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Global Gaming Network, Inc. Announces New Division to Offer Low Cost Text Messaging ServiceUtilization of Company's Proprietary Software Will Provide Low Cost SMS Transmission for Third Party Publishers and Distributors (June 13, 2012)
LOS ANGELES, CA -- (Marketwire) -- 06/13/12 -- Global Gaming Network, Inc. (PINKSHEETS: GBGM), www.GlobalGamingNetwork.net, announced today that it had formed a new division to offer low cost (SMS) text messaging services to third party publishers and distributors, utilizing its proprietary software that will offer a dramatically reduced cost option to the major carriers high priced and extraordinarily lucrative short code transmission.
"We're pleased to expand our present operations by providing third party publishers and distributors a competitively priced SMS transmission service. Short code delivery is controlled exclusively by the various telco carriers. It has placed them in the position of setting their own prices and controlling the 'gateway' to delivering text messages to mobile phones in the United States. If a company wants to operate a SMS based delivery system, it is now at the mercy of the telco carriers, known to charge as much as $.04/message, making it prohibitive for most small to medium size companies to make a profit on their distribution operations.
"Our proprietary system will eliminate a company's need to go to the telcos for short code distribution. We believe there exists an opportunity to offer companies a method of distributing SMS at a cost effective and efficient manner that will undercut the competition," said Stephen Kern, President of GBGM.
About Global Gaming Network, Inc.:
Global Gaming Network, Inc. is a developer, distributor and aggregator of digital entertainment and sports information for online and mobile platforms.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such.
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