Christopher Hassett to Step Down as President/COO of Uproar Inc.; Hassett to Remain on Board of Directors.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 25, 2000 Following the recent completion of Uproar Inc.'s (Nasdaq/EASDAQ:UPRO/UPROrs) acquisition of iwin.com, Uproar 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. Kenneth Cron announced that Christopher Hassett, Uproar's President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , will step down as President and COO of the company but will remain an active member of Uproar's Board of Directors. "Chris' contribution to this company has been invaluable, and I'm thankful to have had his support over the last 16 months," said Cron. "His vision has directly influenced Uproar's product mix and technology platforms; his relationships in the industry have led to many of Uproar's partnerships; and his involvement in our IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. helped secure the financing to take the company into the future. Chris is a good friend and, as a member of our Board of Directors, a trusted advisor to the company." "It has been exhilarating to work with Uproar and help drive it to its leadership position in the industry," said Hassett. "Uproar is a great company with a solid balance sheet, terrific products and some of the most talented senior managers in the Internet industry. I look forward to my continued involvement as a director of the Company." Hassett joined Uproar Inc. in July 1999 when Uproar acquired PrizePoint Entertainment, a company he co-founded in 1998. Hassett is an entrepreneur who has created and sold multiple companies in his career, including the PointCast Network of which he served as Chairman and Chief Executive Officer from November 1992 to October 1997. In 1996, Hassett was recognized as BusinessWeek's entrepreneur of the year and as CNET's person of the year. About Uproar Inc. Uproar Inc. is a leading interactive entertainment company. It operates a family of advertising-supported online entertainment sites, which make up the backbone of the Uproar Network, an extensive entertainment-based Internet advertising Delivering ads to Internet users via Web sites, e-mail, ad-supported software and Internet-enabled cellphones. Also called an "ad network," Internet advertising organizations act as a middleman between the advertiser and the Web sites and software publishers that display the ads. platform. Uproar Inc. sites include: uproar.com, a leading online entertainment destination offering games and game shows; iwin.com, a leading games-for-prizes and Internet lottery site; ibetcha.com, a peer-to-peer entertainment site offering users the opportunity to predict the outcome of real-world events for a chance to win prizes; and amused.com, a site featuring humor and entertainment. With more than 8.7 million unique users per month, the Uproar Network ranks among the Top-25 Web properties overall and reaches 11% of the U.S. online audience. Uproar sites are also available in 14 languages worldwide. Headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of with offices in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , London, Hamburg and Budapest, Uproar Inc. is publicly traded on the Nasdaq National Market system under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors UPRO and on the European Association of Securities Dealers' Automated Quotation system (EASDAQ See European Association of Securities Dealers Automated Quotation. ) under the ticker symbols UPRO and UPROrs. This press release contains statements of a forward-looking nature relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future events or future financial results of Uproar Inc. Investors are cautioned that such statements are only predictions and that actual events or results may differ materially. In evaluating such statements, investors should specifically consider various factors which could cause actual events or results to differ materially from those indicated in such forward-looking statements. Investors are directed to Uproar's reports and documents filed from time to time with the Securities and Exchange Commission and with EASDAQ for additional factors that should be considered before investing in Uproar's securities. |
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