John Fleming, CEO of GameZnFlix, an online provider of video games and movies for rent or purchase, said today that unfilled demand for the Wii Video Game Console may result in increased business for the game rental industry.
"The Wii is the hot ticket this Christmas and they're just not out there to be had," said Fleming. "It looks like a replay of Christmas 2006 when the Wii was commanding big premiums on eBay while last minute shoppers were lining up at Gamestop or Best Buy and too often leaving empty-handed. My guess is that those who have their heart set on a Wii aren't going to look instead to the XBox 360 or Playstation 3 which can cost double the price of a Wii or more," Fleming continued. "They're just different markets, and nobody's going to want to invest in more games for their 1st gen Xbox or Playstation 2. What does make sense for them is to turn to a video game rental program while Wii supply catches up with Wii demand. It's the perfect solution."
Industry sources say that Nintendo is leaving as much as a billion dollars on the table this season by not having enough consoles to meet demand. That equates to some five million machines. "We love the Wii," says Fleming, "and when customers are lucky enough to get one we have the games to keep them happy, but if they don't we're ready and able to keep their old game platform well-supplied with great game titles until they get the Wii of their dreams."
About GameZnFlix, Inc.
GameZnFlix is primarily an online video game and movie rental service that also allows its subscribers to have access to VOD movies for purchase. With memberships starting as low as $8.99, subscribers can rent both video games and movies with no late fees or due dates. Membership for rental services is located on the Internet at www.gnfgames.com; and VOD is located at www.gnfdigital.com. A subscriber can purchase titles at a discounted rate at www.gnfgames.com.
Notice: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Source: CNN