LOS ANGELES, CA — (Marketwired) — 07/07/15 — Global Gaming Network, Inc. (OTC PINK: GBGM) (“Company”) announced today that it has closed its acquisition of Innovativ Media Group, Inc. (“Innovativ”). Pending FINRA approval the Company–s name and symbol will be changed and the consideration for the transaction issued. Tom Coleman is the new Company CEO. The Company–s combined financials statements will first be reflected in its 3rd Quarter reporting.
“Global/Innovativ is now a far more diverse digital entertainment business with exciting growth prospects in several different mediums and on several different platforms. We are looking forward to further developing these opportunities with our global entertainment partners,” said CEO, Tom Coleman.
Innovativ Media Group (Innovativ) is a developer, producer and distributor of digital entertainment and other multi-media content. It has acquired many of the assets of Lux Digital Pictures including a library of feature motion pictures and, via New Broadway Cinema, produces adaptations of stage shows utilizing its trademarked DigiTheater green screen process. Innovativ also operates The Alien Channel on YouTube, in partnership with FullScreen, Inc., is developing the new web series Just Smart People, the customized movie title search destination VOD Movie Guide and is a principal in the Film Finance Exchange.
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:
Tom Coleman
President
510-948-4000
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