Published: April 28, 2006
/ CORRECTION - Interactive Games Inc. Announces Financing With Divine Capital Markets LLC
In the news release, "Interactive Games
Inc. Announces Financing With Divine Capital Markets LLC," issued earlier
today by Interactive Games Inc. (OTC BB: IGAM), we are advised by the
company that the second sentence of the third paragraph should be removed
and the third sentence of the third paragraph should read "We look forward
to working with Interactive Games management to help deliver on their
business plan." rather than "We look forward to working with Elgrande's
management to help deliver on their business plan." as originally issued.
Complete corrected text follows.
Interactive Games Inc. Announces Financing with Divine Capital Markets LLC
WEST PALM BEACH, FL -- 04/28/2006 -- Interactive Games Inc. (OTC BB: IGAM),
a developer and licensor of specialty slot machine and mobile entertainment
software to the casino gaming and wireless entertainment industry, today
announced that it has executed an agreement with Divine Capital Markets LLC
that provides the Company with up to $US 700,000 in convertible debenture
financing. The debentures are due three years from the closing date and are
convertible into restricted common stock of the Company. Related to this
financing, the Company will file a form 8-K with the Securities and
Exchange Commission by market close today, on April 28th, 2006.
Divine Capital Markets LLC (www.divinecapital.com) is a boutique securities
brokerage and investment banking firm. The firm is recognized for providing
institutions, corporations and a short list of accredited investors with
high quality trading strategies, research, consulting services and private
wealth management.
Danielle Hughes, Chief Executive Officer of Divine Capital Markets LLC,
stated, "We take pride in our ability to identify undervalued companies
with strong management, growth potential and competitive advantages. We
look forward to working with Interactive Games management to help deliver
on their business plan."
Mr. Henry Fong, President and CEO for Interactive Games Inc., commented,
"We are extremely pleased to have secured this financing with Divine
Capital, as it enables our company to better focus on our business strategy
and explore additional areas of growth for both our company and our
shareholders."
About Interactive Games
Interactive Games Inc., http://www.interactivegamesinc.com, is a developer
and licensor of interactive casino technologies and redemption gaming
applications. Interactive Games has entered into license and distribution
agreements with Ed McMahon for the Interactive Games "Million Dollar
Madness Class III Slot Machine," Best Bet Media, Global Gaming and other
third-party manufacturers and distributors, in which the company has the
right to market, sublicense and distribute gaming and mobile entertainment
products under the Interactive Games brand.
This press release may include forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements are based on the
Company's current expectations as to future events. However, the
forward-looking events and circumstances discussed in this press release
might not occur, and actual results could differ materially from those
anticipated or implied in the forward-looking statements.
Distributed by Market Wire
Copyright © 2012, MarketWire
Copyright © 2012, NewsBlaze,
Daily News