dot com Entertainment Group, Inc. Appoints New CEO and Enhances Its Board Of Directors.Business Editors & High-Tech Writers TORONTO--(BUSINESS WIRE)--Nov. 14, 2002 dot com dot com - com Entertainment Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DCEG DCEG Division of Cancer Epidemiology and Genetics (NCI) DCEG dot com Entertainment Group, Inc. ), a supplier of soft gaming technologies and services to the e-gaming industry, announced today the appointment of Mr. David Outhwaite to the position of Chief Executive Officer and as a member of the Board of Directors. "We are delighted that David accepted our offer to join dot com as the most senior executive officer and as a member of our board of directors," said Scott White, dot com'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. . "David's experience as a successful senior executive and board director within the software industry generally, will have a significant and immediate positive impact on our quest to compete internationally as a major supplier to this exciting and evolving industry. As a senior executive officer, director and co-founder of this company, I am pleased to relinquish the position of Chief Executive Officer to David," continued Mr. White, "and I look forward to serving with David under his professional management." Mr. Outhwaite served as the Chief Operating Officer and Vice President of Compliance and Regulatory Affairs Regulatory Affairs (RA), also called Government Affairs, is a profession within regulated industries, such as pharmaceuticals, medical devices, energy, and banking. Regulatory Affairs professionals usually have responsibility for the following general areas: n. The study of cryptanalysis or cryptography. cryp to·log , Inc. from April, 2000 to August, 2002. David has held executive management positions at Informix Software (Canada), Sybase Canada, Control Data Systems and Philips Information Systems. He has had an extensive career managing growing technology companies upwards to several hundred people and has led international expansion into European and Pacific markets. David brings extensive executive and operational management experience garnered from 28 years in the information technology industries. As Chief Executive Officer, David will play a vital role in advancing dot com as a recognized player in the supply of on-line gaming technologies to an international client-base. In addition to the appointment of David Outhwaite, dot com also announced the appointment of Michael D. Lipton to its board of directors. Mr. Lipton is a senior partner with Elkind, Lipton & Jacobs LLP LLP - Lower Layer Protocol and joins dot com's board of directors with a considerable record in advising both public and private sector clients on a wide range of land-based and Internet gaming industry issues across North America. He has also been engaged as counsel by the Ontario Provincial government and various provincial regulatory authorities on numerous administrative and public law matters. Mr. Lipton graduated from Osgoode Hall Law School
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 State in 1985. He is a member of the editorial board of the Gaming Law Review and the International Travel Law Journal and has authored and co-authored several papers in the areas of bankruptcy law, consumer law, gaming law, human resources law, hospitality law and anti-money laundering legislation. He is a founding member of the International Masters of Gaming Law Association and is also a member of the International Association of Gaming Attorneys and also participates with many groups in his areas of interest. Mr. Lipton was awarded the Medal of Service by the City of Toronto and was awarded the Commemorative Medal for the 125th Anniversary of the Confederation of Canada by the Government of Canada The Government of Canada is the federal government of Canada. The powers and structure of the federal government are set out in the Constitution of Canada. In modern Canadian use, the term "government" (or "federal government") refers broadly to the cabinet of the day and . "We are delighted that Mr. Lipton has accepted our invitation to join our board", said David Outhwaite dot com's 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. . "Mr. Lipton has recently been appointed as the Chairman of our Governance, Compliance and Compensation Committee where he will actively assist us in compliance with evolving international gaming laws and corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. matters recognizing the recent legislative changes in the U.S. We have benefited from Mr. Lipton's advice in the past and, given the ever-expanding complexity of regulation and legislation in the international gaming and public markets environment, his guidance to our board and management teams will be invaluable. Mr. Outhwaite and Mr. Lipton's appointments to dot com's board of directors, are as a result of the resignations of Mr. Ken Lusk and Mr. George White, which occurred earlier in 2002. Mr. Lusk resigned in order to concentrate on his other business interests, while Mr. White resigned to create a vacancy on the board, which could be filled by an outside director. We wish to thank both Mr. Lusk and Mr. White for their contributions to dot com, having been incumbent as board members since the company went public in 1999. We wish them both great success in their future business endeavours. dot com is a leading supplier of Internet gaming technology, being one of the first companies in the world to develop and license multi-play, pay-for-play Bingo technology. dot com files annual and quarterly reports with the SEC. Certain statements in this news release, including, but not limited to, statements containing the words "anticipates", "believes", "expects", 'intends", "will", "may" and similar words constitute forward-looking statements within the meaning 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. Such forward-looking statements are based on the Company's current expectations and involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from any future results or performance expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include the uncertainty relating to the lawfulness of Internet gaming, dot com's ability to profitably expand its products and services to new markets and customers and continued industry acceptance of, and the risk of technological obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. related to, dot com's game systems, among others. |
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