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The World Poker Store, Inc. (OTC: WPKS) has completed a merger with Genuine Marketing Group Inc. (GMG), making GMG a wholly-owned subsidiary. Following this, a 1-for-10 reverse stock split occurred, changing the company name and stock symbol to GMGZ. Post-merger, GMG shareholders hold approximately 90% of the outstanding common stock, reducing WPKS shareholders' ownership to about 10%. The company increased its authorized capital to 750 million common shares and 50 million preferred shares.
Genuine Marketing Group Inc. has appointed William Le Voir-Barry as Chief Technology Officer and Board Member, effective July 15, 2022, following the pending merger with The World Poker Store Inc. (OTC: WPKS). With over a decade of experience in Blockchain, Cloud, and AI, Le Voir-Barry aims to enhance GMG's offerings through technology and app development. As part of this transition, he will lead the company's crypto exchange and Reward/Utility Token initiatives, focusing on consumer value and brand engagement.
World Poker Store Inc. (OTC: WPKS) has finalized its merger with Genuine Marketing Group Inc. following necessary state certifications. The merger, effective July 15, 2022, will transition GMG into a wholly owned subsidiary of WPKS, with GMG shareholders receiving one share of WPKS for each GMG share they own, resulting in them holding 90% of the combined entity. Additionally, the company will undergo a reverse stock split and change its name to Genuine Marketing Group Inc., while increasing its authorized shares to 750 million common and 50 million preferred shares.
On May 7, 2022, World Poker Store Inc. (OTC: WPKS) signed a definitive merger agreement with Genuine Marketing Group Inc. (GMG), a marketing firm utilizing IBM blockchain technology for product authentication. The merger aims to leverage GMG's ZPtag app, addressing the projected $3 trillion issue of counterfeit goods in 2022. This partnership positions WPKS to enhance consumer engagement and build brand trust through innovative marketing solutions.
World Poker Store signed a letter of intent on May 9, 2022, to merge with Genuine Marketing Group. GMG specializes in retail marketing, using its ZPtag system for brand authentication combining mobile app engagement and IBM's blockchain technology. This merger aims to enhance consumer trust and engagement in the shopping experience, leveraging real-time product tracking and authentication. The partnership with IBM allows for an enriched data experience for users, integrating brand marketing with consumer sentiment analysis.
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