GameCom Announces Strategic Alliance With Compaq
ARLINGTON, Texas--(BUSINESS WIRE)--Nov. 1, 2000--GameCom, Inc. (OTCBB: GAMZ) today announced that it is in advanced negotiations with Compaq Computer Corporation (NYSE:CPQ), pursuant to which the two companies will work together as strategic partners to develop a PC-based kiosk unit for the coin-operated gaming industry.
In late 1996, Compaq, along with Intel and Microsoft, started an initiative to transform the seven billion dollar domestic arcade industry over to PC-based solutions. Under the anticipated agreement, Compaq will manufacture and service GameCom's proprietary custom-designed computer housing units (Princess CHUs) for its `Net GameLink(TM) entertainment system.
"We are very excited to have GameCom's `Net GameLink(TM) as a key strategic partner," said Jim Newton, director, Enterprise Program Management for Compaq. "We firmly believe that the `Net GameLink(TM) kiosk concept has the potential to revolutionize the kiosk industry and provide tremendous rewards for all parties involved."
L. Kelly Jones, GameCom's chief executive officer, stated "Compaq is an early leader in transforming the arcade industry to PC-based platforms. Compaq's manufacture of our proprietary computer housing units (CHUs) will enable GameCom to provide an unparalleled quality of service to the multi-level tiers of our customer base, both in terms of timeliness and significantly-reduced costs."
"As a strategic partner of this venture, Compaq will provide technical support, development support, and technical `evangelism' for GameCom's `Net GameLink(TM) kiosk. We are excited with our partnership with `Net GameLink(TM), and expect this initiative to be a win situation for both parties," Newton added.
"We are excited that Compaq shares GameCom's vision of utilizing PC-based platforms as the future of the arcade industry," stated Steven Haag, GameCom's vice-president of operations. "Additionally, due to Compaq's prior relationship with GameCom's first strategic partner, Advance Micro Devices (NYSE:AMD), we will continue to be able to feature AMD's Athlon processors, with performance enhancing cache," Haag concluded.
GameCom, Inc., www.GameComInc.com, designs, manufactures, and markets `Net GameLink(TM), an interactive Internet gaming concept utilizing network-enabled gaming kiosks. Patents are pending for the `Net GameLink(TM) kiosks and technology. GameCom is a fully reporting, publicly-traded corporation based in Arlington, Texas.
This press release contains certain forward-looking statements. Forward-looking statements are generally preceded by the words such as "plans," "expects," "believes," "anticipates," or "intends." Investors are cautioned that all forward-looking statements involve risks and uncertainty that could cause the actual results to differ materially from current expectations. GameCom urges investors to review in detail the risks and uncertainties contained within its filings with the United States Securities and Exchange Commission.
GameCom Investor Relations:
Cynthia DeMonte / Gail Johnson
L. Kelly Jones, chief executive officer
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