Game Trading Technologies, Inc. Acquires Over 320,000 Video Games for Refurbishment and Redistribution

HUNT VALLEY, Md., March 16 /PRNewswire-FirstCall/ -- Game Trading Technologies, Inc. (OTC Bulletin Board: GMTD), a leading game trading services provider focused on technology, supply and services in the fast growing, pre-owned video game market, announced today that it has purchased over 320,000 units of video games and accessories assisting a national retail firm in monetizing defective and slow moving retail and rental merchandise.  

Game Trading Technologies, Inc. utilizes its proprietary game valuation database to provide sellers, including retailers, distributors, publishers, and individual consumers, optimum liquidation value for their unwanted items.  After a thorough refurbishment process, these games and accessories will ultimately find their way into the hands of value conscious consumers who are seeking to get the most out of their household entertainment budget.

"We are excited to use our video game industry expertise, specifically our proprietary pricing algorithm, to add value to our supply and retail partners," said Todd Hays, President and CEO of Game Trading Technologies, Inc.  "Whenever we have the opportunity to find great used games, look for us to be there to help get them in the hands of the gamers who crave them!" added Hays.

About Game Trading Technologies, Inc.

Founded in 2003 and headquartered in Hunt Valley, MD, Game Trading Technologies, Inc. is a leading video game trading services provider focused on valuation, procurement, refurbishment, and redistribution of pre-owned video games.  Game Trading Technologies, Inc. currently offers unique services, supported by innovative technologies to an array of national firms, allowing them to better serve customers who want to trade their games for store credit or purchase pre-owned games.  The foundation of most of these relationships is Game Trading Technologies, Inc.'s proprietary game trading database, which updates values on more than 10,000 video games and consoles on a daily basis according to market conditions.  Game Trading Technologies, Inc. shares are traded on the OTCBB under the symbol 'GMTD'.  Additional information is available within Company's website at www.gametradingtechnologies.com or by calling (877) 631-GAME (4263).

Forward Looking Statements

This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Game Trading Technologies' current expectations about its future results, performance, prospects and opportunities.  Game Trading Technologies has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Game Trading Technologies and are subject to a number of risks, uncertainties and other factors that could cause Game Trading Technologies' actual results, performance, prospects or opportunities during the remainder of 2010 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks are referenced in Game Trading Technologies' current report on Form 8-K, which may be found at www.sec.gov or as may be described from time to time in Game Trading Technologies' subsequent SEC filings.  

SOURCE Game Trading Technologies, Inc.

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