GLOBAL VR® TO
PURCHASE ULTRACADE™ TECHNOLOGIES
For Immediate Release - SAN JOSE, Calif., December 13, 2005 — GLOBAL VR today announced that a definitive agreement has been reached, and a Letter of Intent signed for the purchase of UltraCade Technologies by GLOBAL VR. The acquisition effort lead by GLOBAL VR’s leading investor, Calim Private Equity, LLC., is expected to be completed Q1 2006.
DEDICATED TO ACHIEIVING “TOTAL CUSTOMER SATISFACTION”
For Immediate Release - SAN JOSE, Calif., December 9, 2005 — GLOBAL VR is pleased to announce that the company has undertaken a major initiative to achieve “Total Customer Satisfaction” with distributors, operators, locations and players. In announcing the move, Jim DeRose, GLOBAL VR’s President and CEO stated, “Our ultimate goal is to exceed all of our customers’ expectations and make it a pleasure to do business with us. In order to achieve this goal, we are examining everything we do and how we might do it better. From game development, through manufacturing and distribution to service, we will measure ourselves against the highest expectations.”
GLOBAL VR SET TO
INTRODUCE PRODUCT TO ITALIAN MARKET
For Immediate Release - SAN JOSE, Calif., November 11, 2005 - GLOBAL VR® and Inspired Leisure Link Italia SpA (ILLI), a newly formed subsidiary of Leisure Link and Inspired Broadcast Networks, today announced that an agreement has been reached between the companies that grants exclusive rights to ILLI to distribute the full line of GLOBAL VR product in Italy for the next three years. The agreement was executed at the recent coin-op tradeshow in Rome, Enada, where company heads were present and details of the arrangement were finalized.
GLOBAL VR AND
UBISOFT INK TWO TITLE DEAL
For Immediate Release - SAN JOSE, Calif., November 10, 2005 - GLOBAL VR®, a leading manufacture of out-of-home video game products for the coin-operated industry announced a worldwide licensing agreement with Ubisoft, one of the world’s largest video game publishers. Under the agreement, Ubisoft will give GLOBAL VR the technology and rights to develop two of Ubisoft’s video game properties for coin-operated video game machines.
GLOBAL VR WEBSITE
TURNS PLUS POINTS™ INTO MERCHANDISE
For Immediate Release - SAN JOSE, Calif., September 14, 2005 - GLOBAL VR® today announced that the highly anticipated Plus Points Program is now available. Players who earn points playing EA SPORTS™ PGA TOUR® GOLF Challenge Edition are eligible for awards including gift certificates from top name merchants and specialized retailers that provide hard to find products. Travel, sporting goods, electronics, and household items are all available when players exchange their points for prizes.
GLOBAL VR PROMOTES
INDUSTRY VETERAN TO HEAD PRODUCT DEVELOPMENT
For Immediate Release - SAN JOSE, Calif., August 31, 2005 - GLOBAL VR® announced today that industry veteran, John Ray, has been promoted to the newly created position of Vice President and Executive Producer. In his new role, John will be responsible for directing all of GLOBAL VR’s game development efforts, from design document creation, through launch.
GLOBAL VR BOARD
APPOINTS JIM DEROSE CHAIRMAN
For Immediate Release - SAN JOSE, Calif., August 8, 2005 - GLOBAL VR® today announced in addition to his current role as President and CEO, Mr. Jim DeRose will assume the leadership position of GLOBAL VR’s Chairman of the Board.
EA SPORTS™ PGA TOUR® GOLF CHALLENGE EDITION TOURNAMENTS ARE SET TO
For Immediate Release - SAN JOSE, Calif., July 28, 2005 - GLOBAL VR® announced that monthly cash tournaments are set to begin on the new and highly anticipated version of EA SPORTS™ PGA TOUR® Golf – Challenge Edition. The tournament event will be kicked off beginning August 1 st 2005 and will run for the entire month. Lowest score will walk away with the $5,000 top prize. Each month thereafter a new course will be chosen for the 9 hole match-up and players will compete for their share of over $40,000 in cash and prizes.
$100,000 MADDEN CHAMPIONSHIP IS SET TO KICK OFF IN LAS VEGAS, NEVADA AUGUST 5
For Immediate Release - SAN JOSE, Calif., July 25, 2005 - GLOBAL VR® today announced that the roster for the first $100,000 Madden Championship is complete and competition is set to begin August 5 th at Las Vegas’s Alexis Hotel and Resort. 64 players and 6 alternates will be arriving in the gaming capital of the world where they will find the stage set and their opponents ready to kick-off.
