Archie's Corner

[weo1998]

GameCom Delayed Reaction to Announcement Yesterday? Stock Up 36%



Houston, TX – (OTCBB NEWSNETWORK) – January 16, 2002, Yesterday GameCom Inc. (GAMZ: .30) announced it retained the services of Richard McPherson of Security Planning and Management International, an expert in the field of advanced technology for training and simulation. The stock didn’t react much to the announcement, closing with only a penny gain.



However, today the stock is on the move. At 11:18 EST, it is posting .08 (36%) gains. Volume is 280,200, over 17x its daily average. It only traded slightly over 11K yesterday.



The press release said Security Planning and Management International has assisted such high-profile international companies as Nippon Steel Corporation and Fiat of Italy.



GAMZ acquired all rights to ’Net GameLink(TM), an interactive entertainment system designed to allow a number of players to compete with one another in a game via an intranet or the Internet. Since closing its microbrewery operations GameCom has been devoting substantially all of its efforts to implementing the ’Net GameLink(TM) product.



For the quarter ending 09/30/2001, revenue was 941.7K while net income was -649.4K. Reportedly there are 32.70 million shares outstanding.


http://www.otcbbnn.com/active/GamzDelayedReaction.htm