FutureTrak International Set to Acquire Millennium Publications Inc.
POMPANO BEACH, Fla., Nov. 12 /PRNewswire/ -- FutureTrak International,
Inc. (OTC Bulletin Board: FTRK) has agreed to enter into a formal binding
agreement to acquire Millennium Publications Inc., according to a joint
announcement by the two companies today.
Florida-based FutureTrak International will maintain its current
headquarters and operate with two branches, Millennium to remain in Los Angeles.
The planned acquisition is expected to be completed during the
fourth quarter, subject to normal regulatory approvals.
Under terms of the agreement, FutureTrak will acquire 100% of Millennium Publications, which is expected to generate in excess of $6 million in annual revenue. Millennium Publications Inc. will operate as a subsidiary of FutureTrak International, Inc.
Millennium Publications generates a number of key magazines and books
covering all aspects of the video gaming industry, including video consoles and cutting-edge PC hardware and software. Their monthly publication, Gamers' Republic (http://www.gamersrepublic.com), provides both the casual reader and insatiable gaming devotee with a wealth of gaming information includingextensive features, in-depth interviews, expert and unbiased reviews and the latest news from around the world. The magazine has something for everyone
and contains some of the best, most exciting graphics imaginable.
Millennium also produces a number of full-color official strategy guides specifically covering systems and games from Sony(TM), Sega(TM), and Nintendo(TM). Gamersrepublic.com/Millennium Publications On-Line, may be the most popular gaming web site to ever grace the Internet, a site that every gaming enthusiast will visit every day to read the latest buzz, chat with other "gamers," and check out the latest games in action.
The companies are also developing interactive solutions for this devoted industry that will offer unprecedented standards in both entertainment and information.
"This acquisition is in line with our continuing plans for bringing
innovative solutions to the marketplace. The gaming industry is not only an exciting marketplace, but full of revenue potential," said Steve Remondini, president of FutureTrak.
"Providing content, devices, and data services
allows us the opportunity to interface technologies and give the customer the best functionality for the best price," he added.
For further information contact FutureTrak International, Inc.,
futuretrak.com, 3635 Park Central Blvd. North, Pompano Beach, FL 33064, Toll Free: 888-752-3474.
Certain statements in this release and the company's financial projections that are not historical fact constitute "forward-looking information." Such forward-looking information involves known and unknown risks, uncertainties and other factors, which may cause the actual results of the Company to be materially different from results expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but are not limited to: customer demand not meeting expectations; lack of consistent
supply of materials; lack of adequate distribution markets; and inability to meet customer demand.
SOURCE FutureTrak International, Inc.
Web Site: futuretrak.com
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