Spreading the word...TransGaming Retains US-Based Financial Communications AgencyTORONTO, ONTARIO, Apr 22, 2010 (MARKETWIRE via COMTEX News Network) --
TransGamingInc. (TSX VENTURE: TNG), a leader in the development of innovativesoftware portability products that facilitate the deployment of videogames across multiple platforms, today announced it has initiated a newcorporate communications program to improve shareholder relations inthe United States. As part of the program, TransGaming has retainedWolfe Axelrod Weinberger Associates LLC in the United States tocommunicate its strategic goals and business opportunities in order toincrease investor awareness and thereby enhance shareholder value.
VikasGupta, CEO & President of TransGaming, said, "TransGaming hasachieved significant milestones in 2009 and we are at a point in ourgrowth that we require an expansion of our investor relations programin order to broaden our investor exposure. We have retained WolfeAxelrod Weinberger Associates to establish an investor audience in theUS, especially given their prior successful experience within the videogames industry. TransGaming has a very compelling story to relay toinvestors and we look forward to working with Wolfe Axelrod Weinbergerin the future."
Spearheading the communications efforts onbehalf of Wolfe Axelrod Weinberger Associates will be Adam P.Lowensteiner, Senior Account Executive. Adam has built a specialty inmicro and small cap securities through his professional career. Priorto joining Wolfe Axelrod Weinberger, in October 2000, Mr. Lowensteinerworked as a sell side analyst with CJS Securities as a generalist, butcovered the video games industry. Prior to CJS, Mr. Lowensteiner workedseveral years with Individual Investor Group as a Senior ResearchAnalyst, researching micro and small cap ideas for the company'svarious publications and investment vehicles. Mr. Lowensteinergraduated from the Sy Syms School of Business at Yeshiva Universitywith a Bachelors of Science in Finance.
Adam Lowensteiner,stated, "We are extremely pleased to be selected by TransGaming as itsinvestor relations agency of record in the U.S. TransGaming has built asolid foundation for future growth opportunities within the video gamesindustry and we are delighted to represent the Company during thisexciting time in its history. Our main goal will be to develop strongawareness of TransGaming to investors in the U.S., which has a largeaudience already following the video games industry at large. We planto work closely with management in relaying the Company's valueproposition through targeted outreach to institutional investors, sellside analysts and high-net worth individuals."
The term of theretainer agreement is one year and the Company has agreed to pay aretainer fee of US$4,000 per month plus allowable expenses. Inaddition, the Company has approved incentive compensation in the formof options to purchase 125,000 fully paid and non- assessable shares ofcommon stock of TransGaming, issued under the terms and conditions ofthe Company's stock option plan and subject to approval of the TSXVenture Exchange and federal and state regulatory approvals in theUnited States.
About Wolfe Axelrod Weinberger Associates LLC
WolfeAxelrod Weinberger Associates LLC (WAW) has been representing publiclytraded emerging growth companies to both Wall Street and Main Streetfor over 25 years. WAW designs and implements pro-active, creative andaggressive programs that enable our clients to lower their cost ofcapital and capture the attention they deserve from the investmentcommunity and the media. For additional information, go towww.wolfeaxelrod.com.
About TransGaming, Inc.
TransGamingInc. (TSX VENTURE: TNG), is a leader in the development of uniquesoftware portability products that facilitate the deployment of gamesacross multiple platforms. TransGaming's portability technologiessignificantly reduce the time-to-market for and costs associated withmulti-platform game releases. TransGaming works with many of theindustry's leading developers and publishers to enable their games onthe Mac and Linux operating systems, and currently markets its productsunder four brand names: Cider (Mac Gaming), Cedega (Linux Gaming),SwiftShader (Graphics Rendering) and GameTree (Game Publishing &Distribution). TransGaming is headquartered in Toronto, Canada. Itmaintains a research and development center in Ottawa, Canada and itsdigital home division in Atlanta, Georgia, which is focused ondevelopment efforts for GameTree.tv. To learn more about TransGamingvisit https://www.transgaming.com.
The TSX Venture Exchange does not accept the responsibility for the adequacy or accuracy of this release.
Contacts:
In Canada:
TransGaming, Inc.
Jean-Francois (JF) Dube
Investor Relations
877.848.8790
investors@transgaming.com
In U.S.:
Wolfe Axelrod Weinberger Assoc. LLC
Adam P. Lowensteiner
(212) 370 4500 x25
adam@wolfeaxelrod.com
SOURCE: TransGaming, Inc.
mailto:investors@transgaming.com mailto:adam@wolfeaxelrod.com
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