FutureTrak International Set to Acquire Millennium Publications

Posted on November 12, 1998

FutureTrak International, Inc.has agreed to enter into a formal binding agreement to acquire Millennium Publications Inc., according to a joint announcement by the two companies today. Florida-based FutureTrak International will maintain its current headquarters and operate with two branches, Millennium to remain in Los Angeles. Under terms of the agreement, FutureTrak will acquire 100% of Millennium Publications, which is expected to generate in excess of $6 million in annual revenue. Millennium Publications Inc. will operate as a subsidiary of FutureTrak International, Inc.

Millennium Publications generates a number of magazines and books covering aspects of the video gaming industry, including video consoles and cutting-edge PC hardware and software. Their monthly publication, Gamers' Republic, provides gaming information including extensive features, in-depth interviews, game reviews and the latest news. Millennium also produces a number of full-color official strategy guides specifically covering systems and games from Sony, Sega, and Nintendo.

"This acquisition is in line with our continuing plans for bringing innovative solutions to the marketplace. The gaming industry is not only an exciting marketplace, but full of revenue potential," said Steve Remondini, president of FutureTrak. "Providing content, devices, and data services allows us the opportunity to interface technologies and give the customer the best functionality for the best price," he added.