GLOW
Wednesday October 6, 11:22 am Eastern Time
Company Press Release
Global Announces Acquisition of American
DSL.COM
MINNEAPOLIS---(BUSINESS WIRE)--Oct. 6, 1999--(OTC BB:GLOW) Global Games Corporation announced today
acquisition of American DSL.COM Incorporated, a Nevada Corporation providing Digital Subscriber Line Services (''DSL'')
to several markets in the United States.
Through its relationship with Covad Communications (Nasdaq:COVD - news), American DSL is providing its high speed
access to the Internet for data and video in to its customer base is in Southern California. It will be available in most ports of the
United States. The acquisition was done with a tax-free exchange of stock.
''We are pleased with this acquisition,'' noted Gary Borglund, President of Global. ''We feel providing high speed access as an
additional service to our marketplace will enhance the software business we are in.'' Global licenses Internet gaming software.
Rick O'Neil, President of American DSL also noted: ''We feel the marriage with Global will enhance our markets. We see a
lot of marketing synergy, and we plan to develop other software for our respective markets.'' He also stated: ''DSL offers
consumers high speed local broad band connections that are significantly faster than other remote connections. These high
speed connections that are up to 10 times faster than an ISDN circuit and 50 times faster telephone lines.''
This press release contains forward looking statements with respect to the results of operations and business of the Company
that involve risks and uncertainties. The Company's actual future results could be materially different from those discussed.
Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports to be filed with the
Securities and Exchange Commission.
Contact:
Global Games Corporation, Minneapolis
Gary Borglund or Allysa Amundson
Phone: 612-672-0834
Borglund@globalgames.com
Allysaa@globalgames.com
www.globalgames.com
More Quotes and News:
GLOBAL GAMES CORP (USA) (OTC BB:GLOW.OB - news)
Related News Categories: computers, entertainment, gambling, internet
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