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November 23, 2005 - 11:42 AM EST
GameZnFlix Acquires Game Inventory of Gamechoice.com
GameZnFlix, Inc. (OTC BB: GZFX), an online provider of DVDs and video games for rent or purchase, and Gamechoice, LLC, an online provider of video games for rent, today announced that GameZnFlix, Inc. has acquired the inventory of Gamechoice, LLC (approximately 2,750 copies) for an undisclosed sum.
As part of the agreement, Gamechoice.com members will be offered the opportunity to become GameZnFlix subscribers.
" This is a great acquisition for GameZnFlix in that we are acquiring thousands of great video game titles to further expand our rental inventory and having the opportunity to gain new members," said Donald " Chip" Gallent, President of GameZnFlix.
" We recently had some unfortunate technical problems with our system and this interrupted service to our members," said Matthew Shafeek, CEO of Gamechoice. " GameZnFlix gave us an opportunity to quickly reestablish service to our customers by not only offering them the same access to games, but adding DVDs as well. Under the agreement, our members will be given a free month of service when they signup at www.gameznflix.com."
GameZnFlix is a company that offers video games/DVDs for rental or purchase on the Internet with access to over 40,000 titles. With four different membership levels beginning at $8.99 a month to annual membership with an average price of $20.75 per month subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates or members can purchase video games and/or DVD movie titles at a membership discount.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Source: Market Wire (November 23, 2005 - 11:42 AM EST)
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