FOR IMMEDIATE RELEASE
GLOBAL VR® RESPONDS TO OPERATOR REQUESTS FOR HIGH QUALITY, AFFORDABLE GAMES
New Manufacturing efficiencies enable lower pricing
SAN JOSE, Calif - (June 4, 2007) - GLOBAL VR is pleased to announce that corporate initiatives to reduce costs have achieved the desired results and will enable the company to reduce pricing on some existing, as well as future products. Effective immediately, GLOBAL VR will offer Ultrapin Video Pinball at a significantly lower price. Additionally, the base unit will include twelve (12) of the most highly recognizable pinball games ever developed.
Ken Bayer, GLOBAL VR's Executive VP of Operations was happy to report, "Due to the high demand for Ultrapin in our international markets, we were able to streamline certain operational procedures and provide pricing relief for all of our customers. We are now on the second manufacturing run for this unique game and the new price is reflective of the advantages that our manufacturing efficiencies can provide."
Company President and CEO, Jim DeRose added, "Making high-quality games at affordable prices has always been our objective." He went on to point out, "Customers may recall that we recently reduced the price of GLOBAL VR's hit title Need for Speed Underground by a substantial amount. This game continues to show very solid earnings and we will be releasing the Carbon update in 2008. As such, we believe it represents an excellent value for our customers. We are confident that everyone will continue to see evidence of our commitment to the industry reflected in the attractive pricing of the games GLOBAL VR will be introducing, soon."
Customers who have already purchased Ultrapin games and need to receive the additional 6 game titles plus software that enhances the games "flipper action" should contact their local GLOBAL VR sales representative. GLOBAL VR is making this software available to all parties at no charge.
Game titles originally included in the base unit: XenonT, Attack from MarsT, F-14 TomCatT, Medieval MadnessT, SorcererT, Strikes and SparesT
Additional game titles now included in the base unit: FunhouseT, FirepowerT, Eight Ball ChampT, Pin*BotT, FathomT, Black KnightT.
For information about other GLOBAL VR products, please visit www.globalvr.com or contact your local GLOBAL VR distributor or sales representative.
About GLOBAL VR - Founded in 1998 and headquartered in San Jose, California, GLOBAL VR® is the world's leading manufacturer of coin-operated video games based on home gaming technology. Backed by Calim Private Equity, LLC of Aspen Colorado, GLOBAL VR has development agreements are in place with the world's leading game publishers, including Electronic Arts (NASDAQ:ERTS), Ubisoft, Atari (NASDAQ:ATAR) that provide exclusive rights to create coin-op versions of popular home games such as EA SPORTS™ PGA TOUR® GOLF, NEED FOR SPEED™, Beach Head and Operation Blockade. In addition, GLOBAL VR also develops and manufactures product marketing under the UltraCade label including UltraCade Multi-Game System, Arcade Legends, and Breeders’ Cup. More information on GLOBAL VR can be found at www.globalvr.com.
Back to News Releases