| GK Intelligent Systems Announces Letter of Intent to Acquire Chung King Studios HOUSTON--(BUSINESS WIRE)--Nov. 15, 2004--GK Intelligent Systems Inc. (OTCBB:GKIG - News), a next-generation media and entertainment corporation, announced today that it signed a Letter of Intent to acquire Chung King Studios (www.chungkingstudios.com) in New York. The transaction was arranged by Stanton, Walker and Company, a New York-based consulting firm retained by GK. Chung King Studios, having been in operation since 1979, has maintained a high level of profitability when many other studios are experiencing financial difficulties. It has had the opportunity to work with some of the greatest in the music industry including Aretha Franklin, Snoop Dog, Usher, Eminem, James Taylor and Alicia Keys. Under founder and owner John King's direction, Chung King has produced records that have sold more than 300 million copies worldwide, generating over $4.5 billion. According to President and CEO of GK Intelligent Systems, Gary Kimmons, "We are extremely pleased to announce this Letter of Intent with Chung King Studios. With his in-depth knowledge of the music industry, John King has made Chung King into one of the most successful and respected audio recording and production facilities in the world. They have a proven record of success and bring intangible benefits to our Recording Artists WorldWide (RAWW) initiative." John King, president of Chung King commented, "By spawning the landmark commercial presence of Rap and its sub-genre, Hip-Hop, Chung King has found the formula for commercial success and is excited to extend that success to RAWW !. Our job is to produce, sell and package music and we think RAWW !, the next great successful business model in the music business, can help. We are honored to play a key part." About Chung King Studios Chung King Studios operates from a new state-of-the-art $10M facility in NYC, including five studios. The studio is a world-class facility used by Grammy(TM) Award-winning engineers. It includes the best recording consoles in the world along with top-of-the-line equipment. For more information please visit their corporate Web site, www.chungkingstudios.com. About Recording Artists Worldwide (RAWW!) RAWW ! is a lifestyle media and entertainment company with its origination in the music industry. In addition, the RAWW lifestyle is negotiating to expand to include fashion, broadcast media and film components. Recording Artists Worldwide is located in Aventura, Fla. About GK Intelligent Systems GKIG is a next-generation media and entertainment corporation providing a diversified portfolio of state-of-the-art entertainment and media resources. GK Intelligent Systems Inc. is located in New York. 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.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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