Atlantic International Entertainment, Ltd., (AIEE) Announces Appointment Of
New Chairman Of The Board
PR Newswire - July 14, 1999 13:17
Atlantic Announces John Copelyn As Its New Chairman
BOCA RATON, Fla., July 14 /PRNewswire/ -- Atlantic International Entertainment, Ltd., (OTC Bulletin Board: AIEE) (AIE) announced
today that the Board of Directors has appointed South African-based John Copelyn as the Company Chairman. Mr. Copelyn is currently
the Chief Executive Officer of South African-based Hosken Consolidated Investments (HCI), a public company traded on the Johannesburg
Stock Exchange (J.S.E.). HCI is currently the largest shareholder in AIE, with approximately a 20% stake.
Prior to becoming CEO of HCI, Copelyn was General Secretary of S.A. Clothing and Textile Workers Union and its predecessors from
1974-1994. In 1980 he was admitted in South Africa as an Attorney. In 1994 Copelyn was an ANC member of Parliament elected in the
first democratic parliament. Currently Copelyn is Chief Executive Officer of the SACTWU Investment Group. This is the investment vehicle
of the union members providing for various welfare and educational benefits for members of the union and their families. It currently has
assets in excess of R1 billion and is the largest shareholder of Hosken Consolidated Investments (the investment arm of the MineWorkers
Union & SACTWU).
Mr. Copelyn sits on the Board of various companies, including Chairman of Mettle Bank, listed on the J.S.E.; Chairman of Unibank, listed
on J.S.E.; Director of Softline, J.S.E. listed; Director of Business Solutions, as well as directorships of various media companies including
E.tv, the first private commercial free TV company in South Africa, three radio stations, Radio Highveld, YFm & CapeTalk. His gaming
company directorships include: S.A. Video Gaming Corporation, Global Payment S.A and Atlantic.
AIE President & CEO Richard A. Iamunno stated, "John Copelyn is a tremendous addition to the Company in the role of Chairman. John
has been instrumental in the involvement of HCI and AIE as well as numerous other strategic opportunities that the company is exploring. He
has a keen understanding of the global gaming markets and the role that interactive gaming will play. I look forward to working closely with
John and together taking Atlantic, soon to be known as Online Gaming Systems, to the next level."
Atlantic International Entertainment, Ltd. ( www.aieltd.com ) develops and markets Internet and private network transaction-based products
that it offers only to licensed gaming operators in regulated jurisdictions. These products include Internet Casino Extension(TM) (ICE(TM)),
a growing suite of casino games; webSports(TM), a sports wagering system; Lotto Magic(TM), a lottery system for private, government and
fundraising purposes; and Bingo Blast(TM), a multi-player system for charity and private organization use. The company also offers wireless
and portable gaming devices through its Las Vegas-based Excel Design, Inc., a wholly owned subsidiary.
This press release contains potential forward-looking statements regarding the Company. The future performance of the Company involves
risks and uncertainties that could cause actual results to differ materially. Such risks include competition and pricing pressures, dependence
on telecommunications carriers, management of growth, customer turnover, technological change, governmental regulation, unauthorized use
of technology, system failures and a variety of stock market-related risks. For a more complete description of certain such risks and
uncertainties, we refer you to the documents that the Company files from time to time with the Securities and Exchange Commission,
including 10K filed May 7, 1999 and form 10Q filed May 18, 1999.
For Investor Relations please contact: Ira W. Miller or Larry Fortune/ (949)833-9001.
SOURCE Atlantic International Entertainment, Ltd.
/CONTACT: Richard Iamunno, President & CEO, Atlantic International
Entertainment, Ltd., 561-393-6685, or fax, 561-393-1485/
/Web site: aieltd.com / |
