Cash Systems, Inc. Appoints Michael D. Rumbolz to Chief Executive Officer.MINNEAPOLIS -- Cash Systems, Inc. (Amex: CKN CKN Camp Kesem National (summer camps for children of cancer patients) ), a provider of cash access solutions for the gaming industry, today announced the appointment of Michael D. Rumbolz to Chief Executive Officer, effective January 1, 2005. Craig Potts, who resigned as President 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. effective January 1, 2005, will continue as a part-time employee focusing on sales and business development opportunities. "Mike is a very experienced executive that the Board and I are confident will help the Company as it scales-up its operations, drives additional technological improvements and better serves our rapidly growing customer base," commented Craig Potts. Michael D. Rumbolz stated, "This is a dynamic and innovative company with strong customer relationships and significant growth opportunities. I look forward to leading Cash Systems through this very exciting time in the cash access industry." Michael D. Rumbolz has over 20 years of experience in the gaming industry. Mr. Rumbolz is the former Vice Chairman and board member of Casino Data Systems, prior to its acquisition by Aristocrat. He also served as the President and Chief Executive Officer of Anchor Gaming, from 1995-2000. Prior to joining Anchor, Mr. Rumbolz was Director of Corporate Development for Circus Circus Circus Circus is used as the name for two casinos:
Mr. Rumbolz received his bachelor's degree in political science with honors from the University of Nevada University of Nevada could refer to either of the universities in the Nevada System of Higher Education:
About Cash Systems, Inc. Cash Systems, Inc., located in Minneapolis and Las Vegas, is a provider of cash access and related services to the retail and gaming industries. Cash Systems' products include its proprietary cash advance systems, ATMs and check cashing solutions. Please visit http://www.cashsystemsinc.com for more information. This press release may contain 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. , including the Company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, the successful execution of the Company's plan of operation, changes in the Company's anticipated earnings, continuation of current contracts, gaming and other applicable regulations, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. In addition, the factors underlying Company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The Company does not undertake to update any forecasts that it may make available to the investing public. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion