SOURCE: Competitive Games International

July 08, 2008 09:00 ET

Competitive Games International Acquires 50% Interest in Canadian Software Firm

PANAMA CITY, PANAMA--(Marketwire - July 8, 2008) - Competitive Games International, Inc (PINKSHEETS: CGMI), an innovative and interactive media company, today announced that the Company has acquired a 50 percent interest in Canadian software development firm, Anasynthis Software Systems.

As a software development firm, Anasynthis has expertise in several areas including: mobile technology, game development, application design, systems analysis and payment processing. For the three year period ending in 2006, Anasynthis averaged annual gross revenues of approximately $2.4 Million CDN.

The acquisition will allow Competitive Games International to further enhance its development programs in both the Skill Games and Social Networking segments. To facilitate this process, Anasynthis will now create a division specifically geared to the execution of Competitive Games International's social networking capabilities. This will result in Competitive Games developing more applications for networking giants such as Facebook, Bebo, and Friendster in order to provide games opportunities to a much larger audience.

The CEO of Competitive Games International, Julio Collado, stated, "The acquisition of the 50% interest in Anasynthis is a tremendous advancement for the Company. The expertise that Anasynthis brings to Competitive Games will help pave the way for the future of Competitive Games as a recognizable force in the networking and skill games segments."

About Anasynthis:

Anasynthis is a dedicated software development company that provides true expertise and business intelligence to its clients. Anasynthis is known for its quantifiable methodology in project management processes and has proved it can provide reliable, practical and top-quality software solutions. For more information, please visit www.anasynthis.com.

About Competitive Games:

Competitive Games International, Inc. is an innovative and interactive media company that has been successfully developing all aspects of a newly evolving and dynamic business model within the Skill Games and Social Networking industries. For more information about the company please visit www.competitivegames.com, or www.cgmi-competitivegames.com, and http://www.equityperformancegroup.com/clients_cgmi.php.

Forward-Looking Statements

This press release contains certain statements which are not historical or current fact and constitute forward-looking statements within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms may, will, potential, opportunity, belies, belier, expects, intends, estimates, anticipates or plans to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings. Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.

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