LONGWOOD, Fla., March 12, 2008 (PRIME NEWSWIRE) -- ImagiTrend, Inc. (Pink Sheets:IMTD) announced today that the Company is actively seeking acquisition candidates in the field of online gaming for the purpose of expanding its revenue base and enhancing growth opportunities to increase shareholder value. It is estimated that the growth for the online gaming industry will hit $48 billion by 2010 and top $125 billion by 2015. A suitable candidate would be one with viable growth potential and a strong management team in place.
ImagiTrend is targeting companies engaged in several segments of the online gaming industry, including sports, online casinos and poker. The Company envisions this situation as an excellent opportunity to capitalize on one of the fastest growing businesses on the Internet.
"In order to expand the Company's revenue base, and as a strategic growth plan, we are seeking companies that are involved in the development of online gaming software. The Company will eventually change its name and symbol to more accurately reflect any new business acquisition," stated Mark Kaley, Chairman of the Board, President and CEO of ImagiTrend, Inc.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
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