GameStop Announces Collaboration with PSA
Rhea-AI Summary
GameStop Corp. (NYSE: GME) has announced a collaboration with Collectors, through its Professional Sports Authenticator (PSA) division. As part of this partnership, GameStop will become an authorized PSA dealer, offering authentication and grading services for trading cards at select GameStop stores across the United States.
PSA is recognized as the world's largest and most trusted provider of trading card and autograph authentication and grading services. This collaboration aims to expand GameStop's offerings in the collectibles market and provide customers with access to professional grading services.
Customers can visit the GameStop website for a store locator and details on the GameStop/PSA submission process. For more information about PSA's authentication and grading services, interested parties can visit the PSAcard.com website.
Positive
- Expansion into the collectibles market through partnership with PSA
- Potential for increased foot traffic and revenue from card grading services
- Enhanced customer offering by becoming an authorized PSA dealer
Negative
- None.
News Market Reaction
On the day this news was published, GME declined 0.28%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
GRAPEVINE, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced it has entered into a collaboration with Collectors, through its Professional Sports Authenticator division (“PSA”). PSA offers the world’s largest and most trusted trading card and autograph authentication and grading services. As part of this collaboration, GameStop will become an authorized PSA dealer, and PSA will provide authentication and grading services for trading cards through select GameStop stores across the United States. Please visit http://www.gamestop.com/card-grading-service for a store locator and summary of the GameStop/PSA submission process, and visit PSAcard.com to learn more about PSA’s authentication and grading services.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS - SAFE HARBOR
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon management’s current beliefs, views, estimates and expectations and are subject to risks described in in the Company’s periodic filings made from time to time with the SEC and available at www.sec.gov or on the Company’s investor relations website (https://investor.gamestop.com). For example, forward-looking statements include statements regarding when the Company anticipates reconvening its annual meeting of stockholders. Forward-looking statements contained in this press release speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Contact
GameStop Investor Relations
817-424-2001
ir@gamestop.com
FAQ
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