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Tuesday April 10, 12:42 pm Eastern Time
Press Release
GameCom and Global VR Terminate Letter of Intent
ARLINGTON, Texas--(BUSINESS WIRE)--April 10, 2001--GameCom, Inc. (OTCBB:GAMZ - news), a leader in interactive Internet gaming, today reported the termination of the letter of intent to acquire Global VR, a manufacturer of virtual reality game platforms, after mutual agreement by both companies' officers.

After a careful due diligence period, the companies jointly agreed that they would pursue other opportunities more appropriate and timely for their respective shareholder base.

``As the due diligence phase wound down, we determined that this acquisition was not in the best interests of our shareholders,'' stated L. Kelly Jones, GameCom's chief executive officer.

``GameCom is currently in negotiations with two companies we feel would better serve our shareholders and expedite our business plan's execution. I look forward to releasing the details of these opportunities in the very near future,'' Jones concluded.

GameCom, Inc. designs, manufactures, and assembles 'Net GameLink(TM), an interactive Internet gaming concept utilizing network-enabled gaming kiosks. GameCom recently completed the 'Net GameLink(TM) system.

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:

GameCom, Inc., Arlington
L. Kelly Jones, 817/261-GAMZ
[e-mail]


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