Welcomes Industry Leader with Proven Experience in Growing Gaming Companies
MILL VALLEY, CA, April 23, 2015 /CNW/ - POYDRAS GAMING FINANCE CORP. (TSX-V: PYD) ("Poydras" or the "Company") today announced that it has appointed gaming industry veteran Robert L. Miodunski as an independent director of the Company effective today. Mr. Miodunski will serve on the Company's Audit Committee as well as its Compensation Committee.
"We are very fortunate that Bob has joined our board of directors," said Peter Macy, CEO of Poydras. "He brings extensive experience in the gaming sector and we look forward to his contributions accelerating the Company's growth trajectory."
Mr. Miodunski most recently served as Chairman, CEO, and President of American Gaming Systems ("AGS"). From July 2010 until his retirement in January 2014, Miodunski guided AGS through a period of growth and expansion, culminating with the December 2013 acquisition of AGS by affiliates of Apollo Global Management, LLC.
Prior to taking over as Chairman, CEO, and President of AGS, Miodunski served as CEO of Alliance Gaming (now Bally Technologies, Inc., NYSE: BYI) until his retirement in September 2004. Under Miodunski's 5-year run as CEO, Alliance Gaming saw its split-adjusted publicly traded stock price move from below US$2 to more than US$100. Miodunski's professional background also includes senior management positions at Federal Sign Co. as well as several technology-based companies earlier in his career. Miodunski holds a mechanical engineering degree from the University of Missouri and an MBA from the University of Dallas.
About Poydras Gaming Finance Corp.
Poydras Gaming is focused on leasing and financing gaming machines (such as slot machines) and related capital expenditures for existing casinos, new casino developments and gaming machine suppliers in the United States. It owns and finances slot machines including long-term lease contracts across six casinos in Oklahoma and a financing agreement with a gaming machine supplier based out of California. Additional information about the Company can be found on the SEDAR website at www.sedar.com.
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information in this news release is considered forward-looking within the meaning of certain securities laws and is subject to important risks, uncertainties and assumptions. This forwardlooking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forwardlooking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARDLOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
SOURCE Poydras Gaming Finance Corp.
For further information: Robert Kelly, Investor Relations | TMX Equicom, T: 416.815.0700 ext. 253, E: firstname.lastname@example.org or Peter Macy, CEO, Poydras Gaming Finance Corp., T: (604) 683-8393, E: email@example.com