Game Trading Technologies, Inc. to Introduce Powerful iPhone Application to Build, Value, Manage and Trade Video Game Collections

HUNT VALLEY, Md., July 13 /PRNewswire-FirstCall/ -- Game Trading Technologies, Inc. ("GTTI" or the "Company", OTC Bulletin Board: GMTD), a leading provider of comprehensive trading solutions for video game retailers, publishers, rental companies and consumers is pleased to announce the development of an iPhone application ("App") that allows video game players to build, value, manage, and trade their personal video game software collections.  

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The soon-to-be-released downloadable iPhone application named "GameBook Mobile" will allow users to input and manage their entire collection of video games and systems.  GameBook Mobile utilizes GTTI's proprietary "GFI Gamebook"™, a market valuation technology that prices over 10,000 pre-owned video games quickly and accurately in real time.

GameBook Mobile for the iPhone will initially consist of six unique features including: Value My Games/Collection, Scan My UPC, Trade Trend Key, Trade-O-Meter, Want List and Store Locator.

Within an easy-to-use interface, Value My Games/Collection enables the user to search for games by platform, title and UPC code and build their own personal collection. As the user adds games to their collection, they are able to view the entire collection and its value.  The Scan My UPC tool uses Apple's powerful iPhone camera hardware to take a picture of the UPC barcode on the back of any game, enabling the user to add the games to their iPhone game collection with just a few clicks.

Similar to trading stocks, the Trade Trend Key will display a symbol informing the user if the market value of a game or the user's entire collection is trending up quickly, up slowly, stable, down quickly or down slowly.  The Trade-O-Meter tool enables the user to track which games in their collection are keepers versus games that are definite candidates for trade.  Both of these tools provide real-time values and trends so that the best trading decisions can be made.  

The Want List enables the App users to add video games they may want to purchase or trade for in the future.  Future releases of GameBook Mobile will process a trade in order, allow for game purchases, and enable users to trade games on-line using their game collection as a form of payment for desired games and products.

The Store Locator enables the user to locate the nearest trade center partner to physically trade-in some or all of their video games for specific retailer gift cards.  The App uses the iPhone's built-in GPS software or allows the user to specify their location to search for the closest trade-in partner.  

"There exists pricing and demand volatility in the market for pre-owned video games and gaming systems.  We have specifically designed GameBook Mobile for those millions of video gaming consumers so that they are able to make timely, well informed trade-in decisions for every title, system, and accessory they own," says Todd Hays, President Game Trading Technologies, Inc.

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.gtti.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.