Game Trading Technologies, Inc.
Game Trading Technologies, Inc. ("GTTI") a publicly-traded company (OTCBB: GMTD) is a leading game trading services provider focused on the procurement, refurbishment and redistribution of pre-owned video games.
GTTI currently supplies unique services, supported by innovative technologies to an array of retail customers, allowing them to better serve their customers with a primary focus on monetizing their video game collections. The foundation of most of these relationships is GTTI's proprietary game trading database, which updates values on more than 10,000 video games and consoles on a daily basis according to market conditions. Consumers who shop at our retail partner locations have the ability at any given time to trade in a single game or console, or an entire collection. In exchange, they receive store credit in the form of a gift card that can be used to purchase anything the retailer sells. The unique advantage that GTTI offers in conjunction with the trade values is a guaranteed purchase of those items as a pass-through directly from the retailer.
About Game Trading Technologies, Inc.
Founded in 2003 and headquartered in Hunt Valley, MD, Game Trading Technologies, Inc. ("GTTI") is a leading video game trading services provider focused on valuation, procurement, refurbishment, and redistribution of pre-owned video games. The Company provides an array of unique services to a number of national partners allowing them to better serve customers who want to trade their games for store credit or purchase pre-owned games. The foundation of most of these relationships is GTTI's proprietary "Game Trading Engine," which provides real-time market pricing on more than 10,000 video games and consoles.
Gamers Factory, a wholy owned subsidary of GTTI, is a trusted brand in the industry signifying certified pre-owned video games, consoles, and accessories. Visit our online direct to consumer store at www.gamersfactory.com.
Gamers Factory B2B serves as a one-of-a-kind online marketplace for small businesses to acquire inventory at wholesale pricing, or to monetize their unwanted inventory in support of retail or online operations. Visit our website at www.gfib2b.com.
President and Chief Executive Officer, Director
Mr. Hays founded Game Trading Technologies, Inc. in 2003 as a solution to the growing need for wholesale distribution capabilities in the fledgling, pre-owned video game industry. Prior to starting Game Trading Technologies, Inc., Mr. Hays was founder, President and Chief Executive Officer of InterAct Accessories, Inc. Founded in 1991 and later sold to Recoton Corporation, InterAct became the world’s largest third-party developer, manufacturer and distributor of peripherals for video game consoles and computers. InterAct was the leader in market share for nine years with a peak of 73% in 1999. Under Mr. Hays’ leadership, the company generated over $1.4 billion in revenue during that time span, while developing GameShark®, one of the most recognizable brands in the industry. Mr. Hays received a B.A. degree in Marketing from Pennsylvania State University.
Chief Operating Officer, Director
Mr. Hillman has been the Game Trading Technologies, Inc. Chief Financial Officer and General Manager from 2003 through the present, and prior to that was Vice President of Product Development for InterAct Accessories, Inc. from 1998 through 2003. Mr. Hillman has 12 years prior experience in various management positions, primarily in finance and strategy, with Constellation Energy Group, a multinational energy services firm. Mr. Hillman received a B.S. degree in Electrical and Computer Engineering from The Johns Hopkins University, an M.S. degree in Finance from Loyola College in Baltimore, Maryland, and an M.B.A. degree from the University of Baltimore.
Vice President - National Sales
Mr. Hays manages Game Trading Technologies, Inc.’s relationships with its retail corporate customers and suppliers from which it procures its inventory and distributes its refurbished products. Prior to Game Trading Technologies, Inc., from 1996 to 2002, Mr. Hays formed and managed Proactive Marketing, a manufacturers’ representative agency which sold PC and videogame software and accessories to Wal-Mart, Hastings Entertainment, Office Max, Office Depot, BJ’s Wholesale Clubs and Micro Center, as well as various distributors in Latin America. Mr. Hays developed his sales background during 13 years working in various sales territories and as a district manager for a division of Alcan Aluminum Corporation. Mr. Hays received a B.A. degree in Business from Towson University, and an M.B.A. degree from the University of Baltimore.
Controller and Director of Finance
Mr. Miller develops and maintains all accounting policies and procedures, and maintains relationships with Game Trading Technologies, Inc.’ various vendors, customers, banks and investors. Mr. Miller has held several Controller and Assistant Controller positions since 1994 in various small to mid-size firms. He received a B.S. degree in Accounting from Pennsylvania State University.
Game Trading Technologies, Inc. Partners with 7-Eleven, Inc. in Introducing 'Great Games Below $20' Program to Over 3,000 U.S. Stores
HUNT VALLEY, Md., April 19 /PRNewswire-FirstCall/ -- Game Trading Technologies, Inc. ("GTT", OTC Bulletin Board: GMTD), a leading game-trading services provider, announced today that it has created a new program of "GREAT GAMES BELOW $20" for more than 3,000 7-Eleven® stores. These outlets represent 50 percent of the U.S. stores operated and franchised by 7-Eleven, Inc.
"What this means to consumers is that they will have many convenient locations, most open 24/7, to buy value-priced video games," said Todd Hays, president and CEO of Game Trading Technologies, Inc. "The program is available to all 7-Eleven U.S. franchisees, and we hope to have most U.S. stores on board by September."
Each participating store receives a corrugated display with a mixture of games representing various platforms and price points, all at $19.99 or below. GTT, a company focused on technology, supply and services in the fast growing, pre-owned video game market, also provides regular replenishment to ensure that stores remain well-stocked with a broad selection of games at value prices.
"We partnered with GTT because of their experience and expertise as a third-party provider of video games and the terrific selection they'll offer to our customers," said Michael Jester, 7-Eleven category manager for gaming and electronics. "More than 60 percent of U.S. households now have at least one video game console, and consumers are searching for convenient ways to stretch their entertainment dollar in this challenging economy."
OTC Market Tier OTCQB
Number of Employees 68 as of Dec 31, 2009
Reporting Standard U.S. Registered & Reporting: SEC Filer
Fiscal Year End 12/31
Estimated Market Cap $51,200,000 as of May 18, 2010
Outstanding Shares 10,240,000 as of Feb 26, 2010
Float(shares) 1,200,000 as of Feb 26, 2010
Number of Shareholders of Record 128 as of Mar 29, 2010
Current Capital Change shs increased by 2 for 1 split
Ex-Date: Jul 2, 2008
Record Date: Jun 23, 2008
Pay Date: Jul 1, 2008
- Formerly=City Language Exchange, Inc. until 2-2010
Sichenzia Ross Friedman Ference LLP
New York, NY 10006