London, United Kingdom (PressExposure) October 18, 2011 -- Avazoo Corp announced today that they have been issued their first internet gaming license, clearing the way for the company to launch the world's first Billion Dollar Raffle. This global event will make one lucky winner a billionaire, more than 100 people millionaires, and 1 in 3 ticket holders will win a cash prize with 40% of net revenue of the company, estimated to be in excess of $2,000,000,000 per drawing, donated to projects that will support the United Nations Millennium Development Goals and other worthy charitable causes.
The Avazoo team made their announcement at the Couture Fashion Week Event, September 16th-18th, 2011 at the Waldorf Astoria Hotel in New York City where those attending were the first to be given the opportunity to ask questions and receive information. They were also able to register for free with Avazoo to be entered into a free $10,000,000 cash prize draw only available during the company's pre-launch marketing campaign.
Representatives of Avazoo's management and executive team also attended the First Ladies Official Side Event At The UN HLM on NCDS 2011 Conference held at the Waldorf Astoria Hotel September 19th, 2011 to become better acquainted with some of the humanitarian initiatives that support the United Nations Millennium Development Goals. While they were there they had a unique opportunity to garner support for their projects from heads of states, ambassadors, and global charitable non-profits.
Managing Director of Avazoo, Harvey McGehee explains; "We have been working for almost 6 years putting this project together and we are delighted to finally be licensed and ready to enter the pre-launch phase of our marketing. The Billion Dollar Raffle will become the largest single funding source for projects that support the United Nations' MDG's and other charitable causes. This conference has provided a unique opportunity for us to gain insight into some of the valuable work being done around the world and to assess the financial needs of these organizations to accomplish their goals."
According to Avazoo, the concept was originally scheduled to launch in 2007 under the name of Gigabuzz with only a half billion dollars first prize, but developments in gambling legislation led to canceling the launch and a complete overhaul of the program so that through Avazoo there would be a true $1,000,000,000 first prize.
The Billion Dollar Raffle offers a first prize of $1 billion, a unique 1 in 3 chance of winning a cash prize, the ability to earn free entries, opportunities to win fabulous monthly prizes, and at the same time contribute hundreds of millions of dollars to worthy charitable causes, including those that support the United Nations MDG's. The 12 month worldwide marketing event, which is projected to launch in November 2011, will culminate in the grand prize draw event in November 2012.
Although the grand prize of 1 billion dollars to a single winner sounds like an incredible amount, consider that in 2010 total U.S. lottery sales rose to more than $58.8 billion, generating profits of more than $17.8 billion and that Spain's El Gordo Lottery paid out more than $3 billion dollars in prizes in a single draw last December.
Those who wish to participate in the world's largest cash prize draw will be able to choose from a range of entry options that will start at just $10 for a fractional ticket and other tickets that include multiple entries, plus have an opportunity to earn unlimited free entries and fabulous monthly bonus prizes. Avazoo even has a syndicate entry that allows up to 25 people to participate together and share in any win, and a corporate entry for businesses that wish to take part in the draw for their employees.
The Billion Dollar Raffle is projected to officially launch in November 2011 when consumers across the globe will be able to purchase their raffle tickets. However, the company is already allowing people to pre-register for information through their website at http://www.Avazoo.com and those who register for free before the official launch will be given a chance to win one of almost 100 cash prizes totaling $10 million. Those who register on the Avazoo website will be entered to win one of the cash prizes regardless of whether or not the person buys a ticket for the Billion Dollar Raffle draw when they go on sale at the official launch, projected to be in November 2011.
Those who register for free on the Avazoo website will be included as part of Avazoo's very own exciting social network known as the Communication Resource Center (CRC). The CRC is like Facebook, Craigslist, YouTube, with much more all rolled up into one. While there, Members of the social network will be able to keep up with the current activities of the Billion Dollar Raffle and the Avazoo team under 'What's New' on the website as things develop over the next 12 months during Avazoo's marketing campaign. Also they will be able to invite friends and family to join to receive additional free entries in the pre-launch $10,000,000 cash prize draw while making friends with other Avazoo Members worldwide and participating daily in popular online games.
Avazoo expects the world's biggest cash payout to attract tens of millions of players as well as unparalleled media coverage from around the world, and has limited ticket sales in the first Billion Dollar Raffle to just 30 million tickets. They have planned a global advertising and marketing campaign to attract ticket sales using television, print, billboards, internet, and all other available media which will also carry the names of their sponsors and advertising partners. They promise that it will be a campaign that reaches every household in dozens of countries on all continents.
"We are excited about being able to finally announce this incredible event to the world." said Mr. McGehee. "We want to build some anticipation and a buzz before the tickets go on sale, and allow people to contemplate becoming the World's first ever raffle draw billionaire. The important message we want to get out there is that not only will this be the biggest cash prize in history, but the jackpot will be won by one individual and still offer better odds than winning most major lotteries. Most importantly, participants can only ever purchase one ticket for each Billion Dollar Raffle draw so there is no chance of it leading anyone into indebtedness yet they can remain engaged by earning free entries into the draw."
The thought that someone will win $1,000,000,000 is sure to capture the imaginations of millions of eager players around the globe, especially those who regularly play the lottery or participate in other gaming activities. The Avazoo Billion Dollar Raffle draw itself will be a week-long event, and is to be streamed across the world live via television and the internet. The company believes the drawing for the winner of a billion dollars could draw one of the largest viewing audiences in history, and they could be right.
Gerard McKeon and Joyce Brooks, publishers of Black Tie International Magazine have joined with Avazoo and accepted the challenge of forming a top International Philanthropy Board and Committee to direct the philanthropic giving. The Advisory Committee and Philanthropy Board will identify and assess the projects most worthy of donations from the proceeds of the Billion Dollar Raffle. The Advisory Committee will be made up of celebrities, philanthropists, and industry leaders to ensure complete impartiality.
Avazoo is strongly committed to working as a "Sustainable" corporation. It has fully adopted a management model that incorporates Financial, Social, and Ecological values. Avazoo is committed to supporting the achievement of all of the Millennium Development Goals and other worthy charitable causes, and provides a great vehicle for the World's peoples to contribute and support that effort, while enjoying themselves and having fun playing the game at the same time.
Anyone wanting to be among the first to get full details can pre-register on their website at http://www.Avazoo.com. When the company representative was asked how the pre-launch campaign was progressing he said that the response has been tremendous with thousands registering with Avazoo for their free entry into the $10,000,000 pre-launch drawing since they have nothing to lose and can register at absolutely no cost.