Progressive Gaming International Appoints Thomas Galanty as Executive Vice President and Chief Technology Officer; Extensive Mission Critical Systems and Enterprise Software Experience.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Progressive Gaming International Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PGIC PGIC Pacific Gateway International College (British Columbia) ) (the Company), a leading provider of diversified technology and content products and services used in the gaming industry worldwide announced today that it has appointed Thomas Galanty to the post of Executive Vice President and Chief Technology Officer, effective June 20, 2005. Mr. Galanty will replace James Austin, who will retire June 30, 2005 after serving over five years with the Company. Mr. Austin will be assisting in the transition and serve as an advisor on various technical and regulatory projects. Prior to his arrival to the Company, Mr. Austin also served in a wide variety of technical roles with several high profile organizations, including Bell Labs for over 15 years. Mr. Galanty, a 20 year veteran in high value, mission critical systems environments, brings a wealth of experience in technical, international and executive leadership positions to the Company, including over 10 years in various technical positions at Honeywell, primarily in their advanced software and systems division. He also served in Honeywell's Asia Pacific operations where he established the necessary engineering capabilities through local resources in several countries that resulted in growth in revenue and earnings. In addition, Mr. Galanty served as a technical executive at Siebel Systems Siebel is a brand name of Oracle Corporation. Siebel Systems, Inc., founded by Thomas Siebel in 1993, was principally engaged in the design, development, marketing and support of CRM applications. , Inc, providing leadership in ebusiness solutions with Fortune 500 companies. Mr. Galanty holds a bachelors degree in chemical engineering from State University of New York (body) State University of New York - (SUNY) The public university system of New York State, USA, with campuses throughout the state. , Buffalo. President and Chief Executive Officer Russ McMeekin stated: "Tom will bring extensive experience and leadership in complex system software technologies to Progressive Gaming. The gaming industry is undergoing a unique technological transformation worldwide including technologies such as RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. , open software standards, secure networked-based server architecture, application and data integration, remote management, image recognition, wireless protocols and many other emerging standards that form the basis of our next generation systems. Progressive Gaming intends to play a key role in this technological transformation through expanded R&D acquisitions and partnerships, all underpinned by key talent and leadership. Tom's experience at Honeywell and Siebel Systems, who are world leaders For a list of heads of state, see . World leaders is a MMORPG. The game involves creating a state, joining an alliance and going into war. It is mostly played by players from Israel, China, USA, Britain, Brazil and Saudi-Arabia. in these arenas, will be mission critical to our long term success. Our organization is honored to have Tom as a member of our team." About Progressive Gaming International Progressive Gaming International is a leading supplier of Integrated Casino Management Systems Software and Games for the gaming industry worldwide. The Company develops and distributes an expanding array of slot and table games, plus management and progressive jackpot A progressive jackpot is a jackpot (highest payoff) for a gaming machine (usually a slot machine or video poker machine) where the value of the jackpot increases a small amount for every game played. software systems. The Company is unique in the industry in offering management, progressive systems and games as a modular yet integrated solution. There is a Progressive Gaming International product in virtually every casino in the world. For further information, visit www.progressivegaming.net. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statements under 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: This release contains forward-looking statements. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, risks related to delay in the introduction of new products, rights licensed from content providers, the Company's ability to enforce its intellectual property rights, including rights licensed from third parties, the risk that patents may exist of which the Company is not aware, or that existing patents may provide benefits to third parties beyond those anticipated by the Company, the Company's ability to meet its capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. , relationships with casino operators, the overall industry environment, customer acceptance of the Company's new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of privileged operating licenses by governmental authorities, competitive pressures and general economic conditions as well as the Company's debt service obligations. For a discussion of these and other factors which may cause actual events or results to differ from those projected, please refer to the Company's most recent 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. and quarterly reports on Form 10-Q Form 10-Q See 10-Q. , as well as other subsequent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion