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Gamecom/Ferris Merger Receives Shareholder Approval

 
Gamecom/Ferris Merger Receives Shareholder Approval
Gamecom/Ferris Merger Receives Shareholder Approval
GameCom, Inc. has announced that GameCom's shareholders approved the pending merger with Ferris Productions, Inc. at the Company's special meeting held on September 21st.

Now that both companies have received shareholder approval, the merger will be formally completed later this week upon the required merger documents being filed in Texas and Delaware.

Ferris, www.FerrisVR.com, designed, manufactured, and in some instances, operated, virtual reality entertainment products for use in entertainment facilities and at special events, including carnivals, festivals, and trade shows. Customers include Six Flags, Busch Gardens, Paramount, Circus Circus, Carnival Cruise Lines, Chevrolet, Pepsi, Buick, and Red Baron Pizza. Virtual reality is the next generation of the $2 billion video game
business, and is also finding strong demand in the $90 billion product advertising/promotional market.

L. Kelly Jones, GameCom/Ferris' chief executive officer, commented "The merger of GameCom and Ferris is a powerful combination with endless opportunities to pursue. Unlike most companies, our primary challenge is prioritizing these opportunities, rather than seeking new ones. Initially, we believe the video game, entertainment, and advertising/promotional markets will allow our newly-combined company to realize the fastest and most profitable revenue growth, which will provide value to our
shareholders."

Bob Ferris, now president of GameCom/Ferris, stated "We are now the leader in virtual reality, both technologically and financially. The combined management depth and resources will allow accelerated commercial development of our virtual reality technology. In addition, GameCom's technology expands our capability in the public-use video game market."
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