HOUSTON, Aug. 9, 2005 (PRIMEZONE) -- PitBOSS Entertainment (OTCBB:PBSS) today announced the completion of the contract to acquire QZAR USA (http://www.qzarsystems.com), a Texas-based laser tag and virtual reality entertainment company, with equipment sales worldwide and software development/production in the United States. QZAR USA boasts a global clientele primarily located in Russia, Europe and the United States.
"We believe that this acquisition will not only add to the overall value to PitBOSS Entertainment shareholders but will drastically reduce the costs of worldwide promotion of our QZAR products abroad," said Joseph Robles, president and CEO of QZAR USA. "It will allow us to focus on sales, production and software development in the coming months while allowing the investment community to play a part in an emerging VR and laser production company with hard assets estimated near one million dollars."
Robels will continue to oversee the day to day operations for QZAR USA while joining PitBOSS Entertainment as a director.
"I see these creative and cutting edge entertainment products as a new beginning for struggling entertainment operators to create new and affordable profit centers to complement their current entertainment business models in a down economy," said John D. Jarvis, PitBOSS Entertainment's CEO.
For more information, visit www.pitbossent.com or call (281) 351-1831.
About PitBOSS Entertainment, Inc.
PitBOSS Entertainment, Inc. is a diversified entertainment company with an impressive asset base consisting of both hard assets as well as media properties used to promote and brand such assets. The company also assists outside companies, both public and private, with an affordable suite of media and branding services.
Safe Harbor Statement
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current expectations of PitBOSS Entertainment, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and those actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.
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