LANGHORNE, Pa., Nov. 22, 2004 (PRIMEZONE) -- eGames, Inc. (OTCBB:EGAM) today announced that its Board of Directors has authorized the repurchase of up to an aggregate of $500,000 of its common stock. Under this program, the Company may repurchase shares from time to time on the open market or in privately negotiated transactions. eGames management will determine the timing and amount of shares to be repurchased.
About the Company:
eGames, Inc., headquartered in Langhorne, PA, publishes and markets a diversified line of Family Friendly(tm), affordable consumer entertainment PC software games. The Company promotes the eGames(tm) brand in order to generate customer loyalty, encourage repeat purchases and differentiate eGames software products to retailers and consumers. eGames also publishes and markets RealAge(r) Games & Skills, a collection of PC software activities and games designed to help build and maintain mental sharpness. Additional information regarding eGames, Inc. and RealAge Games & Skills can be found at www.egames.com and www.realagegames.com respectively. eGames -- Where the "e" is for Everybody!(r)
Forward-Looking Statement Safe Harbor:
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended, including without limitation, statements regarding the Company's authorization to repurchase up to an aggregate of $500,000 of its common stock, and the manner in which these purchases may be made. The actual results achieved by the Company and the factors that could cause actual results to differ materially from those indicated by the forward-looking statements are in many ways beyond the Company's control. The Company cautions readers that the risks and uncertainties that may affect the Company's future results and performance include, but are not limited to, those discussed under the heading "Factors Affecting Future Performance" in the Company's Quarterly Report on Form 10-QSB for the quarter ended September 30, 2004 filed with the Securities and Exchange Commission.