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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): May 7, 2009
Global Pari-Mutual Serivces, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Nevada 000-32509 88-0396452
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
1231 West Honeysuckle Lane
Chandler, AZ 85248
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code:
(415) 302-8621
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N/A
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(Former name, former address, and formal fiscal year, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)
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Item 7.01, and 8.01 Regualtion FD Disclosure, Other Events
On December 8, 2009, the Company issued the following press release.
Global Pari-Mutuel Services (GPRM) looks to increase revenues with the launch of
two new websites
In order to capture a more significant portion of the Advance Deposit Wagering
(ADW) market on horse, harness and dog racing in the United States and
internationally. GPRM, through its wholly owned subsidiary Royal Turf Club, has
just launched two new websites, RTCSportOfKings.com and TrackPlayer.com. These
two websites are the first of a series of websites GPRM plans to launch after
completing an extensive upgrade to their state of the art software.
GPRM generates revenue as a handling charge, not on wins or loses. The website
receives payment for each bet placed though the system.
ADW is the fastest growing segment of online horse and dog track wagering. Now
that all software upgrades have been completed, GPRM has created the most user
friendly websites for off track wagering available for racetrack gambling in the
United States today. These sites allow the user to place their wagers online and
then watch the results as the race comes live to them via streaming video. Users
can bet on many races from various race tracks around the country. Presently
users can set up accounts using their credit card. GPRM will also be offering an
e-check option in the next few weeks.
According to Mr. James A. Egide, founder and Chief Executive Officer said "these
two sites are the first of many that GPRM has planned to launch over the next
year. Since online wagering is the fastest growing segment of the market, we see
great opportunities to expand these distribution channels for market-specific
applications. Utilizing the new marketing data mining tools and social
networking options such as Facebook(TM) we have seen positive responses from the
initial test marketing we have done. With the core wagering applications now
complete, this provides us with the tools to expand into other revenue streams,
unlike any other wagering site."
GPRM provides secure wager processing services and develops secure, user
friendly websites focused on the growth of their business.
SAFE HARBOR ACT DISCLAIMER
The statements contained in this release and statements that the company may
make orally in connection with this release that are not historical facts are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Actual results may differ materially from those
projected in the forward-looking statements, since these forward-looking
statements involve risks and uncertainties that could significantly and
adversely impact the company's business. Therefore, actual outcomes and results
may differ materially from those made in forward-looking statements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Global Pari-mutuel Services, Inc.
Dated: December 8, 2009 By /s/ James A. Egide
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James A. Egide
Chief Executive Office
