GameCom Announces Agreement Between Ferris and Chevrolet
Ferris to Produce ''Chevrolet's Olympic Torch City Celebration Tour''
ARLINGTON, Texas--(BUSINESS WIRE)--Aug. 13, 2001--GameCom, Inc. (OTCBB:GAMZ - news), www.GameComInc.com, a leader in interactive Internet gaming, today announced that Ferris Productions, Inc., www.FerrisVR.com, the world's largest virtual reality entertainment company, which will be acquired by GameCom, has agreed with Chevrolet (NYSE:GM - news) to produce and manufacture ``Chevrolet's Olympic Torch City Celebration Tour.''
The ``Chevrolet Olympic Torch City Celebration Tour'' is scheduled to begin in mid-September 2001 and will promote Chevrolet's sponsorship of the Olympic Torch Relay and America's Olympic athletes. The tour, which will focus on the 2002 United States Olympic Ski Team, will follow the 65-day 2002 Winter Olympic torch through nearly 60 American cities. For the tour, Ferris is developing a 360-degree, photo realistic, first person experience of the breathtaking 120K ski jump at the Olympic venue in Park City, Utah.
``With the successful completion of the filming of the ski jump, we have again pushed the technical envelope for immersive virtual reality experiences,'' commented Lance Loesberg, GameCom/Ferris' executive vice-president. ``We look forward to parlaying our success with Chevrolet into additional relationships and projects for blue chip companies, which increasingly use innovative, high-tech promotional programs.''
L. Kelly Jones, GameCom's chief executive officer, commented, ``We are excited to see that Ferris is continuing to execute on its business plan. This is just another example of why we are so enthusiastic about this acquisition. After completion of the merger, Ferris will be a dynamic component to GameCom's business.''
Ferris' highly successful, multi-sensory, photo realistic immersive VR projects are the first of their kind within the promotional advertising industry. Last year, Ferris digitally shot and produced the highly-successful ``Buick LeSabre Drive with Confidence Tour.'' For the ``Buick LeSabre Drive with Confidence Tour,'' Ferris utilized an advanced VR headset which enabled a participant to experience 360-degree sight while hearing and smelling the experience. In addition to the ``Chevrolet Olympic Torch City Celebration Tour,'' Ferris recently completed filming the ``Red Baron Pizza Stearman Squadron Tour'' in Seattle. Both projects are currently in production, with delivery scheduled during September.
GameCom announced its acquisition of Ferris on April 18, 2001. GameCom's preliminary proxy statement with regard to the acquisition was filed with the Securities and Exchange Commission on Aug. 8, 2001, and the shareholders' meeting to approve the acquisition is scheduled for Sept. 14, 2001.
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. Based in Phoenix, Ferris is the world's largest and fastest growing producer of integrated hardware and software technology to the immersive virtual reality industry.
This news release contains certain forward-looking statements. Forward-looking statements are generally preceded by words such as ``plans,'' ``expects,'' ``believes,'' ``anticipates,'' or ``intends.'' Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. GameCom urges investors to review in detail the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
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Contact:
Magnum Financial Group LLC, Los Angeles
Kari Rundquist, 213/488-0443
kari@magnumfinancial.com
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