Poker TV Network, Inc. (PKTV) Announces Name and Ticker Change to PC Universe, Inc. (PCUV)4 July 2006
PC Universe, Inc., formerly known as Poker TV Network, Inc. (OTC Pink Sheets: PKTV) announced today its name and ticker symbol change has been accepted by The NASDAQ Stock Market and will begin trading on the Pink Sheets under the symbol "PCUV" effective Wednesday, July 5, 2006. Coincident with the name and ticker symbol change, PC Universe, Inc. ("PCUV") has effected a one-for-three reverse split of its common stock, with post-split trading to begin when the market opens for trading Wednesday morning, July 5, 2006. On June 20, 2006, after receiving approval from a majority of PCUV stockholders, PCUV's board of directors approved the reverse split. Immediately prior to the reverse split PCUV had 99,998,024 shares of common stock issued and outstanding. After the reverse split, there are approximately 33,332,675 shares of common stock issued and outstanding. As previously announced, PC Universe, Inc. recently completed a share exchange with Poker TV Network, Inc.
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.
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, state and local government entities as well as educational institutions, both public and private. PC Universe currently serves its 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.
For additional information on PC Universe, please visit http://www.pcuniverse.com .
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., 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.
Contact Information: Tom Livia, Investor Relations Dept. of PC Universe, Inc., (561) 208-6967
Website: http://www.pcuniverse.com /
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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