RENO, Nev., June 24, 2011 /PRNewswire/ -- GameTech
International, Inc. (NASDAQ: GMTC), a leading supplier of
electronic bingo equipment and video lottery terminals, announced
today that Kevin Painter has been
named as President and Chief Executive Officer of the company. Mr.
Painter's appointment as President and Chief Executive Officer
became effective on June 21, 2011,
but remains subject to regulatory approvals.
Mr. Painter joined the GameTech Board of Directors on
April 13, 2011 and was recently
appointed as Chairman of the Board. Mr. Painter's background
includes more than 15 years of experience developing and managing
manufacturing entities throughout China and Southeast
Asia. This experience includes having served as Chairman of
IBM Technology Products Co., IBM Corporation's first wholly owned
manufacturing entity in China, and
as Director and Chief Financial Officer of Hailiang Storage
Products Co., an IBM joint venture in Shenzhen, China.
GameTech International, Inc. is in the business of designing,
manufacturing, and marketing computerized bingo and gaming
equipment, systems, and services. Under the GameTech® product brand
the company provides electronic bingo systems and equipment, and is
an innovator in advanced wireless gaming applications and devices.
Under the Summit Gaming ™ product brand the Company provides video
lottery terminal devices, gaming equipment, and related software
and content. GameTech International, Inc. serves customers in 43
U.S. States, Canada, Japan, Mexico, Norway, Philippines, and the United Kingdom. The company was incorporated
in 1994 and is headquartered in Reno,
Nevada.
This press release includes various "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, which represent GameTech expectations or beliefs
concerning future events. Statements containing expressions such as
"believes," "anticipates," or "expects," used in the Company's
press releases and periodic reports on Forms 10-K and 10-Q filed
with the Securities and Exchange Commission ("SEC"), are intended
to identify forward-looking statements. All forward-looking
statements involve risks and uncertainties. Although the Company
believes its expectations are based upon reasonable assumptions
within the bounds of its knowledge of its business and operations,
there can be no assurances that actual results will not differ
materially from expected results. The Company cautions that these
and similar statements included in this report are further
qualified by important factors that could cause actual results to
differ materially from those in the forward-looking statements.
Readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date
thereof. GameTech undertakes no obligation to publicly release any
revisions to such forward-looking statements to reflect events or
circumstances after the date hereof.
SOURCE GameTech International, Inc.