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All Press Releases for February 15, 2003 Subscribe to this News Feed      
 

E-Game Network, Inc. Changes Name to Global Medical Marketing Inc.

The Companys name change was made to be more compatible with its stated business purpose, which is to engage, worldwide, in the marketing and sale of products and services primarily in the medical and healthcare fields.

Miami, Florida -- February 11, 2003 - E-Game Network, Inc. (OTC: EGME) announced today that it has changed its name to Global Medical Marketing Inc., (Company") and its trading symbol to (OTC) GMDM, effective February 4, 2003.

The Companys name change was made to be more compatible with its stated business purpose, which is to engage, worldwide, in the marketing and sale of products and services primarily in the medical and healthcare fields. The Company also plans to seek acquisitions in strategic growth areas such as diagnostic imaging centers, medical equipment leasing and/or financing, billing and collections services, as well as to pursue other opportunities.

On November 25, 2002, the Companys current wholly-owned subsidiary, Medical Marketing Innovations, Inc., entered into an exclusive patent sub-license and royalty agreement with P.D.C. Innovative Industries, Inc. (PDC") (OTCBB: PDCI) and another party for the Company to manufacture, sell and market, on a worldwide basis, the HypoPro 2000 (HypoPro"), a patent-pending medical device designed to decontaminate and dispose of needles and syringes after patient use. Such device is subject to additional testing prior to its planned submission to the U.S. Food and Drug Administration (FDA") for approval. PDC owns approximately 25% of the Companys currently issued and outstanding securities.

The Companys Chairman/CEO, Ronald Epstein, and President/COO John Carlson have over 40 years of combined experience in the healthcare industry. During 2001 and 2002, Messrs. Epstein and Carlson, in addition to their regular business activities, were consultants to PDC, the licensee of the HypoPro, and assisted PDC in connection with the testing of the HypoPro as well as with meetings with certain federal governmental agencies concerning the device.    

Since 1986, Mr. Epstein has been the President of Clearlake Financial Corp. (Clearlake"), a private leasing company specializing in health care lease/financing, working capital, practice acquisition and asset based loans for physicians and healthcare ancillaries, including but not limited to imaging, oncology and surgical centers. In 1992, Clearlake relocated its' corporate headquarters to the hospital-office complex of a major hospital chain and formed a successful joint venture with over 200 physicians, providing financial services to the group. Clearlake has remained on the hospital campus and enjoys an excellent reputation with its lenders as well as its client base. Mr. Epstein was also the President of MFC Financial Corp. (MFC"), an independent leasing company specializing in the health care industry. MFC was acquired by a public company ink 1998.

According to Mr. Epstein, with U.S. healthcare expenditures in 2001 of $1.4 trillion, and with double-digit growth expected to continue, we are excited about our decision to concentrate our time, efforts and resources in this arena. If any segment of our economy is recession-proof and is going to continue to grow, it is healthcare."

Mr. Carlson is the former Deputy Press Secretary and Acting Press Secretary to Presidents Nixon and Ford, and was appointed and served on various boards and commissions during the Carter, Reagan and George H.W. Bush Administrations. In addition to his network of media, press and governmental contacts, Mr. Carlson has extensive marketing and sales experience in the U.S. and abroad, particularly in the medical and healthcare arena. He was the President of U.S.A. Medical Services, one of the largest TPAs (third party administrators) in the U.S., providing medical services to companies and individuals in Latin America. Mr. Carlson also was the co-founder and President of Salud.com, one of the largest health sites on the Internet for the Spanish-speaking world prior to its sale to a third party in September 2000.

This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties as may be discussed from time to time in the Companys press releases and/or other public announcements, which could cause actual results to differ materially form those discussed in the forward-looking statements. Factors that might cause such a difference include, without limitation: lack of current revenue; uncertainty of future profitability; current need for substantial additional capital to effectuate the Companys business plan, including its undertaking to manufacture, market and sell the HypoPro, the availability of which no assurances are given; going concern considerations; no assurances of FDA approval of the HypoPro product, without which the Companys sub-license agreement for such product may provide little or no benefit to the Company; and competition.

# # # # #

Contact:   John G. Carlson, President
Global Medical Marketing, Inc.
      (305) 558-5200
      john@clearlakefinancial.com

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John Carlson
Global Medical Marketing, Inc.
305-558-5200
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