NEW YORK, Aug. 04, 2016 (GLOBE NEWSWIRE) -- Empire Global Corp. (OTCQB:EMGL) a company providing online and offline gaming and wagering through licensed subsidiaries in Italy, announced today that it has changed its corporate name to Newgioco Group, Inc. The company believes that the name Newgioco Group better reflects the leisure gaming business it operates. The change creates a recognizable corporate brand for our various subsidiaries and represents the diversified interests and strategies that management set out in its long-term plans to expand into international regulated gaming markets.
In addition, the company also unveiled a new corporate image and website at www.newgiocogroup.com.
“We are very proud to highlight our corporate identity as Newgioco Group. This new branding is the perfect next step in the fusion of our business into a fully integrated global gaming company," stated Michele Ciavarella, Chief Executive Officer of the company. "We believe that 2016, powered by consolidation opportunities in our core market in Italy, will be an exciting year for Newgioco. Our commitment to increasing shareholder value and maximizing our commercial potential throughout our company remains a principal objective in the years to come.”
In connection with the name change to Newgioco Group, Inc., the company's common stock has been assigned a new CUSIP number of 65136T 106 and will continue to trade on the OTCQB market under the ticker symbol EMGL until a new symbol is assigned by FINRA.
About Newgioco Group, Inc.
Newgioco Group, Inc., together with its wholly owned subsidiaries, Multigioco Srl, Rifa Srl as well as the recently announced acquisitions of a gaming-software technology division and land-based management company, is a fully integrated licensed online and land-based gaming operator. The company conducts its business primarily through our internet-based gambling and sports betting platform under the registered brand Newgioco on our website www.newgioco.it as well as land-based neighborhood betting shops situated throughout Italy.
The company offers its clients a full suite of gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. Additional information is available on our corporate website at www.newgiocogroup.com.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," “forecast,” "plans," "intends," "potential" and similar expressions. These statements reflect the company's current beliefs and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements.
Factors which may cause such differences include the company's ability to complete additional acquisitions, expand our distribution, increase our client base and other risks disclosed in the company's SEC filings. The company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information covered in this press release, including such forward-looking statements.