LONGWOOD, Fla., April 22, 2008 (PRIME NEWSWIRE) -- ImagiTrend, Inc. (Pink Sheets:IMTD) is pleased to announce that the Company has filed for a name and symbol change with the Financial Industry Regulatory Authority (FINRA) to better reflect the new direction of the Company as it acquires Castle Technologies, Inc., an online gaming company. Once the name and symbol change are effective and the acquisition is finalized, the Company will work to carve out a niche in the online gaming market.
"We have filed for the name and symbol change to more accurately reflect the impending acquisition of Castle Technologies, Inc. As we take the Company in a new direction, we will publicly announce every step that is taken and strive towards creating a thriving business that will increase revenue," stated Mark Kaley, Chairman of the Board, President and CEO of ImagiTrend, Inc.
ImagiTrend, Inc. has recently entered negotiations to acquire Castle Technologies, Inc., an online gaming company. This will enable the Company to expand its revenue base and enhance growth opportunities to increase shareholder value. The acquisition will enter the Company into the growing online gaming industry, which is estimated to hit $48 billion by 2010 and top $125 billion by 2015.
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Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.