SOURCE: Competitive Games International

December 12, 2008 10:00 ET

Competitive Games International Acquires Environmental Firm, Aquacentris Inc.

PANAMA CITY--(Marketwire - December 12, 2008) - Competitive Games International, Inc. (PINKSHEETS: CGMI) announced today that it has entered into an agreement to acquire 100 percent interest in the environmental firm, Aquacentris Inc.

Competitive Games International will issue restricted shares to the shareholders of Aquacentris Inc. in exchange for the 100 percent interest. The scheduled completion date is January 11, 2009. At that time, the Company will seek approval for a name change and a new ticker symbol. Upon analysis and consideration of many factors the Board of Directors believes it to be in the best interests of the Company and its shareholders to absolve itself from the games industry sector and concentrate on a shift in business operations toward green technologies.

The proposed transaction is also subject to the satisfactory completion of a due diligence review by the Company of the business, financial and legal affairs of Aquacentris Inc. and receipt of necessary consents and approvals of regulatory agencies and third parties.

"At this time the Company believes a shift to green technology will create more value for our shareholders," said Julio Collado, President of Competitive Games International, Inc. "The green market is surging and we believe Aquacentris Inc. will continue to expand and develop in a manner that meets current consumer demand."

About Aquacentris Inc.

Established in 1995, Aquacentris Inc. is a Montreal-based firm that specializes in in-vitro technology for water plant multiplication. Today, the company remains an industry forerunner. The primary focus of the Company's operations lies in the production and distribution of water plants for aquariums and water gardens. Aquacentris Inc. plants are available in pet shops, garden centers and large scale retailers. Aquacentris Inc. also provides consulting services for various environmental initiatives. For more information about the Company please visit

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.

Contact Information