Online Gaming IPOs Heating Up Sector

HOUSTON--()--GankIt.com (OTCQB: GANK), one of the fastest growing online auction sites, invites beleaguered Candy Crush fans to try an alternative to the sweet and colorful virtual pursuit. With 93 million people playing Candy Crush on a daily basis, it is a testament to the allure of casual online games.

King Digital Entertainment, which makes the Candy Crush Saga online game, went public this week. The U.K. based company, which lists on the New York Stock Exchange under the ticker symbol “KING” had annual revenue of $1.9 billion and a profit of $568 million in 2013, according to its prospectus.

“As King Digital launches its initial public offering, it is evidence of the popularity of online entertainment sites such as Candy Crush, which has fueled most of King’s growth,” said John Arnold, CEO of GankIt.com, commenting on the deal. He added, “The valuation of $7.6 billion for the IPO equals to a potential windfall for its investors in the newly hot market of mobile gaming.”

“If indulging in Candy Crush is starting to feel like the empty calories of real jellybeans and jawbreakers, we invite gamers to take a break and experience GankIt, where they can vie for laptops, cameras, gift cards and other popular items at deep discounts,” says Arnold. GankIt is free to join, offers free shipping regardless of item size, and members can enjoy the excitement and benefits of huge savings anywhere they use their iPhone, Android device or tablet.

In addition to great savings, GankIt members bid risk free through GankIt’s “Buy It Now” feature. By purchasing the item at the manufacturer’s suggested retail price (MSRP), bidders who don’t win the auction can recover 100% of their spent bids to use on other auctions.

GankIt offers the latest electronics and sought-after items from Apple (NASDAQ:AAPL) and others in an e-commerce setting alongside industry giants such as eBay (NASDAQ:EBAY) and Amazon (NASDAQ:AMZN).

To learn more about GankIt, visit www.gankit.com.

About GankIt Corporation (OTCQB: GANK)

GankIt Corporation is a publicly traded company on the OTC Market under the ticker symbol GANK. Headquartered in Houston, Texas, GankIt combines the excitement of the online auction in an e-commerce framework. GankIt.com is an entertaining, strategic and competitive online auction site where users have a chance to win brand new, factory-sealed merchandise. Consumers have fun while they vie for deep discounts on the hottest products, shipped directly to their doorstep.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of any past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.

Sources for data

http://www.ft.com/intl/cms/s/2/09c98cea-b025-11e3-8efc-00144feab7de.html#axzz2wtXi2P8y

http://money.cnn.com/2014/03/23/investing/king-candy-crush-ipo/

http://www.bloomberg.com/news/2014-03-18/apax-poised-to-score-10-000-gain-on-candy-crush-maker-s-ipo.html

Contacts

GankIt Corporation
John Arnold, CEO, 713-510-3559

Release Summary

GankIt.com, (OTCQB: GANK), one of the fastest growing online auction sites, invites beleaguered Candy Crush fans to try an alternative to the sweet and colorful virtual pursuit.

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Contacts

GankIt Corporation
John Arnold, CEO, 713-510-3559