Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - GAMETECH INTERNATIONAL INC | form8-k.htm |
| EX-10.33 - LETTER AGREEMENT - GAMETECH INTERNATIONAL INC | form10-33.htm |
| EX-10.32 - GENERAL RELEASE - GAMETECH INTERNATIONAL INC | form10-32.htm |
Exhibit
99.1
Press
Release
SOURCE:
GameTech International, Inc
GameTech
International, Inc. Announces Bud Glisson as Chief Executive
Officer
Reno, NV
– GameTech International, Inc. (NASDAQ: GMTC), a leading supplier of electronic
bingo equipment and video lottery terminals, announced today that Floyd “Bud”
Glisson, a recent addition to its Board of Directors, has been named as
President and CEO-elect of the Company. Mr. Glisson’s appointment as
President and CEO is expected to become effective on March 15, 2010 and is
subject to regulatory approval.
GameTech
International Executive Chairman of the Board, Richard Fedor, made the
announcement after former President and CEO, Jay Meilstrup, tendered his
resignation from the Company and the Board, effective February 23,
2010. Mr. Fedor will serve as interim-President and CEO until March
15th.
“We are
very pleased that a person of Bud Glisson’s stature has agreed to lead
GameTech,” said Mr. Fedor. “He is an excellent complement to our management
team, with tremendous leadership experience in building and running a successful
gaming and technology business, as the CEO of Acres Gaming, as well as extensive
financial experience as the CFO of a multi-billion dollar unit of ConAgra. This
type of experience, understanding, leadership vision and skill is exactly what
GameTech needs to grow to the next level as the company of choice for players
and gaming operators.”
The
company previously announced Mr. Glisson’s appointment as a member of the
Board of Directors, on February 18, 2010. He has not been
appointed to serve on any committees of the Company’s Board of Directors at this
time.
GameTech
International, Inc. is in the business of designing, manufacturing, and
marketing computerized bingo and gaming equipment, systems, and
services. Under the GameTech® product brand the company provides
electronic bingo systems and equipment, and is an innovator in advanced wireless
gaming applications and devices. Under the Summit Gaming ™ product
brand the Company provides video lottery terminal devices, Class III gaming
machines, and related software and content. GameTech International,
Inc. serves customers in 43 U.S. States, Canada, Japan, Mexico, Norway,
Philippines, and the United Kingdom. The company was incorporated in
1994 and is headquartered in Reno, Nevada.
Statements
in this press release that are not historical facts are intended to be
forward-looking statements subject to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. GameTech cautions that
these statements are qualified by important factors that could cause actual
results to differ materially from those reflected by the forward-looking
statements contained herein. Such factors include risks associated with
doing business in a regulated industry, our ability to retain customers and
secure new customers, risks associated with rapid technological change, and
those disclosed in documents filed by the Company with the Securities and
Exchange Commission, including the Company's most recently filed Annual Report
on Form 10-K and Quarterly Reports on Form 10-Q. GameTech does not intend, and
undertakes no obligation, to update our forward-looking statements to reflect
future events or circumstances