CINCINNATI, July 26, 2004 (PRIMEZONE) -- Games, Inc. (OTCBB:GMSI) and Late for the Sky Production Company jointly announce that they have executed an agreement for Games to license and provide Online Access to their many popular game titles including all the CollegeOpoly(TM) and City-in-a Box(TM) series, their Specialty Games which include the popular BirdOpoly(TM), CAT-OPOLY(TM), DOG-OPOLY(TM), MOTOWN-OPOLY(TM) and many others.
See :www.LatefortheSky.com for more information.
Games Inc. will also sell boxed versions of all these games from its Websites. Late for the Sky and Games will also work to create new products to serve corporate customers and entertainment properties, both Online and in boxed versions.
"This is a great partnership for us," said Bill Schulte, CFO of Late for the Sky. "Games provides us with incremental online access to millions of potential customers for our branded products."
"We think these brands are terrific!" said Roger Ach, CEO of Games Inc. "They should be extremely attractive to our Members and immediately accretive to the earnings of both companies."
Both companies anticipate that many of these online versions of the games will be ready for launch by mid-September and that Online sales of the boxed products will begin simultaneously, well in time for the Christmas selling season.
For Further Information:
Late in the Sky Productions, Inc. Games Inc.
William Schulte, CFO Sue Craner
513.531.4400 Myles Cairns, CFO
513-721-3900
About Games, Inc. (OTCBB:GMSI)
Cincinnati, Ohio-based, Games, Inc. owns and operates a portfolio of online portals focused on the delivery of interactive entertainment and content to consumers. The Company features two community-focused online game sites as well as proprietary games for purchase-and-download, conventional online play, peer-to-peer and tournament game play. Games, Inc. also features a digital greetings site and a site and proprietary back-end system for the online facilitation and reporting of state and provincially sponsored Lotteries. Revenues are largely driven by online advertising and subscriptions; however proprietary content delivery and decremented payment systems will enable software licensing to become a component of the revenue mix alongside merchandise and lottery-driven commissions. For more information, please visit the Company's corporate website, www.gamesinc.net, or their portfolio sites, www.games.com, www.gameland.com, www.skillmoney.com, www.lottery.com and www.cards.com or contact Sue Craner at investorrelations@gamesinc.net.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Games) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Games. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. We undertake no obligation to update information in this release.