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Ferris Productions to be Acquired by GameCom


Wednesday April 18 by Staff Writer
GameCom, Inc. announced today that it has executed a letter of intent to acquire Phoenix-based Ferris Productions, Inc., the world's largest virtual reality company. Ferris controls over 80% of the virtual reality entertainment center business in theme parks, including at Busch Gardens, Paramount Parks and Circus Circus. Terms of the agreement were not disclosed.

Ferris' commercial products also have significant business-to-business applications. The company has completed high-tech projects for companies such as Pepsi, IBM, US West and Mercedes-Benz. Ferris is working on applications for other Fortune 500 companies, as well as the Smithsonian Institution and police and military training applications.

L. Kelly Jones, GameCom's chief executive officer, stated, "Ferris is a recognized industry leader, as evidenced by its numerous articles in publications like Time, Wired, various trade journals and the cover story in the January, 2001 edition of Play Meter. The addition of Ferris' wide array of products and experienced management to the GameCom team dramatically transforms our company."

http://www.aztechbiz.com/news/20010418/160847

Greg