Empire Global Corp. to Acquire Online Gaming Operator in Italy

TORONTO - May 20, 2014 - PRLog -- TORONTO, NEW YORK and ITALY, May 19, 2014 - Empire Global Corp. (the company) (EMGL.OTCQB) announced today the entry into a Material Definitive Agreement to acquire Multigioco Srl. a licensed gaming operator based in Rome, Italy. The Agreement has a closing date of June 30, 2014 or sooner if practicable and if mutually agreed upon in writing by the parties to the Agreement.

Multigioco, established in 2011, is licenced under the Italian national gaming authority Amministrazione Autonoma Monopoli di Stato (AAMS).

The transaction is subject to the completion of Acquisition or Disposition of Assets to take effect upon the receipt of the audited financial statements of Multigioco in accordance with the requirements of the Securities and Exchange Act.

On Closing, the company will make an initial payment of 750,000 Euro plus 3,000,000 common shares and make earn-in payments to a maximum of 3,000,000 Euro over a period of 3 years from the closing date based on EBITDA performance requirements. The transaction will result in Empire Global owning 100% of the issued and outstanding shares of Multigioco Srl. which includes all the assets, intellectual property, operations and licences governed under AAMS in Italy.

Multigioco has over 850 venues under its licence mainly situated throughout Central and South Italy, with an extensive current on-line platform and certified for PosteItalia, MasterCard, Visa and Skrill Gaming Card use and with mobile applications on the horizon. Multigioco operations generated 71 million Euro in Gross Gaming Revenue (GGR) in 2013. Game offerings are currently comprised of Sports betting and lottery terminals which represents the largest turnover through Soccer, Horse Racing and other sports as well as Lottery distribution. Other significant offerings are Casino and Cash Games (Cards), Slots and Bingo, while to a lesser degree various VLT games (i.e. tantalizing games).

Michael Ciavarella, Chairman and Chief Executive Officer of Empire Global Corp., comments, "The acquisition of Multigioco represents our commitment to developing our business in the global gaming and wagering space.

We will continue to aggressively pursue attractively priced, fragmented and profitable gaming operators in Italy and beyond with a goal to become a top tier gaming operator over a 5 year investment time horizon."

About Empire Global Corp.

Empire Global Corp. is a development stage company engaged in developing as a online gaming operator based in Italy. Additional information may be found on our website at www.emglcorp.com

Forward Looking Statements

Information in this news release may contain statements about future expectations, plans, prospects or performance of Empire Global Corp., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "plan", "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Empire Global Corp. cautions you that any forward-looking information provided by or on behalf of Empire Global Corp. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Empire Global Corp.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Empire Global Corp.'s control. All such forward-looking statements are current only as of the date on which such statements were made. Empire Global Corp. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.