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Cincinnati, OH December 16, 2003 Games, Inc. (NASDAQ: GMSI), today announced it has engaged Wellfleet Partners, Inc.
Games, Inc. ("Games")today announced that it has engaged Wellfleet Partners, Inc. (Wellfleet"), a boutique investment and merchant banking, venture capital and financial services and management consulting firm.
(PRWEB) December 19, 2003 --Games" today announced that it has engaged Wellfleet Partners, Inc. Wellfleet", a boutique investment and merchant banking, venture capital and financial services and management consulting firm. "This relationship is the first step in the implementation of our new strategic initiative," said Myles Cairns, Games Inc.'s Executive VP and CFO, noting that his company is currently discussing both acquisition financing and various strategic partnering with corporate portfolio and high net worth clients of Wellfleet.
Cairns said the selection of Wellfleet continues a process in which Games has sought out synergistic relationships to further its expansion in the Internet and online games business. "Wellfleet has a unique understanding of our online Web games, Lottery Online business and the potential business opportunities they foster," said Cairns. "We believe Wellfleet will be helpful in developing and implementing Games financial strategy and we look forward to a mutually beneficial and long term relationship", said Mark Lev, Chairman and CEO of Wellfleet.
About Wellfleet Partners
Wellfleet Partners, investment banking and is a boutique venture capital and management consulting firm. It invests in and/or sources capital for emerging private and publicly traded small to medium sized growth companies. In its 6 year history, it has over 100 portfolio companies.
About Games
Games, Inc. and its subsidiaries own and operate a compelling collection of online businesses engaged in interactive entertainment, online media and value-added information service providing subscribers with access to entertaining proprietary content via the Internet. The Company and its subsidiaries operate a branded network of web sites targeting three allied areas of interactive entertainment: government sponsored lotteries, Internet games, and digital greetings. In addition, we continue to develop and manage a large opt-in e-mail database. We currently own and operate leading games and entertainment sites that include:
www.Lottery.com www.GameLand.com www.SkillMoney.com www.Cards.com
Safe Harbor
This press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This information involves risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. For certain information regarding these risks and uncertainties, reference is made to Games Annual Report on Form 10-K/A for the fiscal year ended June 30, 2003 and the Quarterly Report on Form 10-Q for the period ended September 30, 2003.
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Media Relations Contact:
Sue Craner,
513) 721-3900
Investorrelations@gamesinc.net
www.gamesinc.net
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