RESTON, Va., June 20, 2003 (PRIMEZONE) -- Global Explorations Inc. (GXXL) announces the acquisition of CricketOnly.com (http://www.CricketOnly.com), a global leader in content syndication services for the sport of Cricket.
"Global Explorations (GXXL) is very excited about this acquisition. CricketOnly.com is revenue producing and this was a critical part in our decision making process. CricketOnly.com was acquired for restricted stock."
"Management is firmly committed to increasing shareholder value. Acquisitions of this nature fully support this."
"The CricketOnly.com website is a very popular internet portal. The majority of the traffic is from the US & Canada. The CricketOnly.com website shall be used to also market the ISP service of BharatIsp.com (http://www.BharatIsp.com) and should lead to an increase in subscribers to the ISP service."
"Content from CricketOnly.com will also be used to support the ISP service BharatIsp.com."
"In addition to the content and the advertising potential of the CricketOnly.com website, the company has developed unique technology that can be used for content syndication services other than cricket," stated Anu Srivastava, Chief Information Officer for Global Explorations Inc.
For further information, please send an email to gdubin@cricketonly.org.
About CricketOnly.com
CricketOnly.com (http://www.CricketOnly.com) syndicates content, specifically for the sport of cricket to a number of clients around the world. CricketOnly.com covers all international cricket matches via a live scorecard system. CricketOnly.com has also developed a cricket database, which features all cricket matches played since 1886. This also includes detailed series statistics and player statistics for every player to have played an ODI (one-day-international) and Test match.
CricketOnly.com has developed many advanced features for the sport of cricket. CricketOnly.com provides live ball-by-ball updates into its database and has developed technologies to automatically hyperlink a cricketers name mentioned in a news article, directly into its database.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.