TORONTO, Sept. 25 /PRNewswire-FirstCall/ — TrackPower, Inc. (OTCBB: TPWR) announced today the completion of its merger with its wholly owned subsidiary, Gate to Wire Solutions, Inc. (“G2W”). As a result of this merger, the Company’s name has become “Gate to Wire Solutions, Inc.,” effective at market opening, Friday, September 26, 2008. The Company’s new trading symbol for its Common Stock shall become “GWIR” on the effective date. Also as a result of the merger, each one hundred (100) outstanding shares of the Company’s common stock has been converted into one (1) fully paid and non-assessable share of the Common Stock of G2W.
“This was a significant and necessary restructuring step that we believe is in the best interests of the Company,” said John Simmonds, Chairman and CEO of G2W today. “There are exceptional opportunities in Latin America and it was necessary to restructure and reposition the Company to take advantage of them. We have put together an amazing team and we expect to make some exciting announcements about the direction of the Company in that region.”
G2W, now a Nevada corporation, is a comprehensive service provider and advisory organization to horse racing and pari-mutuel wagering interests in Latin America, comprised of seasoned industry executives whose combined experience is being re-focused on the Latin American horse racing industry.
The Company intends to improve upon and further develop the horse racing industry in Latin America through the deployment of modern technology, North American experience and sound operational methodologies. By focusing a team of industry professionals who possess decades of experience in horse ownership, breeding, racing and racetrack operations, management believes G2W has the ability to develop and implement upgrades to client facilities aimed at maximizing revenue and patron experience, providing scalable, turnkey solutions to existing operations, and/or innovative and efficient, state-of-the-art solutions to new enterprises.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 — With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of G2W could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company’s operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as “may,””will,””should,””expect,””plan,””anticipate,””believe,””estimate,””predict,””potential” or “continue,” the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, included in our SEC filings.
TrackPower, Inc.
CONTACT: please visit http://www.g2wsolutions/, or contact: Gate to WireSolutions, Inc., John Simmonds, Chairman and CEO, (905) 833-9845 ext. 223,(905) 844-9847 (FAX), [email protected]
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