| World Gaming PLC Board Appointments |
World Gaming PLC
(OTC BB: WGMGY), is pleased to announce the appointment of Mr. Michael R.
Cumming and Mr. Jonathan C. Moss to the Company's Board of Directors effective
March 1, 2005.
In strengthening the depth and breadth of experience amongst the Board,
Mr. Cumming has been appointed as a non-executive director. Mr. Cumming has
over 35 years of experience in the field of Private Equity. Mr. Cumming's
experience includes 14 years as the Managing Director of Barclays Private
Equity which he expanded from a London base into a company with nine offices
worldwide. He is currently Chairman of a number of fund management and venture
fund companies, both private and public. His qualifications include an MBA
from the Stanford Graduate School of Business Administration, Palo Alto,
California.
The Company recognises that strength in management is critical as it
enters a new phase of growth in realising its strategic direction as described
to Shareholders. One of those strategies that the Board continues to exploit
is a flexible licensing model targeting both existing e-gaming companies and
new white-label partners. The Company is therefore delighted with the
appointment of Mr. Moss, who was appointed as Sales and Marketing Director in
January of 2005. Mr. Moss previously held the position of Business Development
Director at WagerLogic Limited, the licensing and services subsidiary of
CryptoLogic Inc., where he was responsible for attracting brand-name clients
to CryptoLogic's casino and poker solutions including Betfair, Littlewoods
Gaming, The Ritz Club of London and ukbetting PLC.
Commenting on the appointments, CEO Mr. Daniel Moran said:
"The Company's ability to attract strong candidates to its Board of
Directors is testament to the soundness of the Company's strategic direction.
I am delighted that Mr. Moss and Mr. Cumming are joining the Board; their
participation will be invaluable as we enter our next stage of growth."
Corporate Background
World Gaming PLC is a UK-based I-gaming software and e-business services
company. The Company is an international licensor, and provider of online
gaming products, including casino, sportsbook, and pari-mutuel betting. For
more information about World Gaming PLC, visit the Company's Web site at
http://www.worldgamingplc.co.uk.
SSII, a wholly-owned subsidiary of the Group incorporated and operating
out of Antigua, licenses its gaming software to third parties for an initial
licensing fee and monthly royalties. Alea Software Inc., in participation with
World Gaming PLC, develops gaming software and web pages.
Contact:
Investor Relations
World Gaming plc
investor.relations@worldgaming.com
Special Note Regarding Forward-Looking Statements
We make certain forward-looking statements in this document 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. The Private
Securities Litigation Reform Act of 1995 provides a safe harbour for
forward-looking statements. To comply with the terms of the safe harbour, we
note that a variety of factors could cause our actual results and experience
to differ substantially from the anticipated results or other expectations
expressed in our forward-looking statements. When words and expressions such
as: "believes," "expects," "anticipates," "estimates," "plans," "intends,"
"objectives," "goals," "aims," "projects," "forecasts," "possible," "seeks,"
"may," "could," "should," "might," "likely," "enable" or similar words or
expressions are used in this document, as well as statements containing
phrases such as "in our view," "there can be no assurance," "although no
assurance can be given" or "there is no way to anticipate with certainty,"
forward-looking statements are being made. These forward-looking statements
speak as of the date of this document.
The forward-looking statements are not guarantees of future performance
and involve risk and uncertainties. These risks and uncertainties may affect
the operation, performance, development and results of our business and could
cause future outcomes to differ materially from those set forth in our
forward-looking statements. These statements are based on our current beliefs
as to the outcome and timing of future events, and actual results may differ
materially from those projected or implied in the forward-looking statements.
Further, some forward-looking statements are based upon assumptions of future
events which may not prove to be accurate. The forward-looking statements
involve risks and uncertainties including, without limitation, the risks and
uncertainties referred to in our filings with the Securities and Exchange
Commission, including our most recent Form 20-F.
We undertake no obligation to publicly update or revise any
forward-looking statements as a result of future developments, events and
conditions outside of our control. New risk factors emerge from time to time
and it is not possible for us to predict all such risk factors, nor can we
assess the impact of all such risk factors on our business or the extent to
which any factor, or combination of factors, may cause actual results to
differ significantly from those forecast in any forward-looking statements.
Given these risks and uncertainties, investors should not overly rely or
attach undue weight to our forward-looking statements as an indication of our
actual future results.
Source: PRNewswire
Monday, 14 March 2005
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