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GK Intelligent Systems, Inc. (fka GKIG) RSS Feed

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GKIG .07 x .085 Approx. 26M O/S 5 Mil. Float GKIG Announces Alliance For Accelerating Growth, Signs Business Advisory and Consulting Agreement to Assist in M & A Monday November 10, 6:02 am ET HOUSTON--(BUSINESS WIRE)--Nov. 10, 2003--GK Intelligent Systems, Inc. (GKIG)(OTCBB:GKIG - News) --, an emerging developer, provider and licensor of proprietary "intelligent" software, announced today it has signed a business advisory and consulting services agreement with New York-based Stanton, Walker & Co. Stanton, Walker will assist in the evaluation of certain strategic business decisions facing the company, including how GKIG can utilize its $41 million (approximate) loss carry forward to best advantage. GK Intelligent Systems intends to initiate discussions with several companies regarding licensing arrangements, joint ventures and possible mergers and acquisitions. Stanton, Walker's work will include due diligence, structuring transaction terms and providing consulting services throughout the process. Stanton, Walker will also seek potential acquisition candidate companies that fit GKIG's business objectives. Gary Kimmons, GKIG President and CEO stated, "We look forward to evaluating several opportunities that could enhance our goal of becoming profitable with sufficient capital to execute the company's growth plans. These goals will require the assistance of specialized experts. We feel Stanton, Walker can do this expeditiously." Kimmons continued, "We believe there are many private companies who might have products or services that would benefit from becoming a part of a publicly traded entity. For GKIG and its shareholders, acquisitions represent a powerful new growth strategy." About Stanton, Walker & Co. Stanton, Walker & Co. provides a full range of strategic operational, marketing, financial advisory and M & A services to public companies. They assist companies in a wide array of industries, primarily those whose products offer the company's stakeholders an opportunity for a significant return. About GKIG GK Intelligent Systems is a developer, provider and licensor of proprietary "intelligent" software technology products and supporting technologies designed to personalize nationally-branded products and services, with the objective of improving profitability and fostering higher levels of customer satisfaction and brand loyalty. -------------------------------------------------------------------------------- Contact: GK Intelligent Systems Inc., Houston Deanna Slater, 713-972-1454 www.gkis.com ---------------------------------------------------------------- Currently, intensive negotiations are under way with the founder of MTV to introduce and market enhanced software products in the music and entertainment field. Music fans across the globe and the national entities that sell goods and services to these fans will be targeted. Recording Artists Worldwide Inc. (known as RAWW!) will give music fans of all ages an opportunity to interact with the stars they admire, download their available music for free, plus buy the goods and services and other memorabilia offered. It will also provide a platform to introduce new music groups. Beyond this, the company foresees major U.S. retailers participating in this new marketing tool utilizing free music as a lure to increase potential customers to their respective establishments. The company will benefit from all these applications on an ongoing royalty basis.
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