Atlantic International Entertainment, Ltd., (AIEE) Announces Additions To
Management Team
PR Newswire - July 19, 1999 12:58
BOCA RATON, Fla., July 19 /PRNewswire/ -- Atlantic International Entertainment, Ltd. (OTC Bulletin Board: AIEE) announced today
that it has made several changes and additions to the company's management team. Australian-based Peter Lawson was appointed a
member of the Board of Directors, Senior Vice President, Chief Financial Officer and Treasurer. Trevor Klein was promoted to Vice
President of Finance and appointed as Corporate Secretary. The company's wholly owned Australian subsidiary, AIE Australia, Ltd.,
named David Kinsman as its Chief Executive Officer.
Atlantic's President & CEO, Richard Iamunno, stated that, "The additions of Peter Lawson and David Kinsman are important to the
company's Australian and overall operations. These two individuals make a significant impact on our company and again show our
commitment to providing a top-flight operation in Australia. Furthermore, I look forward to working with Peter Lawson, the company's new
Senior Vice President and Chief Financial Officer and Trevor Klein, Vice President of Finance and Corporate Secretary, for their help
bringing the company to its next level as a global interactive gaming company."
Peter Lawson stated, "Having acted as an advisor to AIE for the past years has allowed me to work with a professional and dedicated
management team. The opportunity therefore to join the Board of AIE and take on the responsibility of Senior Vice President, Chief
Financial Officer and Treasurer for the company, is an exciting and challenging proposition."
Mr. Lawson further stated, "Part of my role will include executive responsibility for the Australian operation. I look forward to working
closely with David Kinsman to establish the business. Australia is at the forefront of legislation regarding Internet gaming and wagering and
the next few years will present unique opportunities to companies involved in this industry. With the ASX listing of AIE, or soon to be
renamed Online Gaming Systems, Ltd., due to be complete in September 1999, AIE will be in a strong position to compete favorably in this
dynamic market."
Peter Lawson has been involved in Corporate Finance, specializing in equity raisings, corporate advice and capital market transactions for
the past 15 years, most recently with Ernst & Young as a Director of Corporate Finance. He has been a Director of Atlantic's Australian
subsidiary for the past two years. He holds a Commerce Degree from the University of Queensland, is a Certified Practicing Accountant and
holds post graduate qualifications in finance from the Securities Institute in Australia."
David Kinsman stated, "The chance to join AIE as their Australian CEO is not just an exciting career move, it is also a significant opportunity
to be involved with the growth of a company recognized as a world leader in the most challenging and expansive area of world commerce,
the Internet."
David Kinsman has a long and successful track record in the gaming industry in Australia. Most recently he had been in executive
management positions with Vidco & Olympic Gaming. He has been a long-time consultant in Australia to both gaming operators and
suppliers.
Atlantic International Entertainment, Ltd. ( www.aieltd.com ) develops and markets Internet and private network transaction-based products
that it only offers 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
fund raising 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 of Atlantic International
Entertainment, Ltd., 561-393-6685, or fax, 561-393-1485/
/Web site: aieltd.com |
