GameZnFlix, Inc. Acquires 170 Television Shows for GnF Entertainment NetworkGameZnFlix, Inc. (OTC BB: GZFX message board, quote, news, dd), an online provider of video game and DVD movies for rent or purchase, has purchased content for its GnF Entertainment Network. This past week the company accepted delivery and full rights to 170 television shows. GnF Entertainment is currently broadcasting to over 2 million satellite dishes across North America.
"This purchase of 170 shows is the beginning of our plan to obtain rights to all kinds of content. By purchasing these shows and possibly acquiring more, we hope to ensure that we can offer titles to our customers via many different means of distribution," John Fleming, CEO of GameZnFlix, Inc. "This represents another step towards meeting one of the company's goals of providing movies and games through video-on-demand or, potentially, any other media."
GameZnFlix Movie and Game Rental Service to Be Rolled Out Nationwide in Circuit City StoresGameZnFlix, Inc. (OTC BB: GZFX), an online provider of DVD movies and video games for rent or purchase, today announced a definitive co-marketing agreement with Circuit City Stores, Inc.
In the fourth calendar quarter of 2005, the two companies tested offering the GameZnFlix services at a limited number of Circuit City Superstores and online at circuitcity.com. After concluding the tests, the services will now be expanded to include Circuit City Superstores across the United States and will continue to be available nationwide on Circuit City's website.
"We want to offer a variety of products and services to our customers and the GameZnFlix's program allows our customers to experience the convenience of renting both movies and games through the mail," said Bill Cimino, director of corporate communications for Circuit City.
The agreement calls for a rollout of GameZnFlix's service by offering prepaid service cards at each of Circuit City's Superstores. The agreement calls for adding between 45 and 110 locations each month until full deployment is reached prior to the 2006 holiday season. Financial terms of the agreement are not being disclosed.
"This relationship is a win-win for both companies," said John Fleming, chairman and chief executive officer of GameZnFlix, Inc. "Circuit City continues to prove to be one of the top destinations for movie-lovers and video gamers alike and by co-marketing with GameZnFlix, Circuit City can continue to fulfill its customers' needs by adding our rental services to its product line."
GameZnFlix, Inc. Opens Distribution Center in Maryland and Cancels Purchase Agreement With DVDAvenueGameZnFlix, Inc. (OTC BB: GZFX), an online provider of video game and DVD movies for rent or purchase, is opening a new distribution center in Maryland after cancelling agreement to purchase DVDAvenue.
John Fleming, CEO of GameZnFlix, Inc. stated: "We will be opening a new distribution center in Maryland to replace the one that would have been part of the acquisition of DVDAvenue. We choose to cancel our agreement to purchase DVDAvenue after further discussions with their management regarding the make up of its customer base. We felt that there was not a good fit between the two companies."
President Donald "Chip" Gallent stated: "The Maryland center will meet shipping requirements for our members in the mid-Atlantic states. Our business plan calls for further expansion into Florida, Texas, Washington and other locations throughout 2006."
GameZnFlix, Inc. Relocates Pennsylvania Distribution Center to MassachusettsGameZnFlix, Inc. (OTC BB: GZFX), an online provider of video game and DVD movies for rent or purchase, has relocated its Pennsylvania distribution center to Worchester, MA. John Fleming, CEO of GameZnFlix, Inc., stated: "We are relocating our Pennsylvania facility to Worchester, MA to better serve the New England (Maine, New Hampshire, Vermont and Massachusetts) area. By the opening of this distribution center, the company continues its work towards its 2006 business milestones."
President Donald "Chip" Gallent stated: "The Massachusetts center is expected to handle our current members in the Northeast and as we continue the building of inventory levels to handle future growth in this Northeast marketplace. Our business plan calls for us to be looking to open new distribution centers in Maryland, Florida, Texas and Washington during 2006."
In addition to the above, the following milestones represent areas of development that the company is currently working on for 2006.
-- Continue the current advertising campaign targeting the online user
and rural communities across the country.
-- Research and development to identify future product delivery
platforms.
-- Sponsorship and endorsement programs.
-- Possible expansion into Canada and the United Kingdom.
GameZnFlix Acquires DVDavenue, LLCGameZnFlix, Inc. (OTC BB: GZFX), an online provider of DVDs and video games for rent or purchase, today announced it has acquired DVDavenue, LLC., an online provider of DVDs for rent, based near Washington D.C.
Financial terms of the transaction were not disclosed.
"This is a great acquisition for GameZnFlix as this will result in increasing our membership base, acquiring thousands of titles and adding a new distribution facility," said Donald "Chip" Gallent, President of GameZnFlix.
"We feel that consolidation of the online DVD rental market is overdue and that becoming part of GameZnFlix offers our customers more value per rental dollar spent," said Richard Thomas, Managing Partner of DVDavenue, LLC.
As part of the transaction, existing DVDavenue customers will be transitioned over to GameZnFlix's service. The transition is slated to be completed within 30 to 60 days.
GameZnFlix Chairman and CEO John Fleming added, "As we grow our business model we will continue to look for acquisitions where there is a solid business fit. The DVDavenue acquisition met our requirements and the management of both companies see the benefits for members of both services."
GameZnFlix is a company that offers video games/DVD movies for rental or purchase on the Internet with access to over 40,000 games and movie titles. With different membership levels beginning at $8.99 a month subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates or members can purchase video games and/or DVD movie titles at a membership discount.
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. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
