World Gaming Announces Two Key Appointments.Business Editors ST. JOHN'S, Antigua--(BUSINESS WIRE)--June 14th, 2001 Global I-gaming company appoints director of product development and augments customer relations through key promotion World Gaming plc (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 OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :WGMGY), a global pioneer in I-gaming technologies, announced two key appointments as new 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. Michael Aymong continues to execute the company reorganization, with a focus on product development and customer service. Mike Steele has been hired as Managing Director of Inphinity Interactive and Liam Gillen has been promoted to Managing Director, Antigua Operations. "Liam brings 25 years of gaming experience to the table, while Mike has outstanding product development and operational planning expertise," said Aymong. "Mike and Liam will play an integral role in World Gaming's success." Steele now oversees all maintenance, upgrades, support and development of the company's proprietary software products, as well as the team that implements software integration at Inphinity Interactive, an operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of World Gaming that is based out of Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . Steele's immediate priority is to deliver World Gaming 3.2, a complete gaming software package that incorporates state-of-the-art gaming products, multiple back-office applications, and cutting-edge Windows Client and Java-based gaming experiences. World Gaming 3.2, which was showcased at the recent International I-Gaming Summit and Expo in Toronto, will be released July 31, 2001. "Feedback from those who have seen World Gaming 3.2 has been outstanding," said Steele. "This suite of software will again confirm World Gaming's position as an industry leader in I-gaming products." Steele has extensive experience in developing and executing product strategies for technology companies. Steele first worked with Aymong as a private consultant to telecommunications service provider A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. MetroNet (AT&T Canada) and later GT Group Telecom, in the areas of strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and market development. With GT, he consulted on the company's first retail take-to-market plan for its national expansion across Canada and participated in the analysis team that supported nearly $1 billion in acquisitions. Steele also implemented the service development process for TELUS TELUS Telemetric Universal Sensor Advanced Communications prior to its merger with BC TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom and led the marketing efforts for three software companies in Calgary. Gillen, who has managed the company's data centre and electronic transaction processing facility (operating system) Transaction Processing Facility - (TPF) A real-time mainframe operating system released by IBM around 1976. TPF is particularly suited to organisations dealing in very high I/O message switching and large global networks. in St. John's, Antigua for the past year, has taken on the added responsibility for World Gaming's licensee relations and player service. "I look forward to my new role at World Gaming," said Gillen. "We processed more than $2 billion in online wagers last year and can expect that number to grow in 2001. That means customer service, security and expanding our mission-critical facilities are my top priorities." Gillen brings a comprehensive understanding of gaming operations and vendor relationships to World Gaming through more than 25 years experience in casino operations. As well, his experience as a former licensee within the gaming industry provides an insight that is critical to developing and maintaining relationships with partners and licensees. About World Gaming plc World Gaming plc is a pioneer and leader in I-gaming software and e-commerce technologies. World Gaming is an international developer, licensor and provider of the industry's most comprehensive offering of online gaming products, including casino, sports book and pari-mutuel betting. 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. Statement 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: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing, evaluation and deployment of products, fraud occasioned upon licensees of World Gaming, regulation of the online gaming industry, and other risks detailed from time to time in World Gaming's filings with the Securities & Exchange Commission. We assume no responsibility for the accuracy and completeness of these statements and are under no duty to update any of the forward-looking statements contained herein to conform these statements to actual results. This is not an offer to sell or a solicitation of an offer to purchase any securities. |
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