Midway Appoints New Chairman
07 Novembre 2008 - 10:31PM
Business Wire
Midway Games Inc. (NYSE:MWY) today announced that the Company�s
Board of Directors has appointed Peter C. Brown as Chairman of the
Board. Mr. Brown joined Midway�s board in 2005, and currently
serves as a member of the Audit Committee. Mr. Brown is Chairman of
the Board, Chief Executive Officer and President of AMC
Entertainment Inc. (AMC). Mr. Brown has served as the Chairman and
Chief Executive Officer of AMC since July 1999 and President since
January 1997. Mr. Brown is a Director of Embarq Corporation,
National CineMedia,�Inc. and MovieTickets.com. Mr. Brown succeeds
Shari E. Redstone, who has resigned from the Company�s Board of
Directors. Ms. Redstone joined Midway�s Board of Directors in 2004,
and she was the vice chairwoman of the board and has served in the
past on the Nominating and Corporate Governance Committee and the
Compensation Committee. �I was honored to serve on the Midway Board
for the past four years, most recently as its Chair,� said Shari
Redstone, President of National Amusements, Inc. �With my recent
appointment to the Special Committee of the National Amusements
Board of Directors, I am resigning from the Midway Board to focus
on these responsibilities.� About Midway Games 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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