GameCom/Ferris Merger Receives Shareholder Approval
ARLINGTON, Texas--(BUSINESS WIRE)--Sept. 24, 2001--GameCom, Inc. (OTCBB:GAMZ - news), www.GameComInc.com, a leader in interactive Internet gaming, today announced that GameCom's shareholders approved the pending merger with Ferris Productions, Inc. at the Company's special meeting held on Sept. 21.
Now that both companies have received shareholder approval, the merger will be formally completed later this week upon the required merger documents being filed in Texas and Delaware.
Ferris (www.FerrisVR.com) designed, manufactured, and in some instances, operated, virtual reality entertainment products for use in entertainment facilities and at special events, including carnivals, festivals, and trade shows. Customers include Six Flags, Busch Gardens, Paramount, Circus Circus, Carnival Cruise Lines, Chevrolet, Pepsi, Buick, and Red Baron Pizza. Virtual reality is the next generation of the $2 billion video game business, and is also finding strong demand in the $90 billion product advertising/promotional market.
L. Kelly Jones, GameCom/Ferris' chief executive officer, commented, ``The merger of GameCom and Ferris is a powerful combination with endless opportunities to pursue. Unlike most companies, our primary challenge is prioritizing these opportunities, rather than seeking new ones. Initially, we believe the video game, entertainment, and advertising/promotional markets will allow our newly-combined company to realize the fastest and most profitable revenue growth, which will provide value to our shareholders.''
Bob Ferris, now president of GameCom/Ferris, stated, ``We are now the leader in virtual reality, both technologically and financially. The combined management depth and resources will allow accelerated commercial development of our virtual reality technology. In addition, GameCom's technology expands our capability in the public-use video game market.''
About GameCom/Ferris
GameCom/Ferris is a fully-reporting, publicly traded Texas corporation headquartered in Arlington, Texas. With operations based in Phoenix, Ariz., GameCom/Ferris designs, manufactures, and assembles `Net GameLink(TM), an interactive Internet gaming concept featuring network-enabled gaming kiosks, and is the world's largest and fastest growing producer of integrated hardware and software technology to the immersive virtual reality industry.
This press release contains certain forward-looking statements. Forward-looking statements are generally preceded by the 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
Ms. Kari Rundquist, 213/488-0443
kari@magnumfinancial.com
