FOR IMMEDIATE RELEASE
GLOBAL VR® ACHIEVES RECORD SALES IN MAY
Response to Paradise Lost and International Growth Fuel Strong Performance
SAN JOSE, Calif - (June 7, 2007) - GLOBAL VR is pleased to report that the company's May shipments reached an all time high, as demand for newly released games combined with international expansion to drive top line revenue to a record level.
Company President and CEO, Jim DeRose commented, "Our sales performance in May is indicative of the success we have achieved in our turnaround effort and the excellent response we are receiving to our newest games." He went on to add, "It is particularly gratifying to note that our sales were balanced across multiple releases including our Paradise Lost, Aliens Extermination, UltraPin, and Global Arcade Classics. Need For Speed Underground also saw a surge in orders based on operator reports of continued strong earnings and a new, low price. Our international business has been very strong this year and May was no exception. Our business in the United Kingdom, Russia and the Middle East remains very robust and we shipped over 100 Aliens cabinets on an opening order to Japan." DeRose concluded, "Perhaps most exciting is the fact that despite the shipments in May, our backlog of orders is strong and our line-up of new releases for the second half is the best in GLOBAL VR's history, as it includes the widely anticipated EA SPORTST NASCAR Racing."
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.
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