDT to purchase the latter’s 75% stake in Digital Paradise Inc. (Digital Paradise). Digital Paradise operates the Netopia brand of Internet Cafes. The Internet Café chain currently has a network of 105 cafes nationwide, 71 of which are company owned and 34 of which are franchised.

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