SOURCE: Competitive Games International

September 30, 2009 13:25 ET

Competitive Games International Acquires National Vacuum Inc.

PANAMA CITY--(Marketwire - September 30, 2009) - Competitive Games International, Inc. (PINKSHEETS: CGMS), an innovative and interactive media company, today announced that the Company has entered into an agreement to acquire 100 percent interest in the firm National Vacuum Inc.

According to the merger agreement, Competitive Games International will acquire National Vacuum Inc. by way of a reverse merger. Competitive Games has elected to relinquish its prior operations and will be realigned in order to direct all of its focus on the further development and success of the commercial and industrial aspects of National Vacuum Inc.

"The Company is very pleased to have concluded the merger agreement with National Vacuum Inc.," said Mr. Collado, President of Competitive Games International. "The technology is very encouraging and will likely be the catalyst for an entire new economy within the industry."

The Company will immediately apply for a name and ticker change to National Environmental Group to reflect the change in operations and new business direction.

About National Vacuum Inc.

National Vacuum Inc. is an innovative and industry leading firm that specializes in green alternatives for the treatment and disposal of liquid waste.

The Company operates a diverse fleet of transport vehicles for the management and removal of commercial and industrial liquid waste. Emphasis is placed on diverting product from traditional disposal centers and, instead, focusing on recycling, resale and alternative disposal methods.

National Vacuum Inc. is dedicated to building on its previous achievements and success over the past year -- which includes the development of a diverse client base as well as numerous beneficial partnerships. The company seeks to further increase its market share through continued strategic partnerships and a sustained client growth.

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

  • Investor Contact:
    Raymond Doucet
    Tel (514) 586-3799

    Corporate Offices:
    World Trade Center, 1 - Commercial Area
    53 Marbella Street
    Panama, Republic of Panama