Lottery Industry Veteran Connie Laverty Joins GTECH as Senior Vice President and Chief Marketing Officer
26 April 2006 - 12:00AM
PR Newswire (US)
WEST GREENWICH, R.I., April 25 /PRNewswire-FirstCall/ -- GTECH
Holdings Corporation (NYSE:GTK) today announced that Cornelia
"Connie" Laverty has joined GTECH as Senior Vice President and
Chief Marketing Officer, reporting to GTECH President and CEO W.
Bruce Turner. "Connie is a well-known and respected senior
executive with more than 30 years of continuous experience in the
lottery industry. She brings a knowledge base that is difficult to
match, having overseen and directed almost all aspects of operating
a lottery," said GTECH President and CEO W. Bruce Turner. "Connie
has an exceptional track record within our industry and knows what
customers are looking for in a vendor. She is prepared to
successfully direct GTECH's marketing solutions to better serve our
client base." As Senior Vice President and Chief Marketing Officer
of GTECH, Connie will help drive overall strategic direction of the
Company while providing strong leadership and direction to the
marketing function. She will be responsible for the review and
enhancement of marketing processes, measurements, and information
systems that are necessary to operate effectively and achieve
business objectives. Connie will also identify market trends and
long-range market opportunities for product development, content
development, sales, and potential acquisitions. For the past year,
Connie served as Chief Operating Officer for the Georgia Lottery
Corporation, overseeing the management of finance, administration,
operations, IT, sales and marketing, promotions, and new game
planning and development. Prior to Connie's tenure with the Georgia
Lottery, she spent over 30 years with the New York Lottery. Her
final 14 years in New York were spent as Director of Marketing
& Sales, helping increase sales from $2.6 billion annually to
over $6.2 billion annually. She also served as Deputy Director of
Operations for the New York Lottery for five years, with various
positions preceding that role in operations, finance, television
production, drawings direction, and administration. Connie received
a B.A. in English and Psychology from Empire State College in
Albany, New York and an M.A. in English and Psychology from State
University of New York at Albany. Certain statements contained in
this press release are forward looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. The Company identifies
forward looking statements by words such as "may," "will,"
"should," "could," "expect," "plan," "anticipate," "intend,"
"believe," "estimate," "continue," or similar words that refer to
the future. Such statements include, without limitation, statements
relating to the prospects and financial outlook for the Company,
which reflect management assumptions regarding: (i) the future
prospects for and stability of the lottery industry and other
businesses in which the Company is engaged or expects to be
engaged, (ii) the future operating and financial performance of the
Company (including, without limitation, expected future growth in
revenues, profit margins and earnings per share), and (iii) the
ability of the Company to retain existing business and to obtain
and retain new business. Such forward looking statements reflect
management's assessment based on information currently available,
but are not guarantees and are subject to risks and uncertainties
that could cause actual results to differ materially from those
contemplated in the forward looking statements. These risks and
uncertainties include, but are not limited to, those set forth
above, in the Company's subsequent press releases and on reports by
the Company on Forms 10-K, 10-Q and 8-K, and other reports and
filings with the Securities and Exchange Commission, as well as
risks and uncertainties respecting: (i) the potential impact of
extensive and evolving government regulations upon the Company's
business; (ii) the ability of the Company to continue to retain and
extend its existing contracts and win new contracts; (iii) the
possibility of slower than expected growth or declines in sales of
lottery and gaming goods and services by the Company or the
Company's customers; (iv) exposure to foreign currency
fluctuations; (v) risks and uncertainties inherent in doing
business in foreign jurisdictions; (vi) the relatively large
percentage of the Company's revenues attributable to a relatively
small number of the Company's customers; (vii) the possibility of
significant fluctuation of quarterly operating results; (viii) the
intensity of competition in the lottery and gaming industries; (ix)
the possibility of substantial penalties under and/or termination
of the Company's contracts; (x) the ability of the Company to
respond to technological change and to satisfy the future
technological demands of its customers; (xi) opposition to
expansion of lottery and gaming; (xii) the Company's ability to
attract and retain key employees; and (xiii) the possibility of
adverse determinations in pending legal proceedings. GTECH is a
leading gaming technology and services company. With more than $1.3
billion in annual revenues and 5,300 people in over 50 countries,
GTECH provides integrated technology, creative content, and
business services to effectively manage and grow today's evolving
gaming markets. In targeted emerging economies, GTECH also
leverages its operational presence and infrastructure to supply
commercial transaction processing services. For more information
about the Company, please visit GTECH's website at
http://www.gtech.com/. Contact: Robert K. Vincent Public Affairs
GTECH Corporation 401-392-7452 DATASOURCE: GTECH Holdings
Corporation CONTACT: Robert K. Vincent, Public Affairs of GTECH
Corporation, +1-401-392-7452 Web site: http://www.gtech.com/
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