news out! Up 13%!
ASX RELEASE #8211; Wednesday 29th March 2006
Global Signs Agreement To Create
One Of Australia�fs Premier Online Gaming Companies
Jumbo Corporation Limited (ASX:JUM) is a substantial
shareholder of Global Approach Limited (ASX:GLO) with 17.4%
of the shares. GLO today announced that it had signed a Heads
of Agreement to create one of Australia�fs premier online gaming
companies.
�gGLO will not only grow substantially with this acquisition, but
also take a stronger focus on online poker with a stable base of
profitable online casinos�h, said Mr Mike Veverka, CEO of Jumbo Corporation Liminted.
�gThe number of depositing players will triple, the portfolio of online casinos and poker rooms will expand and both the net assets and earnings will improve substantially�h, he said.
Mr Mike Veverka, CEO of Jumbo and Alan Phillips, Chairman of Jumbo are both non-executive directors of Global Approach Limited. Jumbo Corporation Limited currently holds 11.2 million ordinary shares
(17.4%) of the fully paid ordinary shares in GLO. The full GLO announcement is attached.
JUM
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news out! Up 13%!ASX RELEASE #8211; Wednesday 29th March...
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