Letter from GAMZ CEO Kelly Jones:
Friends and shareholders:
Attached is this morning's press release announcing Ferris' contract with Red Baron Pizza.
This is a significant release for a couple of different reasons.
First, this is obviously a very nice piece of business for the new, combined company. Red Baron Pizza approached Ferris and desired an aviation version of Ferris' hugely successful virtual reality test drive created for Buick. Although it is a big project financially, the real opportunity presented is that it affords us another avenue to demonstrate the huge potential for the commercial exploitation of Ferris' unique photo-realistic virtual reality.
I can advise you that there are more of these types of projects currently in the advanced negotiation stage.
This release also is the first tangible evidence of the process of integrating the two companies. Please recall that the due diligence phase of our merger agreement has been successfully completed, and the only remaining hurdle to consummation of the merger is filing the proxy statement with the Securities and Exchange Commission and the subsequent shareholders' approval.
With the merger accomplished from a practical standpoint, Bob Ferris and I are moving forward with integration of the companies. We are working toward standardizing employee compensation, policies, contracts, agreements, etc. As we have previously advised you, the corporate offices (and a satellite sales office) will remain here in Arlington, but we will run all the operations from Ferris' current Phoenix offices. We are proceeding with relocation plans in accord with this decision.
I will of course keep you advised as to our progress, and we hope to be able to forward the proxy statement to you by mid-month or so. I am obviously pleased and excited to be merging GameCom with a company with as much potential as Ferris, to say nothing of the established revenue stream the combined company will immediately have.
These are simply my personal comments, and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to an investment in GameCom. I respectfully refer you to GameCom's filings with the Securities and Exchange Commission.
L. Kelly Jones, GameCom CEO
