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Gamecom News picked up by Playmeter....

GameCom ratifies acquisition of Ferris Productions

GameCom Inc. and Ferris Productions Inc. recently announced that the due diligence period of GameCom's contract to acquire Ferris has been successfully concluded by both companies. Everything went exactly as anticipated, said L. Kelly Jones, GameCom's CEO. Document examination and an on-site review were part of the due diligence process. Bob Ferris, president of Ferris, said, "As GameCom is a fully reporting public company, our due diligence was a bit easier. However, we were pleased that our due diligence review of GameCom confirmed its filing with the Securities and Exchange Commission, as well as the representations contained within our acquisition agreement."

Jones said GameCom is hopeful that the acquisition will be completed this month. He added, "The completion of this merger will give our new combined company projected revenue for 2001 in excess of $5,000,000, with the distinct possibility of positive per-share earnings by the end of 2001. The combined company's operations will be based out of Ferris' current Phoenix office, while the corporate and sales functions will be based out of GameCom's Arlington offices."

http://www.playmeter.com/pmnews.htm

Take Care,

Greg