Global Gaming Network, Inc. to Merge With Innovativ Media Group, Inc.
(firmenpresse) - LOS ANGELES, CA -- (Marketwired) -- 06/02/15 -- Global Gaming Network, Inc. (OTC PINK: GBGM) ("Company") is pleased to announce that it has entered into a letter of intent with Innovativ Media Group, Inc. ("Innovativ") dated June 1, 2015, relating to a reverse takeover transaction, whereby the Company proposes to acquire all of the issued and outstanding securities of Innovativ in exchange for the issuance of common shares of the Company. The parties endeavor to consummate the reverse merger transaction within thirty days of the signing of the letter of intent.
Innovativ is a producer and distributor of digital entertainment based in Los Angeles that upon the completion of the reverse merger will operate the newly structured company primarily as a digital entertainment enterprise. Innovativ will also continue to operate the Company's business to business online gaming division focused on licensing customized fantasy sports games to casinos, restaurants and sports bars nationwide.
Global Gaming Network, Inc. is a developer, distributor and aggregator of digital entertainment and sports information for online and mobile platforms.
Innovativ Media Group (Innovativ) is a developer, producer and distributor of multi-media content. It has acquired many of the assets of Lux Digital Pictures including a library of feature motion pictures and, via New Broadway Cinema, produces adaptations of stage shows utilizing its trademarked DigiTheater™ green screen process. Innovativ also operates The Alien Channel on YouTube, in partnership with FullScreen, Inc., is developing the new web series Just Smart People, the customized movie title search destination VOD Movie Guide and is a principal in the Film Finance Exchange.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such.
Contact:
Stephen Kern
President
323-967-7900
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Datum: 02.06.2015 - 12:30 Uhr
Sprache: Deutsch
News-ID 397537
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contact information:
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LOS ANGELES, CA
Kategorie:
Internet
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