LOS ANGELES, CA — (Marketwired) — 04/27/15 — Global Gaming Network, Inc. (OTC PINK: GBGM), , announced today that it has sold certain Amped Fantasy Sports and SportsAlert.com consumer assets to Lux Digital Pictures Partners which has transferred the assets to StreamTrack, Inc. (“STTK.OB”), , as a part of a larger transaction. STTK.OB, a digital media and technology services company, has plans to expand into the rapidly growing Fantasy Sports industry and intends to utilize the Amped Fantasy brand as part of their strategy and use the SportsAlert assets in conjunction with its overall marketing program. GBGM intends to direct its efforts going forward on exploiting its Fantasy Sports B2B operation targeting casinos, restaurant chains and sports bars nationwide. As consideration for the sale, GBGM received Convertible Preferred Shares in STTK.OB with a value of $120,000.
“We–re pleased to have sold our Amped Fantasy Sports and SportsAlert.com assets to STTK.OB, a company dedicated to becoming a major force in the Fantasy Sports business. With this sale, we–ll now have an opportunity to concentrate all of our efforts in growing our Fantasy Sports B2B operations with our partners Impact Fantasy Sports (“IFS”) and Atlantic City Fantasy Sports (“ACFS”). IFS is the premier provider of customized fantasy sports games, and ACFS continues to handle all of our marketing in the Greater New York City area to casinos, restaurants chains and sports bars. Discussions continue with a leading Atlantic City casino operator to license a fantasy sports game that will be available online, mobile and via kiosk at the venue. We–re confident that we–ll have in place for the start of the 2015 NFL season one or more agreements with a major casino and/or nationwide restaurant chain. As well, we have recently set up our Vegas Fantasy Sports division, which will concentrate on licensing our fantasy sports games to the local gambling and restaurant venues in the Greater Las Vegas area,” said Stephen Kern, GBGM President.
About Global Gaming Network, Inc.:
Global Gaming Network, Inc. is a developer, distributor and aggregator of digital entertainment and sports information for online and mobile platforms.
Forward-Looking Statements:
This press release contains certain “forward-looking” statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company–s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such.
Contact:
Stephen Kern
President
323-967-7900
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