Poker TV Network Completes Merger with PC Universe
Poker TV Network, Inc. announced today the completion of a share exchange with PC Universe, Inc., a leading value added reseller of name brand information technology (IT) equipment.
Under the terms of the merger, Poker TV Network, Inc. will change its name to PC Universe, Inc. to better reflect its new business strategy. PC Universe, Inc. is implementing a plan to increase revenues through organic growth and acquisition, which will expand the company's product and service portfolio. A name and symbol change, as well as details of the share exchange will be announced in a future release.
Founded in 1995, PC Universe provides IT products and services to a wide variety of markets. As a total technology solutions provider, PC Universe provides professional technical services such as networking design and installation, ongoing network and hardware maintenance, network security analysis, managed services and network monitoring, business continuity planning, disaster planning and recovery, and voice over IP (VoIP).
PC Universe had 2005 gross revenues of approximately $25 million. "This merger will allow us to leverage the financial and strategic resources that come with being a public company. It is our intent to explore new areas of financing and increase the company's visibility within our industry and in turn, capture growth and expansion opportunities in our marketplace," stated Tom Livia, PC Universe's President and Co-Founder.
June 20, 2006
Posted By Nancy Lenz
Staff Editor, CasinoGamblingWeb.com
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