GameTech International, Inc. Announces Bud Glisson as Chief Executive Officer
February 24 2010 - 7:45PM
PR Newswire (US)
RENO, Nev., Feb. 24 /PRNewswire-FirstCall/ -- 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(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, or Sales and Marketing, Tim Minard, both
for GameTech International, Inc., +1-775-850-6000 Web Site:
http://www.gametech-inc.com/
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