GamePlan Inc. (OTCBB: GPLA) today announced the execution of an
Agreement and Plan of Merger providing for its acquisition of
VPartments, Inc. GamePlan is currently classified as a non-operating SEC
reporting publicly-held shell company that had been actively searching
for viable merger or acquisition candidates prior to locating
VPartments. VPartments is currently a privately-held firm and, upon
closing of the merger, will become a wholly-owned subsidiary of
GamePlan. The closing of the merger is subject to customary closing
conditions. Upon closing, GamePlan will file with the SEC a Current
Report on Form 8-K containing the type of information about the combined
entities that would be contained in a Registration Statement on Form 10.
Upon closing of the transaction, which is classified as a reverse
merger, the shareholders of VPartments will obtain voting control of
GamePlan in a stock-for-stock exchange under the Merger Agreement.
"After very carefully examining the web and mobile applications being
developed by VPartments, we came to a very clear conclusion that this
company was launching not only a social networking portal, but a whole
new era of communications for individuals from every walk of life," said
Robert Berry, GamePlan's CEO. "We hear a lot about immersive social
experiences here lately, and now even Facebook has remarked that this is
the next major phase in social networking - with their recently
announced deal to purchase Oculus. The timing of our merger could not
have come at a better time, as VPartments has now been freed up to go
live with a truly immersive and interactive environment."
Sean Rheyynhewohenh, CEO of VPartments, added, "For the past year, we
have been focused on developing a user experience that is like no other.
The VPartmens web and mobile properties bring together a variety of
socialization tools under a unique virtual environment that is made to
showcase the user. And with this merger, we will be able to expand our
business in entirely new ways. We are elated to join forces with Bob
Berry, and take this company to exciting heights."
About VPartments, Inc.:
VPartments is the developer and owner of VPartments.com
- a social commerce website and mobile app that we believe to be a
disruptive departure from online social networking norms. VPartments
provides an interactive portal for people to connect in a more
meaningful way by maximizing the full potential of cutting edge 3D
VPartments' website and accompanying mobile application enable users to
"dwell" in a three-dimensional space and include numerous tools for
sharing photos, videos, news and conversation with family and friends -
all within a warm virtual environment that is easily customized to the
user's decorative tastes.
The virtual apartments may be furnished with an assortment of pieces
sponsored by (and available from) various furniture, appliance,
electronic and home improvement retailers and manufacturers. Each item
and component within an apartment presents a commercial
marketing/branding opportunity in a manner that is less intrusive than
forced web browser-based banner and video advertisements. The VPartments
website and mobile app represent an experience that - while keeping
wholly in step with user socialization wishes - also acts as a portal
for brands to build real connections to consumers.
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. In some
cases, you can identify forward-looking statements by the following
words: "anticipate," "believe," "continue," "could," "estimate,"
"expect," "intend," "may," "ongoing," "plan," "potential," "predict,"
"project," "should," "will," "would," or the negative of these terms or
other comparable terminology, although not all forward-looking
statements contain these words. Forward-looking statements are not a
guarantee of future performance or results, and will not necessarily be
accurate indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on
information available at the time the statements are made and involve
known and unknown risks, uncertainties and other factors that may cause
our results, levels of activity, performance or achievements to be
materially different from the information expressed or implied by the
forward-looking statements in this press release. This press release
should be considered in light of all filings of the Company that are
contained in the EDGAR Archives of the Securities and Exchange
Commission at www.sec.gov.
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