Midway Confirms Matt Booty as President and CEO
30 Ottobre 2008 - 5:33PM
Business Wire
Midway Games Inc. (NYSE: MWY) today announced that Matthew V. Booty
has been appointed by the Board of Directors as President and CEO
of the company. Mr. Booty has served as interim president and CEO
of Midway Games Inc. since March, 2008. Matt Booty brings a deep
background with Midway anchored in product development. Mr. Booty
joined in 1991 as an engineer and programmer, at a time when Midway
launched iconic arcade franchises such as the original Mortal
Kombat and NBA Jam. After serving in progressively more responsible
roles, he eventually was promoted to Vice President of Product
Development in 2002. Prior to being named President and CEO of the
company, he served as Senior Vice President, Worldwide Studios.
During his tenure as interim president and CEO, Mr. Booty has
demonstrated strong leadership and has successfully executed on a
number of key initiatives aimed at developing top performing games
and improving financial performance, including reducing costs
through studio consolidation, exiting underperforming licenses and
rebalancing the product portfolio to focus on key licenses and
owned intellectual property such as TNA iMPACT!, Blitz: The League,
Mortal Kombat and Wheelman. �Over the past two quarters we have
made progress reducing costs, realigning our studios, and improving
execution on our game launches,� said Mr. Booty. �Along with the
rest of our management team, I am committed to continuing to drive
this progress and maintain a sharp focus on the successful
implementation of our plans for the fourth quarter and beyond.�
About Midway Midway Games Inc. (NYSE: MWY), headquartered in
Chicago, Illinois, with offices throughout the world, is a leading
developer and publisher of interactive entertainment software for
major videogame systems and personal computers. More information
about Midway and its products can be found at www.midway.com.
FORWARD-LOOKING STATEMENTS This press release contains
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 concerning future business
conditions and the outlook for Midway Games Inc. (the "Company")
based on currently available information that involves risks and
uncertainties. The Company's actual results could differ materially
from those anticipated in the forward-looking statements as a
result of these risks and uncertainties, including, without
limitation, the financial strength of the interactive entertainment
industry, dependence on new product introductions and the ability
to maintain the scheduling of such introductions, dependence on
major platform manufacturers and other risks more fully described
under "Item 1. Business - Risk Factors" in the Company�s Annual
Report on Form 10-K for the year ended December 31, 2007, and in
more recent filings made by the Company with the Securities and
Exchange Commission. Each forward-looking statement, including,
without limitation, financial guidance, speaks only as of the date
on which it is made, and Midway undertakes no obligation to update
any forward-looking statement to reflect events or circumstances
after the date on which it is made or to reflect the occurrence of
anticipated or unanticipated events or circumstances, except as
required by law.
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