NEW YORK, May 21, 2015 (GLOBE NEWSWIRE) -- Empire Global Corp. (OTCQB:EMGL) announced today that it has filed its Quarterly Report on Form 10-Q for the period ended March 31, 2015 with the U.S. Securities and Exchange Commission.
Among other things, this quarterly report for the period ended March 31, 2015 filed by the Company represents the consolidated results of incorporating our first acquisitions of offline gaming licenses in Italy. The Company now owns 3 gaming licenses which includes our original GAD online license, a Monti license which allows us to operate agency arcades and a Bersani license to operate neighborhood corner shops in one of the largest regulated gaming markets in the world.
"This report demonstrates that our build out plan in Italy is effective with signs of stabilizing operational costs and improved gaming margins supported by a solid distribution network," stated Michele Ciavarella, Chairman and CEO of the Company. "We expect this strategy to yield favorable results in earnings over the coming months as our aim is to bolt on additional market participants aligned with our 2015 – 2016 acquisition plan resulting in increased gaming turnover and earnings."
The report is available on Empire's website at www.emglcorp.com and a printed copy may be requested free of charge by contacting Empire at +1.647.229.0136.
About Empire
Empire Global Corp. is a company focused on developing world-class products and services in the regulated global online gambling industry with specialization in the online sports betting vertical. Our vision is to develop our business through strategic mergers and acquisitions and reorganization of existing licensed operators in geographically diversified jurisdictions. We seek to create long-term value for our investors and positive economic influence with the companies and the communities we invest in through our commitment to responsible gaming and the clients we serve. Additional information is available on our website at www.emglcorp.com.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the company's current beliefs and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements.
Factors which may cause such differences include the company's ability to complete additional acquisitions, expand our distribution, increase our client base and other risks disclosed in the Company's SEC filings. The company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information covered in this press release, including such forward-looking statements.