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: GamePolitics.comA Look Inside the Profitability of Used Games
By pete_gallagher
If any doubt remains about how lucrative the used videogame market is, news from a company that specializes in the field should remove such misgivings.
A Maryland-based company called Gamers Factory completed a public stock swap with City Language Exchange in late February, while simultaneously executing a private placement with investors that netted the company $3.9 million. The merged company now operates under the name of Game Trading Technologies and is public, trading under the symbol GMTD on the OTC Bulletin Board.
Armed with the new funds, Game Trading Technologies just acquired more than 320,000 used videogames and accessories from a 'national retail firm.'
Full post as published by GamePolitics.com on March 17, 2010 (boomark / email).
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