Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the
“Company”), a leading technology company that is transforming how,
where and when the lottery is played, today announced that William
(Bill) C. Thompson Jr. has joined the Company’s expanded Board of
Directors.
Mr. Thompson is a Partner, Chief Administrative
Officer and Senior Managing Director at Siebert Williams Shank
& Co., LLC, the leading national women and minority owned
investment banking firm. Siebert Williams Shank has managed over $1
trillion of municipal bonds in more than 4,000 transactions for the
funding of multiple sectors including education, housing, capital
facilities, economic development, and general infrastructure
projects. Since 2019, Mr. Thompson has also served as
Executive Committee Member and Owner of American Triple I Partners,
LLC, which manages private equity investments in
infrastructure.
In addition, Mr. Thompson was twice elected as
Comptroller of the City of New York. As the NYC Comptroller, he led
a team of 720 employees, and oversaw the fifth largest public
pension fund in the U.S., safeguarding over $100 billion in assets
during one of the most challenging economic periods in history. As
Comptroller, he also managed a $66 million annual operating budget
and $36.5 million capital budget. He has also served on the Board
of Directors of SciPlay Corporation since April 2019 and currently
serves as the Chair of the Board of Trustees of the City University
of New York.
Mr. Thompson will become Chair of the Audit
Committee, replacing current Chair, Steven M. Cohen, who will
continue to serve as an Audit Committee member.
Additionally, the Company announced the
appointment of Ryan Dickinson as Chief Financial Officer and
President, Katie Lever as Chief Operating Officer and Chief Legal
Officer, and Matt Clemenson as Chief Revenue Officer.
Tony DiMatteo, Chief Executive Officer and
Chairman of Lottery.com, commented, “We welcome Bill and are
honored to have an individual of his talent and caliber join our
Board. With his deep financial and government experience in both
the private and public sectors, our entire organization will
benefit from his leadership.”
Mr. DiMatteo continued, “The promotions of Ryan,
Katie and Matt are important components in the implementation of
our long-term strategy and will optimize Lottery.com’s structure
for the future. We believe Ryan is a crucial player in our ongoing
build-out of our financial team. His extensive functional and
technical expertise in Lottery.com’s operations, as well as his
performance and experience as our Acting CFO, make him an ideal
choice for this role. Since joining Lottery.com, Katie has
demonstrated excellent leadership skills and the ability to
implement transformative processes and operational improvements
across business functions, which she will bring to the role of our
COO.” He added, “As Co-Founder of Lottery.com, Matt has a deep
understanding of our markets and business development opportunities
and will use these skills as we drive growth with our B2B partners
and affiliates. I am excited to continue working with this talented
leadership team and building on the success we have achieved
together.”
Ryan Dickinson will oversee
finance, technology, product and development in his new role. He
has served as Lottery.com’s President and Chief Operating Officer
since 2018 and as Acting Chief Financial Officer since 2021. Prior
to joining Lottery.com, Mr. Dickinson held leadership positions of
increasing responsibility at AccuWeather, Inc. and also served as
Senior Vice President of the Product Division at Multi-Ad Services,
Inc.
Katie Lever will oversee legal,
compliance, risk management, human resources, government relations,
investor relations, and project management in her new role. She has
over 25 years of legal and executive experience and has served as
Lottery.com’s Chief Legal Officer since 2021. She previously held
executive leadership positions at leading publicly-traded gaming
suppliers, including Scientific Games Corp., Bally Technologies,
Inc., SHFL entertainment, Inc., and Everi Holdings Inc., as well as
at Baha Mar during its opening and first year of operations. She is
a director of GBank Financial Holdings Inc. and an advisor to
several gaming technology companies.
Matt Clemenson will oversee B2B
sales and affiliate account management in his new role. He
co-founded Lottery.com with Mr. DiMatteo and served as its Chief
Commercial Officer until today’s appointment and also served as the
Company’s president from 2015 to 2019. Prior to co-founding the
Company, Mr. Clemenson was the Co-Chief Executive Officer and Chief
Technology Officer of a global concierge company, LesConcierges
Inc.
About Lottery.com
Lottery.com is a leading technology company that
is transforming how, where and when lottery is played. Its engaging
mobile and online platforms enable players located in the United
States and internationally to remotely purchase legally sanctioned
lottery games. Fans and subscribers look to Lottery.com for
compelling, real-time results on more than 800 lottery games from
more than 40 countries. Additionally, commercial partners and
affiliates can utilize LotteryLink to provide Lottery.com products
to their customers. Through WinTogether.org, Lottery.com is
fundamentally changing how non-profit donors are incentivized to
action by gamifying charitable giving. In all that it does,
Lottery.com’s mission remains the same: an uncompromising passion
to innovate, grow a new demographic of enthusiasts, deliver
responsible and trusted solutions, and promote community and
philanthropic initiatives. For more information, visit
http://www.lottery.com.
This press release contains statements that
constitute “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”), and Section 21E of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”). All statements, other
than statements of present or historical fact included in this
press release, regarding Lottery.com’s strategy, future operations,
prospects, plans and objectives of management, are forward-looking
statements. When used in this press release, the words “could,”
“should,” “will,” “may,” “believe,” “anticipate,” “intend,”
“estimate,” “expect,” “project,” the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. These forward-looking statements are based
on management’s current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. Except as otherwise required
by applicable law, Lottery.com disclaims any duty to update any
forward-looking statements, all of which are expressly qualified by
the statements in this section, to reflect events or circumstances
after the date of this press release. Lottery.com cautions you that
these forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of Lottery.com. In addition,
Lottery.com cautions you that the forward-looking statements
contained in this press release are subject to the following
factors: (i) the outcome of any legal proceedings that may be
instituted against Lottery.com; (ii) Lottery.com’s ability to
maintain effective internal controls over financial reporting,
including the remediation of identified material weaknesses in
internal control over financial reporting relating to segregation
of duties with respect to, and access controls to, its financial
record keeping system, and Lottery.com’s accounting staffing
levels; (iii) the effects of competition on Lottery.com’s future
business; (iv) risks related to Lottery.com’s dependence on its
intellectual property and the risk that Lottery.com’s technology
could have undetected defects or errors; (v) changes in applicable
laws or regulations; (vi) risks related to the COVID-19 pandemic
and its effect directly on Lottery.com and the economy generally;
(vii) risks relating to privacy and data protection laws, privacy
or data breaches, or the loss of data; (viii) the possibility that
Lottery.com may be adversely affected by other economic, business,
and/or competitive factors; (ix) the ability of Lottery.com to
achieve its strategic and growth objectives as stated or at all;
and (x) those factors discussed under the heading “Risk Factors” in
the Form S-1 filed by Lottery.com with the SEC on November 18,
2021, and the other documents filed, or to be filed, by Lottery.com
with the SEC. Should one or more of the risks or uncertainties
described in this press release materialize or should underlying
assumptions prove incorrect, actual results and plans could differ
materially from those expressed in any forward-looking statements.
Additional information concerning these and other factors that may
impact the operations and projections discussed herein can be found
in the reports that Lottery.com has filed and will file from time
to time with the SEC. These SEC filings are available publicly on
the SEC’s website at www.sec.gov.
Lottery.com Contact:Matthew
SchlarbVP, Investor Relations(512) 585-7789ir@lottery.com
or
Jody Burfening/Harriet FriedLHA Investor
Relations(212) 838-3777hfried@lhai.com
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