Chris McCarron Joins Board of Directors of Youbet.com.Business Editors WOODLAND HILLS, Calif.--(BUSINESS WIRE)--April 4, 2001 Youbet.com Inc. (Nasdaq:UBET), the leading online live event and wagering company for the horse racing horse racing, trials of speed involving two or more horses. It includes races among harnessed horses with one of two particular gaits, among saddled Thoroughbreds (or, less frequently, quarterhorses) on a flat track, or among saddled horses over a turf course with industry, today announced that Chris J. McCarron has joined its Board of Directors effective immediately. McCarron is filling the seat made available as former Director Charles D. Peebler Jr. steps down from the Board. With a distinguished and extensive background in horseracing, McCarron, Youbet.com's corporate spokesperson and product advisor since 1996, has raced thoroughbred horses Thoroughbred horse, breed of light horse more properly known as the English running horse. As its name implies, it was the first pedigreed, or "thoroughbred" horse. for the past 26 years and is recognized as the winningest jockey in terms of monies awarded, totaling more than $225 million. Having won approximately 7,000 races in his career including multiple Triple Crown and Breeder's Cup races, McCarron was inducted into the Thoroughbred Racing Hall of Fame in 1989. He is also a co-founder of the Don MacBeth Donald MacBeth (August 29, 1949 - March 1, 1987) was a Canadian jockey in Thoroughbred horse racing. Born in Red Deer, Alberta, Macbeth rode horses at Alberta racetracks before going to race in the United States. Fund, benefiting disabled jockeys, and currently serves as an Executive Director of the Jockey's Guild of America. Commenting on the announcement, Chairman and Chief Executive Officer Robert Fell, said, "Chris is a celebrated industry veteran who will bring widespread knowledge and resources to his Board position. His prominence and leadership in horse racing will be an invaluable asset as we pursue the ongoing expansion and development of the Youbet Network and continue to build the Youbet brand. "On behalf of the Board and management, I also wish to express my appreciation for all of Mr. Peebler's contributions as a Director. We wish him well in his future endeavors." Charles D. Peebler, Jr., Chairman Emeritus of True North Communications Inc., stepped down from Youbet.com's Board of Directors effective March 31, 2001. Peebler is also a Director of Valmont Industries Valmont Industries, Inc. (NYSE: VMI) is a large publicly held Nebraska-based manufacturer of Valley center pivot irrigation systems, windmill support structures, lighting and traffic poles, and steel utility poles. Inc. and Dreamlife Inc., and is a Managing Director of PLUM Capital LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . About Youbet.com In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Youbet.com currently provides network members the ability to watch and, in most states, the ability to wager on a wide selection of coast-to-coast thoroughbred and harness horse races Flat races Argentina
2. The law does not prohibit all wagers. are accepted and placed only by a state licensed wagering entity, currently the Ladbroke, Pennsylvania, facility. Youbet.com's role in the wagering process is limited to transmitting information related wagers to the licensed wagering facility. Members have 24-hour access to the network's features, including live racing from a choice of 61 racetracks in the U.S. and Canada, commingled track pools, live audio/video, up-to-the-minute track information, real-time wagering information and value-added handicapping products. For further information, visit www.youbet.com. 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. Press releases issued by Youbet.com may contain forward-looking statements, which are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expense Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. and other factors described in the company's filing with the Securities and Exchange Commission. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. You Bet is a registered trademark of Youbet.com Inc. All other brands and products referenced herein are the trademarks or registered trademarks of their respective holders. |
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