Global Pari-Mutuel Services, Inc. Completes Acquisition of BERMASE LLC

NEW YORK, Dec. 22, 2010 /PRNewswire-FirstCall/ -- Global Pari-Mutuel Services, Inc. (Pink Sheets: GPRM) (the "Company"), a pari-mutuel gaming and wagering services provider, announced today the closing of a consolidation with BERMASE LLC, a private investment company. BERMASE is now a wholly-owned subsidiary of the Company and the former members of BERMASE are the Company's controlling stockholders.

The Company today also announced the filing of a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC).  When effective, the Form 10, which contains detailed information about the Company, will cause the Company to become fully reporting with the SEC. A copy of the Form 10 is available at the SEC's website at: www.sec.gov.

About Global Pari-Mutuel Services, Inc.

The Company is focused on deploying technology and providing services designed to facilitate pari-mutuel wagering over the Internet and through international call-centers and physical off-track-betting (OTBs) facilities, and is currently developing a new proprietary technology related to its pari-mutuel trading hub.

Forward-Looking Statements

The forward-looking statements contained herein are subject to certain uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof.  The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE Global Pari-Mutuel Services, Inc.