FOR IMMEDIATE RELEASE
GLOBAL VR® WELCOMES FRANK BALLOUZ AS SENIOR VICE PRESIDENT OF INTERNATIONAL BUSINESS
SAN JOSE, Calif – (January 16 2008) – GLOBAL VR is pleased to announce the appointment of Mr. Frank Ballouz as SVP International Business. Effective January 14, 2007, the 30 year veteran of the coin-op industry and former head of international sales for companies such as Atari, Merit Industries, Namco Europe, and even a stint as GLOBAL VR's International Sales VP, has taken on a new role which focuses on expanding business opportunities for the company.
"It is no secret that Frank is one of the most knowledgeable executives in the coin-op industry," commented Jim DeRose, GLOBAL VR President and CEO. "Over the past two years, GLOBAL VR has achieved extraordinary success and is in the enviable position of expanding our business internationally. We believe that Frank is uniquely qualified to help GLOBAL VR further develop business in new and emerging markets while providing current customers the professional service to which they are entitled. We are thrilled to have him aboard!"
"I am honored and excited to be a part of the GLOBAL VR team. It has been very impressive to watch the strides GLOBAL VR has made over the past two years to become one of the most respected manufacturers in the coin-op industry. With its amazing line-up of games and seasoned management team, I am confident that GLOBAL VR will maintain its current trajectory," Frank commented. He went on to state, "Although most people know that my plans included a move to Thailand, I firmly believe this is an extraordinary opportunity, and I look forward to attending the ATEI as a representative of GLOBAL VR."
For information about 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 one of the world's leading manufacturers of coin-operated video games based on home gaming technology. Through the development of proprietary technology, GLOBAL VR is able to leverage the massive investment in development of PC and console games by third party developers by making them suitable for play in out-of-home locations. Development agreements are in place with some of the world's leading game publishers including Electronic Arts (NASDAQ: ERTS ), Ubisoft, and Atari (NASDAQ:ATAR). These agreements provide GLOBAL VR rights to create coin-op versions of popular home games such as EA SPORTS™ PGA TOUR® GOLF , Underground, NASCAR, Blazing Angels, Beach Head and Operation Blockade. In addition, GLOBAL VR also develops and manufactures products previously marketed under the UltraCade label including Global Arcade Classics and Ultrapin. More information on GLOBAL VR can be found at www.globalvr.com.
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