Guest-Tek Interactive Entertainment Ltd.

April 09, 2009 18:13 ET

Arnon Levy, President and CEO Announces Acquisition of Common Shares of Guest-Tek Interactive Entertaiment Ltd.

CALGARY, ALBERTA--(Marketwire - April 9, 2009) - On April 9, 2009, Arnon Levy acquired 6,741,812 common shares ("Common Shares") in the capital of Guest-Tek Interactive Entertainment Ltd. ("Guest-Tek") (trading symbol "GTK" on the Toronto Stock Exchange ("TSX")) (TSX:GTK). Mr. Levy purchased 6,741,812 Common Shares at a purchase price of $0.23 per Common Share from M.P. Technologies, Inc. ("M.P. Technologies") by way of a Purchase and Sale Agreement between Mr. Levy and M.P. Technologies dated as of March 27, 2009 and closing April 9, 2009. As a result Mr. Levy now holds 8,224,012 Common Shares, representing approximately 52% of the issued and outstanding Common Shares of Guest-Tek. There are no other persons acting jointly or in concert with Mr. Levy.

Mr. Levy effected the acquisition of the Common Shares for investment purposes. Mr. Levy reserves the right to purchase additional securities of Guest-Tek or, from time to time, to dispose of any securities of Guest-Tek that he may own.

For additional information, or to obtain a copy of the report required pursuant to the early warning reporting requirements, please contact Mr. Arnon Levy.

The TSX does not accept responsibility for the accuracy or adequacy of this news release.

Contact Information

  • Guest-Tek Interactive Entertainment Ltd.
    Mr. Arnon Levy
    (403) 689-7500
    Guest-Tek Interactive Entertainment Ltd.
    3030 - 3 Avenue N.E., Suite 240
    Calgary, Alberta T2A 6T4