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Friday June 12, 1:31 pm Eastern Time
Company Press Release
Global Games Corp. Appoints Gary L. Borglund to be CEO
Company Strengthens Board of Directors
MINNEAPOLIS--(BUSINESS WIRE)--June 12, 1998-- Global Games Corp. today announced that the
Company's President, Gary L. Borglund, has been appointed to the position of CEO. Mr. Borglund replaces Mr.
Garry Jamieson, who also has resigned as a member of the Board of Directors.Mr. Borglund will retain his position
as President of Global Games Corp.
Global Games Corporation's management team is now comprised of the following officers and board members.
Gary L. Borglund: President & CEO of Global Games
- Mr. Borglund was retained by Global Games in September 1997 to coordinate the Company's business expansion
program. Mr. Borglund is presently a Director of Red Oak Management Company, a management consulting
organization specializing in management and financial analysis. Red Oak assists companies in refocusing priorities and
in management efficiency. Mr. Borglund attended the University of Minnesota where he majored in Business.
Dennis McCarter: Executive Vice President and Secretary
- Mr. McCarter is the President of The Newport Group, a California-based consulting firm in corporate finance. In
this capacity, his expertise has been a key factor in helping several companies go public. Additionally, Mr. McCarter
excels in helping companies raise capital and forge strategic alliances. He has been President and CEO of a
commercial real estate syndication company and has almost 20 years in management consulting, first with Arthur
Young & Company, and, subsequently, with his own firm. He has consulted in the food and beverage, savings and
loan, bank, telecommunications and automotive industries and has served on the Board of several companies, public
and private. He holds a B.A. degree from the University of Oregon, an M.B.A. from the University of Washington
and has done post-graduate work in accounting and finance at Northwestern University.
Barry W. Phillips: Director; Executive Vice President of Finance
- Mr. Phillips has been the President and Owner of B.W. Phillips and Associates, Inc. for the past 21 years. Mr.
Phillips specializes in corporate acquisitions, divestiture turnarounds and management information services. His
company also specializes in assisting companies with strategic and corporate business plans, and funding procurement
from banks, term lenders and venture capital sources. Mr. Phillips has over 21 years experience with a major
Canadian Bank (CIBC) and has spent over 10 years in the International Division with experience in corporate
lending, export financing and foreign exchange, and money markets.
Global Games Corp. (OTC Bulletin Board: GLOW - news) is an Internet-based commercial service business
providing secure automated transaction processing for merchants and Internet customers. Global also licenses
software for Internet gaming, and, through Electronic Card Services, Inc. (ECS), also sells prepaid electronic
chat-line cards through ATM-style dispensing units.
Additionally, Global provides management and consulting services. Global's core marketing strategy is to develop
''recurring electronic revenue streams'' based on targeted niche markets where the company's expertise can be
leveraged.
Contact:
Global Games Inc., Minneapolis
Gary Borglund or Allysa Amundson
612/672-0834
gborglund@globalgames.com
allysaa@globalgames.com |
