October 08, 2009 08:45 ET

Global Pari-Mutuel Services Announces Updates to Its Business Model

CHANDLER, AZ--(Marketwire - October 8, 2009) - Global Pari-Mutuel Services, Inc. (OTCBB: GPRM) announced today the Company's update business model:

Global Pari-Mutuel Services, Inc., together with its subsidiaries, engages in providing legal wagering channels and services both domestically and internationally.

Those channels include international walk-up OTB (Off Track Betting) operations, traditional call-in account wagering operations, point and click (Internet-based) account wagering operations, and the newest in computer assisted wagering applications.

The Company serves as a link between the U.S. racetracks, which feature thoroughbred, harness and greyhound races, to venues where off-site pari-mutuel wagering is available (and legal), such as international simulcast facilities and the Internet.

The Company currently services over fifty approved international OTB facilities with access to U.S. racetrack wagering pools via its global operations center in St. Johns, Antigua.

SAFE HARBOR ACT DISCLAIMER

The statements contained in this release and statements that the company may make orally in connection with this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements, since these forward-looking statements involve risks and uncertainties that could significantly and adversely impact the company's business. Therefore, actual outcomes and results may differ materially from those made in forward-looking statements.

Contact Information

  • CONTACT:

    Global Pari-Mutuel Services, Inc.
    (415) 302-8621