SOURCE: Global Gaming Network, Inc.

August 16, 2012 09:00 ET

Global Gaming Network, Inc. Acquires Popular Fantasy Sports Operation AmpedFantasy

Acquisition Positions Company to Immediately Capitalize on the Tremendous Growth of Fantasy Sports Worldwide

LOS ANGELES, CA--(Marketwire - Aug 16, 2012) -  Global Gaming Network, Inc. (PINKSHEETS: GBGM) www.GlobalGamingNetwork.net, announced today it had acquired AmpedFantasy www.AmpedFantasy.com, an online sports business which allows users an opportunity to legally wager on players that participate in domestic and international sporting events. GBGM plans to completely overhaul the web site design and operations and re-launch the business for the NFL football season in early September.

"We're pleased to have acquired one of the leading operations in the fantasy sports field. AmpedFantasy is a daily fantasy sports operation, which is the popular current trend of fantasy sites, and is designed for easy use to appeal to both the passionate and casual fantasy player. Currently, no sports fantasy site offers its users the ability to wager on popular European and South American sports like soccer, the world's most popular game. With our acquisition of AmpedFantasy, complemented by our leading SportsAlert sports information service, www.SportsAlert.com, GBGM intends to aggressively expand into these markets," said Stephen Kern, President of GBGM.

According to the Fantasy Sports Trade Association (FSTA), the fantasy sports market in North America is currently a $4 billion industry and is growing rapidly with the potential worldwide market estimated between $12 - $15 billion.

"I'm thrilled to have GBGM acquire the AmpedFantasy operation and look forward to having the web site capitalize on the growth of fantasy sports. Envative, an international web and mobile development company, will carry out the development and administration of the AmpedFantasy web site. GBGM has assured us of their financial commitment, expertise and resources to make AmpedFantasy one of the leading fantasy sports operations worldwide," said Bryan Ciambella, who founded AmpedFantasy.

About Global Gaming Network, Inc.:

Global Gaming Network, Inc. is a developer, distributor and aggregator of digital entertainment and sports information for online and mobile platforms.

Forward-Looking Statements:

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward‐looking public statements concerning its expected future operations, performance and other developments. Such forward‐looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such.

Contact Information

  • Contact:
    Stephen Kern
    President
    323-967-7900