NEWS!!!!!!!!!!!!
November 29, 2007 - 9:15 AM EST
Global Networks Corp. Acquires Assets of GDI Software Services
New Casino Gaming Technology Poised to Change the Way People Gamble
Global Networks Corp. (PINKSHEETS: GBNW) is pleased to announce that it has completed the acquisition of a proprietary technology suite and all associated revenue account contracts of GDI Software Services, Inc., (GDI). The technology and accounts acquired will make Global Networks Corp. an instant world leader in the new frontier of server-based gaming technology for traditional land-based casinos and gaming shops.
Server-based gaming technology is expected to rapidly replace existing gaming machines and kiosks as casinos rush to make their casino floors more profitable by marrying client/server technology to their traditional business model.
"The casino of the future will be able to deliver multiple gaming products and customized information to patrons as they sit down to play at server based gaming kiosks. Gone are the days of one machine, one game as gamblers will be able to choose the games they want to play from user friendly menus while having the option to check comp balances, view promotional information, and access personalized accounts on a real-time basis," touts company President Shawn Balaghi.
Mr. Balaghi continued, "This acquisition will give Global Networks a leading position in the wave that is about to sweep over the traditional gaming industry. With billions at stake in we are very excited to have acquired this industry leading proprietary technology." In the coming weeks the company will be making several announcements regarding new contracts that are expected to add several million dollars in revenues.
About Global Networks Corp.
Global Networks Corp. (PINKSHEETS: GBNW) is an industry leader in server-based gaming software and kiosk products for the global casino industry. The company's proprietary state-of-the-art technology allows operators the ability to better manage and deploy multi game terminals and other gaming hardware with significantly greater ease and speed. The result is not only increased revenue throughout the traditional casino or betting parlor floor, but also the ability to deploy a "Casino in a box" concept to a much wider array of venues. This emerging growth technology, now being implemented throughout the world, allows for real-time CRM (customer relationship management), customized deployment programs for a large number of popular casino games, and allows operators to capitalize on an expanded base of marketing options. The end result is increased profitability on a per square foot basis for casino operators, and a better gaming experience for their patrons.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Investor Contacts:
Investor Relations
604 773 0242
Source: Marketwire (November 29, 2007 - 9:15 AM EST)
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