VR Set to Begin Need For Speed™ Underground Cash Prize Tournaments
For Immediate Release - SAN JOSE, Calif., June 29, 2005 - GLOBAL VRŽ recently announced the commercial availability of the highly anticipated Need for Speed Underground game for the coin-op market and now has added hit title to the growing list of GLOBAL VR Cash Prize Tournament games. The addition of the game to the GLOBAL VR Tournament System gives players the opportunity to enjoy exciting driving action as well the chance to participate in large cash prize tournaments.
VR and Brady Strengthen Distribution Relationship
For Immediate Release - SAN JOSE, Calif., June 14, 2005 - GLOBAL VRŽ and Brady Distributing Company today jointly announced that an agreement has been reached which will serve the immediate and long-term objectives of both companies as it relates to the sale and service of the entire GLOBAL VR product line in Florida. Brady Distributing Company will take on the role of GLOBAL VR's key distributor in the territory thereby providing operators the quality attention, service and support they deserve.
Pro, John B. Hill Joins GLOBAL VR as Northeastern/Mid-Atlantic Sales Manager
For Immediate Release - SAN JOSE, Calif., June 1, 2005 - GLOBAL VRŽ announced today that industry sales veteran, John B. Hill, has joined GLOBAL VR as the new Northeastern/Mid-Atlantic Sales Manager. Replacing Tony Maniscalco, who recently accepted a role with a new venture, John will immediately assume responsibility for the sale of GLOBAL VR products.
EXECUTIVE TO HEAD GLOBAL VR
For Immediate Release - SAN JOSE, Calif., May 4, 2005 - GLOBAL VRŽ is pleased to announce the appointment of Jim DeRose to the position of President and Chief Executive Officer. Milind Bharvirkar, founder of GLOBAL VR, will remain actively involved in future product development and continue in his role as Chairman.
VR Bringing Challenge to Coin-op Video Golf
For Immediate Release - SAN JOSE, Calif., March 30, 2005 - Are you ready for a Challenge? EA SPORTS PGA TOURŽ Golf Challenge Edition, that is. According to GLOBAL VRŽ coin-op Game Producer, Danny Pisano, players and operators are ready and waiting. "Many of the features and options of Challenge Edition have been implemented in response to player requests and operator preference," says Pisano.
Sega Exec Appointed GLOBAL VR Vice President, Finance
For Immediate Release - SAN JOSE, Calif., March 11, 2005 - Robert Giovannettone (Bob G to his friends and colleagues) has joined GLOBAL VRŽ as Vice President of Finance. Bob's entertainment and gaming background has involved associations with such notable leaders as Sega Enterprises/Sega GameWorks, Universal Studios, Time-Warner, Lorimar Productions, and Deloite Touche.
VR Takes Need for Speed Underground to the Coin-op Streets
For Immediate Release - SAN JOSE, Calif., February 15, 2005 - Players around the world are ready to shift into high gear as the top-selling racing videogame, Need for Speed Underground, comes to coin-op. GLOBAL VRŽ has licensed Need for Speed Underground from Electronic Arts (NASDAQ: ERTS) and is forging new territory by offering the coin-op community a unique, dynamic player experience with this well-recognized driver. Need for Speed Underground taps into the current "tuner" culture of urban street racing by offering the most notable licensed cars such as Toyota Supra, Mitsubishi Eclipse, Nissan 350Z and the respected Nissan Skyline GTR which, while having a dedicated, domestic following, is an import and not commercially available in the US.
SPORTS Madden NFL Football Goes to the Big Game
For Immediate Release - SAN JOSE, Calif., January 31, 2005 - San Jose-based video game manufacturer, GLOBAL VRŽ is honored and privileged to be included among the pre and post game festivities at this year's big game in Jacksonville, Florida. The company's newly released, four-player, coin-op videogame, EA SPORTS Madden NFL™ Football, will be featured directly adjacent to the Alltel Stadium in the official Corporate Hospitality Village at the NFL Stadium Club.
GLOBAL VR Secures $20 Million Credit Line
For Immediate Release - SAN JOSE, Calif., January 21, 2005 - This week, GLOBAL VRŽ announced an increase in their working capital line of credit from $12 million to $20 million. Calim Private Equity, LLC has extended this increase in funding to the company in support of future corporate expansion initiatives.
Gamers Kick it into High Gear to Win Big Game Tickets
For Immediate Release - SAN JOSE, Calif., January 21, 2005 - Five lucky (and skilled) coin-op video golfers and football players recently walked away with super prize packages that include a pair of tickets to the Big Game in February, round trip airfare to Jacksonville, Florida and a four-night hotel stay. Video game manufacturer, GLOBAL VRŽ sponsored the coveted give-away from September through January to give players sufficient time to qualify on its EA SPORTS MADDEN NFL™ FOOTBALL and EA SPORTS PGA TOURŽ GOLF video games.