| GK Intelligent Systems Closes Agreement With Ascendant TSG HOUSTON--(BUSINESS WIRE)--Aug. 24, 2004--GK Intelligent Systems Inc. (OTCBB:GKIG - News), a publicly held micro-marketing company with entertainment and technology subsidiaries, announced today that its share exchange with Houston-based Ascendant TSG closed on August 19, 2004. Under the agreement, GKIG issued undisclosed equity in return for 100% ownership of the current issued and outstanding shares of Ascendant TSG. The transaction was arranged by Stanton, Walker & Company, a New York-based consulting firm retained by GKIG. According to the president and CEO of GK Intelligent Systems Inc., Gary Kimmons, "We are pleased to complete our agreement with Ascendant and look forward to a profitable relationship." Julie Maranto, president and COO of Ascendant, commented, "We are delighted at the prospect of joining the GKIG team, and feel this is a perfect fit both for our customers and for the employees of Ascendant. This is a great marriage of technologies, a market, and a business perspective." About Ascendant TSG Founded in 1992, Ascendant TSG (http://www.ascendanttsg.com) is a privately held, Houston-based full service provider of quality collaborative e-business process software, process consulting, rapid Web development and hosting services. Ascendant TSG has assembled an excellent team of seasoned professionals. Led by an executive team which draws upon years of experience in business and technology, Ascendant TSG provides a uniquely professional and productive approach to solutions provisioning. About GK Intelligent Systems GKIG is a micro-marketing company leveraging its public status and advanced software technologies to offer a new form of personalized sales and marketing service. GKIG has a business model that features "permission marketing," a targeted marketing approach designed to obtain enhanced information from the buyer-seller relationship. The Company acquires and operates profitable entertainment and technology subsidiaries that support this model. It also is developing a new subsidiary, Recording Artists Worldwide (RAWW!), which will feature permission marketing in the music marketplace. For more information on GK Intelligent Systems please visit the corporate Web site, www.gkis.com, and its music entertainment subsidiary's Web site, www.RAWW.com. Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. ------------------------------------------------------------------------
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