GameCom and Hi-Tech Media Introduce `Net Gamelink to Korean Market; Samsung Funds Testing
ARLINGTON, Texas--(BUSINESS WIRE)--Jan. 11, 2001--GameCom, Inc. (OTCBB: GAMZ) -- a leader in interactive Internet gaming -- today announced that the company is deploying `Net GameLink(TM) to the robust Korean cyber cafe market.
Under the arrangement with Seoul-based Hi-Tech Media, `Net GameLink's(TM) introduction begins with testing several strategy-type games, similar to the widely popular StarCraft Game played throughout Korea. After the testing period, the two most well received games will be selected for full-scale deployment on the kiosk systems.
L. Kelly Jones, GameCom's chief executive officer, stated "Due to the immense interest we have attracted at the recent trade shows, the decision was made to expand our horizons to pursue international distribution avenues as the demand for our products at an international level exceeded our original projections."
"The Korean enthusiasm for competitive video games is the most well-developed in the world," stated Steven M. Haag, GameCom's vice-president of operations. "Per capita, there are twice as many cyber cafes in Korea than there are McDonald's in the United States. Due to Hi-Tech Media's persistence in bringing `Net GameLink(TM) to Korea, we concluded that this is the best opportunity to begin international deployment of `Net GameLink(TM)," concluded Haag.
"Funded by Samsung, Hi-Tech Media sent me to the recent IAPPA tradeshow in Atlanta solely for the purpose of finding an appropriate platform to introduce PC gaming to the Korean cyber cafe market," stated BongSoo Youn, president and chief executive officer of Hi-Tech Media. "The GameCom staff has been of great assistance in working with Hi-Tech Media in adapting `Net GameLink(TM) to the Korean market, and we are confident of `Net GameLink(TM)'s acceptance in the Korean market."
Samsung, www.samsung.com, seeking to introduce retail Internet gaming to Korea, is a huge enterprise comprising 40 independently-affiliated companies and subsidiaries, as well as seven not-for-profit organizations. Samsung has facilities in over 60 countries, and its core component businesses produce the world's most innovative 21st century digital components, widely recognized as the best products in their fields.
GameCom, www.GameComInc.com, based in Arlington, Texas, designs, manufactures, and assembles `Net GameLink(TM), an interactive Internet gaming concept utilizing network-enabled gaming kiosks. GameCom recently completed the `Net GameLink(TM) system, and is now engaged in the sales and marketing of this innovative concept.
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 uncertainties that could cause 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 Securities and Exchange Commission.
GameCom Investor Relations:
Cynthia DeMonte/Gail Johnson, 212/473-3700
L. Kelly Jones, 817-261-GAMZ
BW2041 JAN 11,2001