"Further to GAME's announcement of 29th February
2012 and recent press speculation, the Group confirms that it
remains in discussions with its suppliers and lenders in
relation to terms of trade that allow the business to operate
within the facility provided by its banking syndicate, as
announced on 3 February 2012, and to meet its revised
strategic plan. While these discussions are ongoing, it has
not been possible to source new products from a number of
suppliers.
The Board of GAME is working actively to resolve these issues
as quickly as possible. This includes ongoing
discussions with suppliers, seeking access to the original
facility or alternative sources of funding, and reviewing the
position of all of its assets in the UK and international
territories.
It is uncertain whether any of the solutions currently being
explored by the Board will be successful or will result in
any value being attributed to the shares of the
Company."