GK Intelligent Systems, Inc. (fka GKIG)

[Hoop]

GK Intelligent Systems Closes Agreement With Ascendant TSG
Business Wire - August 24, 2004 10:00

HOUSTON, Aug 24, 2004 (BUSINESS WIRE) -- GK Intelligent Systems Inc. (OTCBB:GKIG), a publicly held micro-marketing company with entertainment and technology subsidiaries, announced today that its share exchange with Houston-based Ascendant TSG closed on August 19, 2004. Under the agreement, GKIG issued undisclosed equity in return for 100% ownership of the current issued and outstanding shares of Ascendant TSG. The transaction was arranged by Stanton, Walker & Company, a New York-based consulting firm retained by GKIG.

According to the president and CEO of GK Intelligent Systems Inc., Gary Kimmons, "We are pleased to complete our agreement with Ascendant and look forward to a profitable relationship."

Julie Maranto, president and COO of Ascendant, commented, "We are delighted at the prospect of joining the GKIG team, and feel this is a perfect fit both for our customers and for the employees of Ascendant. This is a great marriage of technologies, a market, and a business perspective."