SOURCE: Global Gaming Network, Inc.

July 13, 2015 07:30 ET

Global Gaming Network, Inc. to Decrease Authorized Shares

LOS ANGELES, CA--(Marketwired - Jul 13, 2015) - Global Gaming Network, Inc. (OTC PINK: GBGM) ("Company"), which will become Innovativ Media Group, Inc. http://innovativmedia.com/ ("Innovativ") upon approval of the name change by FINRA, announced today that as part of the capital re-structuring in connection with the Innovativ acquisition the Company will be decreasing its authorized common stock to 9,960,000,000 shares and its Series B Preferred stock by 89% to 10,000,000 shares.

The stock re-structuring shall be effective upon the filing with the Washington Secretary of State.

About Innovativ Media Group, Inc.
Innovativ Media Group (Innovativ) is a developer, producer and distributor of digital entertainment and other multi-media content. It has acquired many of the assets of Lux Digital Pictures, including a library of feature motion pictures and, via New Broadway Cinema, produces adaptations of stage shows utilizing its trademarked DigiTheater™ green screen process. Innovativ also operates The Alien Channel on YouTube, in partnership with FullScreen, Inc., is developing the new web series Just Smart People, the customized movie title search destination VOD Movie Guide, and is a principal in the Film Finance Exchange.

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:
    Tom Coleman
    President
    510-948-4000