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Bay Acquisition Corp. Acquires VGFive(April 01, 2013)
BOSTON, April 1, 2013 (GLOBE NEWSWIRE) -- Bay Acquisition Corp (dba Goozex) (OTC:SLGI) announced today that it has acquired all of the assets of the VGFive website, an online video game trading business. VGFive has a very active trading community and is a perfect fit for the Goozex trading model. Goozex believes that this purchase will complement the expanding Goozex community base. VGFive began as a competing site in November of 2012 during the time Bay Acquisition was acquiring Goozex Inc.
While VGFive has only been in business for five months, over 4,300 video games have been traded on the site to date. Goozex will merge the two entities hence enlarging its offerings to its expanded community.
About Bay Acquisition Corp. dba Goozex
Goozex (short for "Goods Exchange") is a trading community for video games. It provides an advanced, feature-rich, and customer-acclaimed platform to trade products for other products. It was rated best in class by many industry experts, including Electronic Gaming Monthly, Games Radar and The Washington Post.
Through Goozex users get access to thousands of games across the nation while retaining the full market value of their gaming library. The Company provides users access to many games for Xbox 360, Windows (PC), Sony Playstation 3, PlayStation 2, PlayStation Portable, Nintendo Wii, Microsoft Xbox, PlayStation, Sega Dreamcast, GameCube, Gameboy Advanced, Nintendo DS, and Mac.
This release contains certain "forward-looking statements" relating to the business of the Company. These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Further the forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Such forward-looking statements include, among other things, regulatory incentives, the development of new business opportunities, and projected costs, revenue, profits and results of operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission and available on its website (www.sec.gov).
CONTACT: J.P McCormick, President and CEO
Related Keywords: GAMING, INTERNET, ACQUISITIONSGaming, Internet, Gaming, Web, Game Consoles, Video, Sony, Games, Internet Technology, Game Technology, Business, Internet, Other,