ITOY has News Also ....
(BSNS WIRE) Virtual Games, Inc. Brings in Amusement Industry Executive t
Virtual Games, Inc. Brings in Amusement Industry Executive to Help "Lead the
Way"
Business Editors, High-Tech Writers
SAN JOSE, Calif.--(BUSINESS WIRE)--May 13, 1999--Virtual
Games, Inc. of San Jose (OTC BB:ITOY) today announced that it has
hired Michael R. Wright as its Chief Executive Officer.
Wright will pick up the "baton" from former CEO and President
Bruce Klein, who will continue as President and Chief Operating
Officer.
"Since we began our Virtual Reality project two years ago, we
have been looking for a very experienced executive with extensive
manufacturing and distribution experience in the coin-op arcade
industry. We felt that such experience would be valuable in
transitioning the program from the research and development phase into
the production manufacturing and sales phase. Mike Wright is the
culmination of our search. We are very happy that he has agreed to
join us."
Mike Wright's experience originates from the beginning of the
video game market. He was Bally Manufacturing's consultant to Atari
during the introduction of the first video game called "Pong" and was
instrumental in securing the distribution rights to "Pong" for Bally.
He has been Executive VP of Exidy, a manufacturer of video games;
Assistant to the President for Taito Corporation, one of Japan's
leading video game manufacturers; Managing Director of the National TV
Bingo Lottery for the Czech Republic; President of On-Point
Technologies, a manufacturer of high-tech vending machines; and
President and CEO of Border Capital, a Canadian public company that
designed TV game shows for the global lottery industry.
Founded in 1997, Virtual Games, Inc. is delivering on the promise
of virtual reality(TM). An industry leader in the design, development,
and manufacture of virtual reality technology, Virtual Games, Inc. is
bringing its Space Shuttle technology down to earth, linking new
dimensions of game immersion with unprecedented functionality in an
open architecture arcade platform.
--30--RYG/se*
CONTACT: For financial information:
Market Pulse Journal
Mike Behringer, 716/256-6498
or
For marketing information:
Virtual Games, Inc.
Ray Gunther, 609/764-5225
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED MANAGEMENT CHANGES
INTERACTIVE/MULTIMEDIA/INTERNET ENTERTAINMENT
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