Gaming News - Gaming Industry Growth Stock (WNED) To Merger With Mobile Gaming And Gaming Lifestyle Information Provider, A Subsidiary Of Leading Wireless Broadband Company (MOBL)

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Released on: 10, April 2007
, Author: Emerge News
, Audience: Internet related

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LAS VEGAS, Nev., MIAMI, Fla. and BETHESDA, Md.  April 11, 2007 In gaming stock news, Winning Edge International, Inc. (Stock Symbol: WNED) andProGames Network, a subsidiary of broadband telecommunications services companyMobilePro Corp. (Stock Symbol: MOBL), have announced a definitive merger agreementsigning. The acquisition is expected to be completed on before April 30, 2007. Visithttp://www.emergenews.co m for more information.As part of the merger agreement Winning Edge (WNED) shareholders will retain alltheir common stock and receive a 6 for 1 preferred stock dividend valued at$10,000,000. Also ProGames will arrange $2,200,000 in financing for the new combinedcompany.Martin Gray, CEO and president of ProGames, will serve as CEO of the combinedentity. Chairman of MobilePro Corp. (Stock Symbol: MOBL), Jay Wright, will serve aschairman of the newly combined public company. He has led MobilePro from $0 revenueto nearly $100 million in revenues and expanded the companyÂ's market capitalization. Mr. Gray led the roll out of the first fully interactive and legal gaming networkin the U.S., called TVG, before it was sold to Newscorp, which ultimately sold it toGemstar for over $1 billion. Visit http://www.emergenews.com/gami ng-merger.htm formore details.Several leading gaming industry executives have agreed to join Winning Edge (WNED)upon the completion of the merger. Frank Catania, one of the world's leading expertsregarding on-line gaming will join the board of directors. He is the former Directorand Assistant Attorney General of the New Jersey Division of Gaming Enforcement andthe former Deputy Speaker of the New Jersey House of Representatives. The formerDirector of Gaming Regulation for the State of California, Harlan Goodson, will joinhim. In addition, former Treasurer of the State of Nevada, Bob Seale, has agreed toserve as chairman of the company's audit committee. Visithttp://www.emergenews.co m/gaming-leaders.htm for further details on the new boardmembers. ProGames has a developed a creative business expansion plan to diversify WinningEdge (WNED) business model. They possess in-depth industry knowledge, extensiveexperience, infrastructure and a valuable audience of high-income young males in theburgeoning online cell phone and PDA gaming industry. Wayne Allyn Root, the founder and chairman Winning Edge (WNED) International, hasnational name recognition as a leading provider of sports handicapping information. Media has dubbed Root  The Merrill Lynch of The Weekend . Commenting on the mergeragreement he stated,  I believe that this management team has the skills to turnWinning Edge International into a global market leader. Root added,  our board ispleased that our current shareholders will receive a $10 million preferred stockdividend, providing them a significant opportunity for upside appreciation. America's only publicly traded sports handicapping company, Winning Edge (WNED)develops and markets sports handicapping advice and information via television,radio and Web-based content related to sports and gaming athttp://www.winnngedge.com) and (http://www.ewinners.com. The company produceshigh-quality sports and gaming entertainment programming and sells advertising andsponsorship opportunities on its TV and radio properties. Winning Edge has built avaluable database of over 2 million predominantly male sports and gamingenthusiasts. They are currently exploring numerous marketing opportunities toincrease revenues by capitalizing on this valuable asset. ProGames Network (http://www.progamesnetwork.co m), a subsidiary of MobilePro Corp.(Stock Symbol: MOBL) is positioned to serve as a unique community-driven channel foronline gamers with content, news, original games, social networking and specialconnectivity for online gamers.

MobilePro Corp. (MOBL) is one of North AmericaÂ's leading wireless broadbandcompanies. The company serves more than 240,000 total customer lines throughout theUnited States, primarily through its CloseCall America, AFN and Kite Networksubsidiaries. For more information about MobilePro, visithttp://www.mobileprocorp .com.


Source: Express-Press-Release.com
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