SOURCE: Team5 Corporation

October 22, 2009 17:15 ET

iGambit Inc. Announces the Acquisition of Gotham Photo Company

*iGambit has announced its acquisition of Jekyll Island Ventures Inc. d/b/a Gotham Photo Company and its affiliate Team5

NEW YORK, NY--(Marketwire - October 22, 2009) - Gotham, a privately owned company based in New York is a leading real estate media and technology provider that, together with Team5, develop web-based software and database tools.

Gotham's core clientele include luxury real estate and hospitality companies that together with Team5's clientele of well-known entertainment and retail brands, insurance, government and medical enterprises encompass a niche market of organizations in need of technology-driven solution. Together, their core technology strengths bring its clients flexibility, user optimization, and cost efficiency with a full suite of graphic and user-experience solutions.

Gotham's marketing and media services provide its clients with high-end photography, building/unit renderings, 2D/3D floor plans, exclusive EXPO Full Screen Media Experience, virtual tours, E-brochures, custom mailing lists and other marketing media tools.

iGambit's acquisition of Gotham / Team5 is in line with its strategy of integrating companies delivering recurring revenue models in targeted vertical industries, such as real estate, where technology is lagging behind the customer. Gotham's services provide great value to its clients, such as real estate brokers, where there is a great need to provide to their clients the attractive marketing solution that bring the greatest result of potential buyers and sellers.

"iGambit and Gotham share the same vision: to create new real estate presentation experiences that build on the convergence of newer technologies. Taking advantage of high end displays, next generation mobile devices and bandwidth, we can do things that -- less than 10 years ago -- required a special effect crew from Industrial Light and Magic." -- John Salerno, CEO of iGambit, Inc.

"By joining a company like iGambit, Gotham has more opportunities to bring to the real estate market the next level of rich and interactive communications experience." -- Vincent Collura, President of Team5 / Gotham Photo Company

* The purchaser of Gotham is Gotham Innovation Lab Inc., a wholly owned subsidiary of the holding company iGambit Inc. based in Hauppauge, New York.

About iGambit Inc.

iGambit, Inc. is a diversified technology development and holding company pursuing and evaluating a number of strategic objectives. These objectives include, among others, the acquisition of other companies and/or the identification of financial or strategic entities who may wish to partner with iGambit.

For more information, please visit www.igambit.com; www.gothamphotocompany.com; www.team5.com

Contact Information

  • iGambit Inc.
    Expressway Plaza Suite 114
    1600 Calebs Path Extension
    Hauppauge, New York 11788
    Tel: (631) 780-7055
    Fax: (631) 656-1045
    info@igambit.com
    www.igambit.com