Empire signs LOI to acquire gaming operator in Rome, Italy

NEW YORK - Dec. 26, 2013 - PRLog -- December 26, 2013 - Empire Global Corp. (the company) (EMGL.OTCQB) announced today the signing of a letter of intent to enter into a definitive agreement to acquire Newgioco Srl. a licensed gaming operator based in Rome, Italy.

Newgioco, established in 2001, operates 1 online and 3 land based gaming venues in Rome licenced under the Italian national gaming authority Amministrazione Autonoma Monopoli di Stato (AAMS).

The transaction is subject to the completion of a Material Definitive Agreement to take effect upon the completion of the audited financial statements of Newgioco in accordance with the requirements of the Securities and Exchange Act.

The company has agreed to pay 450,000 Euro to purchase 100% of Newgioco which includes all assets, intellectual property, licences and operations. The company intends to implement a complete overhaul and branding program to incorporate the previously announced development of the El Sabanero Beach Hotel and Casino in Costa Rica commencing on January 1, 2014.

Michael Ciavarella, Chairman and Chief Executive Officer of Empire Global Corp., comments, "The acquisition of Newgioco is a strategic stepping stone in our aggressive business build-out to become a dominantly positioned operator of leisure and gaming venues around the world.

This key acquisition for Empire Global brings with it highly experienced human capital to compliment the development of our business from our anchor Casino Resort property in Costa Rica."

About Empire Global Corp.

Empire Global Corp. is a development stage company with a view to acquire and operate a portfolio of revenue producing commercial properties in broad industry classifications primarily focused on the hospitality, resort, recreation and travel industry. Additional information may be found on our website at www.emgl.us.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. In addition to those discussed in Empire Global Corp.'s press releases, public filings, and statements by Empire Global Corp.'s management, including, but not limited to, Empire Global Corp.'s estimate of the sufficiency of its existing capital resources, Empire Global Corp.'s ability to raise additional capital to fund future operations, Empire Global Corp.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Empire Global Corp.'s capability to be awarded contracts. 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.

Contacts:
Michael Ciavarella, B.Sc.
Chairman and CEO
empireglobal@bell.net