Cash Systems Appoints Pat Cruzen and Gordon Graves to its Board of Directors
02 Marzo 2004 - 4:26PM
PR Newswire (US)
Cash Systems Appoints Pat Cruzen and Gordon Graves to its Board of
Directors MINNEAPOLIS, March 2 /PRNewswire-FirstCall/ -- Cash
Systems, Inc. , a provider of cash access solutions for the gaming
industry, today announced that Pat Cruzen and Gordon Graves have
been appointed to its Board of Directors. Both Cruzen and Graves
bring extensive business and gaming industry experience to Cash
Systems. Pat Cruzen, a 25-year gaming industry veteran, has guided
several of gaming's most prominent properties through phases of
dramatic change and record growth. He is currently the Chief
Executive Officer of Cruzen & Associates, which offers a wide
range of gaming industry-related services. Prior to that, he was
President and Chief Operating Officer of Grand Casinos, Inc. Cruzen
was also part of the startup team that created MGM Grand, where he
served as Senior Vice President of Finance and Administration and
President of MGM Grand's casino marketing arm, Destron. Other
successful associations includePresident of the Flamingo Hilton in
Reno, Nevada; President of the Sands Hotel and Casino in Las Vegas;
Controller of the Las Vegas Hilton; and Chief Financial Officer,
Vice President of Administration and Vice President of Hotel
Operations at Caesars Palace. Gordon Graves is currently the
President of Graves Management, Inc., a management consulting and
investment company. Prior to that, he was the Chairman of the Board
and Chief Executive Officer for Multimedia Games Inc. (NASDAQ:MGAM)
for nearly10 years. Graves had previously served as the President
and Chief Executive Officer of Arrowsmith Technologies, Inc., and
earlier worked at KDT Industries, Inc., a high-tech manufacturing
and services company and an affiliate of Arrowsmith, where he
served as Vice President of Corporate Development and later
President. Earlier in his career, Mr. Graves was the Chairman of
the Board of Directors of Gamma International Ltd. (currently
American Gaming and Entertainment, Ltd.), a company he co-founded.
"We are very pleased to have Pat and Gordon join our board. We feel
strongly that their significant business experience, gaming
industry knowledge and leadership skills will be invaluable to our
board of directors," said Craig Potts, CEO of Cash Systems. "As
independent directors, they also fulfill our listing obligations
for the American Stock Exchange and further the board's objective
for sound corporate governance. We look forward to their future
contributions to the Company." About Cash Systems, Inc.
Minneapolis-based Cash Systems, Inc. has grown from a regional ATM
provider to one of four cash access companies serving the gaming
industry. Cash Systems' products include its proprietary cash
advance systems, ATMs and check cashing solutions. Cash Systems
gaming clients are comprised of both Native American and commercial
entities. Please visit http://www.cashsystemsinc.com/ for more
information. This press release may contain forward-looking
statements, including the company's beliefs about its business
prospects and future results of operations. These statements
involve risks and uncertainties. Among the important additional
factors that could cause actual results to differ materially from
those forward-looking statements are risks associated with the
overall economic environment, the successful execution of the
company's plan of operation, changes in the company's anticipated
earnings, continuation of current contracts, gaming and other
applicable regulations, and other factors detailed in the company's
filings with the Securities and Exchange Commission, including its
most recent Forms 10-KSB and 10-QSB. In addition, the factors
underlying company forecasts are dynamic and subject to change and
therefore those forecasts speak only as of the date they are given.
The company does not undertake to update them; however, it may
choose from time to time to update them and if it should do so, it
will disseminate the updates to the investing public. DATASOURCE:
Cash Systems, Inc. CONTACT: Christopher Larson of Cash Systems,
Inc., +1-952-895-8399 Web site: http://www.cashsystemsinc.com/
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