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Entertainment Games Announces Filing of Form 10 Registration Statement(November 08, 2011)
LANGHORNE, Pa., Nov. 8, 2011 (GLOBE NEWSWIRE) -- Social and casual games developer and publisher Entertainment Games, Inc. (OTC Pink:EGAM) today announced the filing of a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC). The Form 10 is a general form for the registration of securities pursuant to section 12(g) of the Securities Exchange Act of 1934 and will allow the Company to become a reporting company again.
The filing coincides with other news from Entertainment Games which the company announced today the launch of Retro World, a social game created specifically for the growing 40+ demographic. The filing of a Form 10 is an important step in the turnaround of Entertainment Games, which began when the company acquired Heyday Games in June of this year, and has led to the launch of its Retro World social game series and this SEC filing.
"We are pleased to announce the filing of our Form 10 Registration Statement with the SEC, which includes 2010 and 2011 audited financials," stated Jerry Klein, Chief Executive Officer of Entertainment Games. "After the registration statement becomes effective with the SEC, our Company will again become an SEC reporting company. We then plan to move forward to have our common stock listed on the OTCQX, which we believe will provide better access to capital markets as we take Entertainment Games to the next level."
Entertainment Games, Inc. (formerly eGames, Inc.):
Entertainment Games, Inc., headquartered in Langhorne, Pennsylvania, with offices in Woburn, Massachusetts and Montrose, California, develops and publishes casual games for leading social networks, the PC, Nintendo DS and Wii, iPhone, and the Internet. Additional information regarding Entertainment Games, Inc. can be found at http://www.egames.com/investors/.
The Entertainment Games, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7123
Forward-Looking Statement Safe Harbor
This press release contains certain forward-looking statements, including without limitation, statements regarding: the Company becoming a reporting company again under the Securities Exchange Act of 1934; the filing of the Form 10 being an important step in the turnaround of the Company; and the Company's plan to have its common stock listed on the OTCQX, and the belief that this will provide better access to capital markets. Entertainment Games cautions readers that the risks and uncertainties that may affect its future results and performance include, but are not limited to: future general market conditions and industry trends remaining very challenging; the Company's continued commitment to its social game development and distribution strategy; continued overall economic problems in the United States and around the world that negatively affect consumer spending, retail markets and the videogame industry; inability to fund continued development of future titles; technical and other issues that may delay or halt development of future titles; the failure of new titles to be accepted by consumers; and an increase in competition; as well as the risks and uncertainties discussed under the heading "Risk Factors" in our Form 10-12g as filed with the Securities and Exchange Commission on November 7, 2011.
CONTACT: Jerry Klein
215 750 6606 x118
215 750 6606 ext 130
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