BOCA RATON, Fla., June 19 /PRNewswire-FirstCall/ -- Poker TV Network, Inc. (Pink Sheets: PKTV) announced today the completion of a share exchange with PC Universe, Inc., (PC Universe) a leading value added reseller of name brand information technology (IT) equipment. Under the terms of the merger, Poker TV Network, Inc. will change its name to PC Universe, Inc. to better reflect its new business strategy. PC Universe, Inc. is implementing a plan to increase revenues through organic growth and acquisition, which will expand the company's product and service portfolio. A name and symbol change, as well as details of the share exchange will be announced in a future release.
Founded in 1995, PC Universe provides IT products and services to a wide variety of markets. As a total technology solutions provider, PC Universe provides professional technical services such as networking design and installation, ongoing network and hardware maintenance, network security analysis, managed services and network monitoring, business continuity planning, disaster planning and recovery, and voice over IP (VoIP). PC Universe had 2005 gross revenues of approximately $25 million.
"This merger will allow us to leverage the financial and strategic resources that come with being a public company. It is our intent to explore new areas of financing and increase the company's visibility within our industry and in turn, capture growth and expansion opportunities in our marketplace," stated Tom Livia, PC Universe's President and Co-Founder.
PC Universe has served over 138,000 corporate customers. Some of PC Universe's more notable customers include: Royal Caribbean Cruise Line, Del Monte, Eclipsys Corporation, Once North America, Scientific Research Corporation, American Sugar Refinery, Tire Kingdom, Eastern Financial Federal Credit Union, City of Boca Raton, Seminole Indian Tribe, University of Miami, the U.S. Air Force, and the U.S. Navy
For additional information on PC Universe, Inc, please visit http://www.pcuniverse.com/.
About PC Universe, Inc.
PC Universe is an authorized direct marketer and service provider of over 150,000 IT products from top name brands such as Apple, Canon, Cisco, Citrix, Epson, HP, IBM, Lenovo, Microsoft, Sony, Symantec and Toshiba. As a total technology solutions provider, PC Universe provides professional technical services such as networking design and installation, ongoing network and hardware maintenance, network security analysis, managed services and network monitoring, business continuity planning, disaster planning and recovery, and voice over IP (VoIP). Since 1995, PC Universe has served the information technology needs of businesses of all sizes, federal, sate and local government entities as well as educational institutions, both public and private. PC Universe currently serves it's customers through two website properties, http://www.pcuniverse.com/ and http://www.patriotpc.us/, a fully staffed call center, a direct sales force of industry professionals, and a technical service staff of certified technicians and engineers. PCUniverse.com is ranked by Internet Retailer magazine as one of the Top 300 retail sites on the Internet.
Forward-Looking Statements
This release may contain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current estimates and projections about PC Universe, Inc.'s business (formerly known as Poker TV Network, Inc.), which are derived in part on assumptions of its management, and are not guarantees of future performance, as such performance is difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Such factors include, but are not limited to, the Company's ability to execute effectively its business plan and acquisition strategy, changes in market activity, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. These and other risks are described in the Company's filings with the Securities and Exchange Commission, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The Company assumes no obligation to update information concerning its expectations.
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