Alizadeh Steps Down as MGAM Director.Business Editors & High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--Jan. 24, 2002 Multimedia Games Inc. (Nasdaq:MGAM MGAM Multimedia Games ) announced today that effective Jan. 1, 2002, Ali Alizadeh Ali Alizadeh (Persian: علي عليزاده, born May 3, 1981 in Shiraz, Iran) is an Iranian football player, who currently plays for IPL giants Esteghlal F.C. resigned as a director of Multimedia Games Inc. Alizadeh resigned his position to devote his efforts to forming an investment banking firm. Alizadeh has served as a director to Multimedia Games since August 1999 and will continue to serve as a consultant to the Company in the future. Gordon T. Graves, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "Ali has made a great contribution to our Company and we wish Ali success with his new endeavors. We look forward to working with Ali as a consultant and with his firm in the future." MGAM provides system services to gaming establishments. These services include designing and developing video lottery and interactive bingo bingo Game of chance played with cards having a grid of numbered squares corresponding to numbered balls drawn at random. When a number on the card is drawn, the players cover that number (should they have it); the game is won by covering a certain number of squares in a row games and TV game shows, delivering them over Betnet(tm), MGAM's proprietary broadband communication network, and providing interconnected electronic terminals for presenting these games to players. Betnet(tm) is a multi-channel network using intranets, local area networks, the Internet, closed-circuit satellite TV, and telephone lines. Additional information may be found at www.multimediagames.com. These comments, including any statements predicated upon or preceded by the words "potential," "believe," "expect," and "should," are considered "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of federal and state securities laws. Such statements are subject to a number of uncertainties that could cause the actual results to differ materially from those expected, including, but not limited to, those described under "Item 1. Description of Business - Risk Factors," contained in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended Sept. 30, 2001, which are incorporated herein by this reference. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion