Social game developer SunGame Corp. has signed a letter-of-intent to merge with Nevada-based Freevi Corporation. The merged entity will be renamed Freevi Corporation.
The merger is a strategic fit for both companies. Freevi will utilize SunGame’s technical resources both for its expansion into the exploding virtual game market as well as its current product development, and will be trading as a reporting company on the OTC:BB market. SunGame gains from the massive potential exposure Freevi will bring when it launches on a wide scale in 2011.
The company will maintain a joint board and executive team led by Guy Robert, CEO of SunGame, Ranulf Goss, IT Director, SunGame, and Neil Chandran, President of Freevi.
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