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Saturday, September 26, 2015 3:50:28 PM
LOS ANGELES, CA--(Marketwired - Jun 15, 2015) - Global Gaming Network, Inc. (OTC PINK: GBGM) http://www.globalgamingnetwork.net/ ("Company") announces that it has fully paid and retired the convertible note held by Carebourn Capital LP effective May 27, 2015 . The Company currently has no other convertible notes on its balance sheet, but will continue to seek out appropriate forms of equity and/or debt to properly fund the Company in order to successfully accomplish its present and future goals.
"We are pleased to have quickly and successfully retired the Carebourn debt and we are looking forward to growing shareholder value via our acquisition of Innovativ Media Group, Inc., http://innovativemedia.com/, a transaction we expect to close by the end of the month. This important acquisition allows the Company entry into the expanding digital entertainment business gaining experienced management and established assets, while still retaining an active division focusing on licensing customized fantasy sports games to casinos, sports bars and restaurants nationwide," said Stephen Kern, President of the Company.
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