Las Vegas, NV, January 10, 2012 --(PR.com
)-- BubbleProtection.com, a trusted provider of protection and indemnity products designed for the online poker player, announces the completion and full subscription of a non-brokered capital raise in excess of one million dollars through a private placement offering.
Bubble Protection which successfully launched in November of 2011 is an online poker indemnity tool designed to capitalize on the hundreds of thousands of online poker tournaments played globally each week. Purchasing Bubble Protection safeguards an online tournament poker player's entry fees and "bankroll" from landing in the unenviable "bubble" position.
The "bubble" is the last finishing position in a poker tournament before entering the tournament payout structure "in the money." Typically the "bubble" refers to a single or small number of positions outside the last finishing position.BubbleProtection.com covers a "new bubble" that is calculated at 10% of the total number of tournament entrants. By way of example, if one thousand players enter an online tournament, the "new bubble" covered by the Bubble Protection policy would be 100 positions (10% of total entrants) outside of the tournament payout structure. Bubble Protection is currently available to all non-U.S. players for all regularly scheduled tournaments on PokerStars, Party Poker and iPoker Networks. Based on recent developments that support the renewed interest in legislating on line poker in the United States, BubbleProtection.com is optimistic that they will be able to extend their product offerings to U.S. based players in the near future.
“We are pleased with the reception and gratified by the speed at which investors acted upon this opportunity,” said Eugene Castro Bubble Protection Founder and CEO. “We are excited that our investors share the same level of enthusiasm and confidence in BubbleProtection as the numerous companies that have expressed their interest in forging strategic relationships.”
The revolutionary product is a tool designed specifically to lessen the player's frustration, protect players bankroll and potentially improve players overall tournament results by time shifting risk. A complete description of how this process works is available at the company website, www.BubbleProtection.com
Additional investor information is available at the company website, or by calling 1-866-686-6366.
About Bubble Protection
BubbleProtection.com is a trusted provider of protection type products that are designed specifically for the online poker player. BubbleProtection.com was formed to develop an innovative protection/indemnity product for the online poker tournament player who is constantly looking for creative yet practical ways of managing and ultimately protecting their entry fees and "bankroll.” For additional information, investor information or photos please contact the company at press@BubbleProtection.com or call 1-866-686-6366.