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[DL] Pinnacle news
Title: Pinnacle news
January
11, 2001
For Immediate Release
Contact:
Steve Peterson
Cybergames.com
415-884-3480
steve@herogames.com
CYBERGAMES.COM, PINNACLE ENTERTAINMENT GROUP UNDO
ACQUISITION
Novato, CA - Cybergames.com announced today that its
acquisition deal for Pinnacle Entertainment Group, entered into late
last year, has been rescinded. Control of Pinnacle Entertainment Group
has been returned to the majority shareholder of Pinnacle
Entertainment Group, Shane Hensley. "After reviewing a wide
variety of issues, we have mutually decided that it's in the best
interest of both parties to undo this deal," said Cliff Perotti,
President & CEO of Cybergames.com. "Cybergames.com will be
able to focus on its other properties, and Pinnacle will be able to
focus on its product lines."
Pinnacle will continue to operate out of their Virginia offices. Sales
and other inquiries regarding Pinnacle products should be directed to
Shane Hensley at 540-381-8480.
Cybergames.com is a diversified, fast-growing entertainment company
producing roleplaying games, card games, miniatures, board games,
fiction, software and online entertainment. Wholly owned subsidiaries
include Hero Games, Obsidian Studios and Emperors Choice Games &
Miniatures.
--
- Steve Peterson, Cybergames.com