CINCINNATI, March 9, 2005 (PRIMEZONE) -- Games Inc. (OTCBB:GMSI) announced today that they have appointed Dennis G. Kennedy, former Director of the Ohio Lottery, as President of its Lottery Division. Mr. Kennedy, a CPA and respected lottery official, has spent over 26 years in the lottery industry, most recently serving as Executive Director of the Ohio Lottery from 2000 through 2004. Mr. Kennedy also served as vice-president of the multi-state Mega Millions Association in 2004, a group of 12 lottery states most recently joined by California.
Dennis Kennedy said, "My goal in Ohio was to reinvigorate lottery sales by maximizing efficiencies and exploring alternative and innovative revenue opportunities. I hope to continue that same approach at Games, Inc. and offer other lotteries a wide variety of products and services that will be geared towards achieving sustainable sales increases." Kennedy and Games Inc. have already begun to develop and patent several game designs and will begin to offer them to the Lottery community immediately.
"With the recent interest of several states in the increased sales opportunities available through the sale of government-sponsored lottery tickets, we believe that Dennis will be a great asset and the right person to lead our game development and LotteryOnLine(sm) efforts," said Roger W. Ach, II, Games Inc. President and CEO.
Cincinnati, Ohio-based, Games, Inc. owns and operates a portfolio of online portals focused on the delivery of interactive entertainment and content to consumers. The Company features two community-focused online game sites as well as proprietary games for purchase-and-download, conventional online play, peer-to-peer and tournament game play. Games, Inc. also features a digital greetings site and a site and proprietary back-end system for the online facilitation and reporting of state and provincially-sponsored Lotteries. Revenues are largely driven by online advertising and subscriptions, however, proprietary content delivery and decremented payment systems will enable software licensing to become a component of the revenue mix along side merchandise and lottery-driven commissions. For more information, please visit the Company's corporate website, www.gamesinc.net, or their portfolio sites, www.games.org, www.gameland.com, www.skillmoney.com, www.lottery.com and www.cards.com or contact Sue Craner at investorrelations@gamesinc.net.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Games) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Games. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. We undertake no obligation to update information in this release.