GameTech International, Inc. Announces Two New Additions to Its Board of Directors
19 February 2010 - 12:03PM
PR Newswire (US)
RENO, Nev., Feb. 18 /PRNewswire-FirstCall/ -- GameTech
International, Inc. ("GameTech®") (NASDAQ:GMTC), a leading
designer, developer and manufacturer of electronic bingo, gaming
equipment, gaming systems, and video lottery terminals, today
announced that Floyd "Bud" Glisson and Steven M. Rittvo have been
elected to serve as directors for the company, pending applicable
regulatory approval. The announcement was made by GameTech
Chairman, Richard Fedor, who stated, "We are very pleased and
excited to welcome Mr. Glisson and Mr. Rittvo to our Board of
Directors." Fedor added, "Mr. Rittvo is a highly respected figure
in the gaming industry who will add a valuable perspective and
further complement our current Board. Likewise, Mr. Glisson's
gaming background and executive leadership experience make him
ideally suited for our Board. I am confident that Bud and Steve
will be important contributors to our Board and I look forward to
working with them." Floyd "Bud" Glisson has extensive leadership
experience in both the private sector and in the gaming industry.
He joined the board of directors of Acres Gaming, Inc. in 1997, was
appointed to serve as CEO in 1998, and in 2000 also became
Chairman. Mr. Glisson served as both CEO and Chairman of Acres
Gaming until the company became a subsidiary of International Game
Technology, Inc., in 2003. Under Mr. Glisson's leadership, Acres
Gaming became a global leader in gaming systems technology. Mr.
Glisson has also served as Senior Vice President, Finance and
Administration and Chief Financial Officer for ConAgra Grocery
Products Company, a unit of ConAgra, Inc., from April 1995 to July
1998. Most recently, Mr. Glisson's experience includes roles as
managing member of several private investment funds. Steven M.
Rittvo is the Chairman and CEO of The Innovation Group, a gaming,
hospitality and leisure industry consulting firm that Mr. Rittvo
co-founded in 1993. In his various roles with the Innovation Group,
Mr. Rittvo has advised and participated in gaming studies for
clients ranging from Caesars Entertainment, MGM Mirage, Pinnacle,
Mandalay Bay, Isle of Capri, Harrah's, Trump Hotels and Casinos, as
well as numerous Native American tribes and government agencies
throughout the United States and the world. Both Mr. Glisson and
Mr. Rittvo have been elected to serve as directors until the
company's 2010 Annual Meeting of Stockholders and will also be
nominated for re-election by the company's stockholders along with
five other current board members at the 2010 Annual Meeting of
Stockholders. 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 (TM) 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 DATASOURCE: GameTech International,
Inc. CONTACT: investors, Marcia Martin, +1-775-850-6000, or Sales
and Marketing, Tim Minard, +1-775-850-6000 Web Site:
http://www.gametech-inc.com/
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