EDISON, N.J., Sept. 20, 2006 (PRIMEZONE) -- Creative Gaming, Inc. (Pink Sheets:CLPI) today announced that it has entered into an "Agreement" with a group of privately held and affiliated companies; Excess Excess/Akabal LLC, Excess Limited, Inc. and Excess/Akabal S.A. de C.V. (the companies collectively as "Excess"). Through a plan of arrangement, CLPI will acquire all the issued and outstanding shares of each the Excess companies in exchange for restricted shares of CLPI. The transactions are subject to the completion of definitive agreements. The three companies will operate as wholly owned subsidiaries of CLPI.
Excess exports and markets branded U.S. labeled and privately labeled U.S. manufactured "healthy natural foods" throughout the Caribbean as well as Central America and Mexico. Excess has developed a rapidly expanding wholesale and retail distribution system base in all areas of countries served. More recently, Excess has developed its own organic brand called Soy Fantastico, a delicious soy milk beverage available in three flavors, which is manufactured in the United States.
Frank Rovito, President of CLPI was quoted as saying," Soy Fantastico will represent our first privately labeled product offering and is intended to take advantage of the surging interest in healthy natural foods in the emerging Spanish-speaking world and the Hispanic market place."
CLPI's previously announced plans to explore strategic alternatives to enhance shareholder value; including joint ventures, mergers or acquisitions which could be expected to enhance future shareholder value. The focus of that change is on identifying, developing and participating in the operations of emerging businesses through the establishment of an extensive network of partner companies or acquiring interests in said companies. The management team and the Board of Directors of CLPI continue to make every effort possible to help shareholders achieve the greatest value for their investment.
Any forward-looking statements contained in this release reflecting management's best judgment based on factors currently known involve risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements included herein as a result of a number of factors including but not limited to the Company's ability to enter into various financing programs, roll-up business acquisitions and competition from other companies.