Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K D. WADE NEW BOD - SHFL entertainment Inc. | form_8-k02102010.htm |
EXHIBIT 99.1
 SHUFFLE MASTER, INC.
1106 Palms Airport Dr.
Las Vegas, NV 89119
www.shufflemaster.com |
| |
|
News Release
| ||
|
FOR FURTHER INFORMATION CONTACT:
Julia Boguslawski
Investor Relations
ph: (702) 897-7150
fax: (702) 270-5161 |
Timothy J. Parrott, CEO
Linster W. Fox, CFO
ph: (702) 897-7150
fax: (702) 270-5161
| |
Shuffle Master, Inc. Announces New Addition to its Board of Directors
LAS VEGAS, Nevada, Tuesday, February 9, 2010 - Shuffle Master, Inc. (NASDAQ Global Select Market: SHFL) (“Shuffle Master” or the “Company”) today announced that Daniel M. Wade has been appointed to the Board of Directors, effective February 5, 2010.
“Dan brings to our board significant experience and valuable perspective, having worked in the gaming industry for over 37 years, including 16 years holding various executive positions with the MGM Mirage, most recently as the Vice Chairman of the Board of Directors from 2003 to 2006,” noted Phillip C. Peckman, Chairman of the
Board of Directors for Shuffle Master. “He is well-known throughout the community and his considerable knowledge of gaming operations complements the strengths of our existing board members. I am confident that his proven leadership and insight will help guide Shuffle Master’s growth as the industry begins to recover from an unprecedented economic environment.”
"In my former roles as a senior executive in the gaming world, I have watched Shuffle Master build a proven track record of success by providing casinos with a multitude of solutions to enhance their floor profitability,” Daniel Wade stated. “I look forward to working with fellow board members and management, and
I am excited to participate in the Company’s continued growth.”
About Shuffle Master, Inc.
Shuffle Master, Inc. is a gaming supply company specializing in providing its casino customers with improved profitability, productivity and security, as well as popular and cutting-edge gaming entertainment content, through value-add products in four distinct categories: Utilityp roducts which include automatic card shuffler, roulette
chip sorters and intelligent table system modules, Proprietary Table Games which include live table game tournaments, Electronic Table Systems which include various e-Table game platforms and Electronic Gaming Machines which include traditional video slot machines for select markets. The Company is included in the S&P Smallcap 600 Index. Information about the Company and its products can be found on the Internet at www.shufflemaster.com.
1
###
Forward Looking Statements
This release contains forward-looking statements that are based on management’s current beliefs and expectations about future events, as well as on assumptions made by and information available to management. The Company considers such statements to be made under the safe harbor created by the federal securities laws to which it is
subject, and assumes no obligation to update or supplement such statements. Forward-looking statements reflect and are subject to risks and uncertainties that could cause actual results to differ materially from expectations. Risk factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: the Company’s intellectual property or products may be infringed, misappropriated, invalid, or unenforceable, or subject to claims of infringement, invalidity
or unenforceability, or insufficient to cover competitors' products; the gaming industry is highly regulated and the Company must adhere to various regulations and maintain its licenses to continue its operations; the Company’s ability to implement its ongoing strategic plan successfully is subject to many factors, some of which are beyond the Company’s control; litigation may subject the Company to significant legal expenses, damages and liability; the Company’s products currently in development
may not achieve commercial success; the Company competes in a single industry, and its business would suffer if its products become obsolete or demand for them decreases; any disruption in the Company’s manufacturing processes or significant increases in manufacturing costs could adversely affect its business; the products in each of our segments may experience losses due to technical difficulties or fraudulent activities; the Company operates in a very competitive business environment; the Company is dependent
on the success of its customers and is subject to industry fluctuations; risks that impact the Company’s customers may impact the Company; certain market risks may affect the Company’s business, results of operations and prospects; a continued downturn in general worldwide economic conditions or in the gaming industry or a reduction in demand for gaming may adversely affect the Company’s results of operations; the Company’s domestic and global growth and ability to access capital markets
are subject to a number of economic risks; economic, political, legal and other risks associated with the Company’s international sales and operations could adversely affect its operating results; changes in gaming regulations or laws; the Company is exposed to foreign currency risk; the Company could face considerable business and financial risk in implementing acquisitions; if the Company’s products contain defects, its reputation could be harmed and its results of operations adversely affected;
the Company may be unable to adequately comply with public reporting requirements; the Company’s continued compliance with its financial covenants in its senior secured credit facility is subject to many factors, some of which are beyond the Company’s control; the restrictive covenants in the agreement governing the Company’s senior secured credit facility may limit its ability to finance future operations or capital needs or engage in other business activities that may be in its interest; and
the Company’s business is subject to quarterly fluctuation. Additional information on these and other risk factors that could potentially affect the Company’s financial results may be found in documents filed by the Company with the Securities and Exchange Commission, including the Company’s current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K.
###
2