Newgioco Group Announces Ticker Symbol Change to “NWGI”
NEW YORK, Feb. 15, 2017 (GLOBE NEWSWIRE) -- Newgioco Group, Inc. (OTCQB:EMGL) a company providing regulated online and offline gaming and wagering through licensed subsidiaries in Italy, announced today the change of its OTCQB trading symbol from “EMGL” to “NWGI.” The change will take effect at the start of trading on February 16, 2017.
The new trading symbol, which is more closely aligned with the company name, “Newgioco Group, Inc”, is intended to strengthen the Newgioco brand recognition throughout all the regulated gaming territories in which it operates and to increase its profile within the investment community.
Beginning February 16, 2017 all information, including stock trading, SEC filings, and market data related to Newgioco Group, Inc. will be reported under the new ticker symbol, “NWGI.” Contemporaneously with the change on our name on July 20, 2016, the CUSIP for company’s common stock has been change to 65136T106. Outstanding stock certificates are not affected by the symbol change and will not need to be exchanged.
Our company Chairman and CEO, Michele Ciavarella stated “the change in our trading symbol checks off another box in our execution plan to take Newgioco through the next stage of development aimed at meeting all criteria for listing our shares on a national stock exchange.” Mr. Ciavarella further remarked, “Our blueprint continues to focus on increasing market share during disruptive legislation changes for operators in Italy and deploying our powerful industry-leading betting software platform in this strong and regulated core market. Our licensed, multi-functional online sports-betting and gaming platform and highly experienced management are aimed at exploring regulated US gaming markets particularly as the huge market liberalises in the USA.”
About Newgioco Group, Inc.
Newgioco Group, Inc., together with its wholly owned subsidiaries, is a fully licensed and integrated online and land-based gaming operator. The company conducts its business primarily through our internet-based gambling and sports betting platform under the registered brand Newgioco on our website www.newgioco.it as well as land-based neighborhood betting shops situated throughout Italy.
The company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. Additional information is available on our corporate website at www.newgiocogroup.com.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "forecast," "plans," "intends," "potential" and similar expressions. These statements reflect the company's current beliefs and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements.
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