GameCom Engages Magnum Financial Group
ARLINGTON, Texas--(BUSINESS WIRE)--Aug. 2, 2001--GameCom Inc. (OTCBB:GAMZ - news), www.GameComInc.com -- a leader in interactive Internet gaming -- today announced its engagement of Magnum Financial Group LLC, a Los Angeles-based financial communications specialist, to assist in broadening the company's audience within the investment community and financial media.
Michael S. Manahan, a principal at Magnum, offered: ``At Magnum we seek out early stage companies that we believe have the potential for exponential growth, allowing those companies to transition to senior exchanges such as Nasdaq or the American Stock Exchange, and to obtain the support of major investment banking firms and institutional investors.
``Our investment community contacts are looking to get in on the ground floor before our clients' companies become well known, and thereby achieve superior returns on their investments. We believe GameCom fits very well into this profile, and our objective is to assist management in building stockholder value.''
Manahan continued: ``We are also enthused about GameCom's business. Clearly the trend in video games is towards participatory game play across an Internet platform. Growth in this sector is expected to be substantial in comparison to the overall game market.
``Further, with the recently announced acquisition of Ferris Productions Inc., the world's largest virtual reality company, GameCom is well poised to become a leading multi-tiered entertainment provider. It would not be unreasonable to expect GameCom to mirror the successes of such companies as Electronic Arts and THQ Inc.''
Commenting on Magnum's engagement, L. Kelly Jones, GameCom's chief executive officer, remarked: ``After an exhausting search and much due diligence, we are pleased to bring Magnum on board. We intend to ensure that both our current and potential stockholders hear the company's short-range accomplishments and long-term plans for accelerated growth.
``We are implementing a multi-tiered campaign to get our story and investment opportunity out to the public. By engaging Magnum, we have signaled the launch of this campaign. Magnum, a specialist firm, was hired to bring our stock price and resulting market capitalization in line with our plans to take GameCom to the next level.''
About GameCom
GameCom, based in Arlington, is a fully reporting, publicly traded Texas corporation. GameCom designs, manufactures and assembles 'Net GameLink(TM), an interactive Internet gaming concept featuring network-enabled gaming kiosks. GameCom recently announced the acquisition (subject to shareholder approval) of Ferris Productions.
Based in Phoenix, Ferris (www.FerrisVR.com) is the world's largest and fastest-growing producer of integrated hardware and software technology to the immersive virtual reality industry. The company has stated that upon completion of the acquisition, the combined companies are expected to generate approximately $5 million in revenue for 2001.
About Magnum
Los Angeles-based Magnum Financial Group LLC is a financial communications, corporate development and financial advisory firm representing middle-market and micro-cap companies as well as those companies planning to become public. Magnum is well recognized for its knowledge of the capital markets, communications strategies and substantial contacts in the investment community.
For more information, visit www.magnumfinancial.com.
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Contact:
Magnum Financial Group LLC, Los Angeles
Kari Rundquist, 213/488-0443
kari@magnumfinancial.com
