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Return to News & Press
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11/03/2008
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Shuffle Master, Inc. Appoints New Board Member
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Shuffle Master, Inc. announced today the appointment of Bill Warner to the Company's Board of Directors. His appointment became effective on October 31, 2008. Mark L. Yoseloff, Ph.D., Chairman and Chief Executive Officer, welcomed Warner, saying, “Bill’s extensive gaming background and executive leadership experience make him ideally suited for our board." Yoseloff added, "I am confident that Bill will be an important contributor to our board and look forward to working with him." Mr. Warner was with Station Casinos for 14 years, most recently as Executive Vice President and Chief Operating Officer. Warner was responsible for operations at all Station properties, as well as overseeing all design and construction aspects.
Warner joined Station Casinos as Finance Director in August 1993 and was promoted to Vice President of Finance in 1996. He became the company's Chief Development Officer in 2002 when he also gained the title of Executive Vice President, focusing primarily on acquisitions, dispositions and Native American gaming. Prior to his term at Station Casinos, Warner served as Audit Manager for Arthur Andersen, LLP from 1986 to 1991, followed by two years as Controller for Kentco Capital Corporation, a venture capital company.
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This release contains forward-looking statements that are based on management’s
current beliefs and expectations about future events, as well as on assumptions
made by and information available to management. The Company considers such statements
to be made under the safe harbor created by the federal securities laws to which
it is subject, and assumes no obligation to update or supplement such statements.
Forward-looking statements reflect and are subject to risks and uncertainties that
could cause actual results to differ materially from expectations. Factors that
could cause actual results to differ materially from expectations include, but are
not limited to, the following: changes in the level of consumer or commercial acceptance
of the Company’s existing products and new products as introduced; advances
by competitors; acceleration and/or deceleration of various product development,
promotion and distribution schedules; product performance issues; higher than expected
manufacturing, service, selling, administrative, product development, promotion
and/or distribution costs; changes in the Company’s business systems or in
technologies affecting the Company’s products or operations; reliance on strategic
relationships with distributors and technology and manufacturing vendors; current
and/or future litigation or claims; tax matters, including changes in tax legislation
or assessments by taxing authorities; acquisitions or divestitures by the Company
or its competitors of various product lines or businesses and, in particular, integration
of businesses that the Company may acquire; changes to the Company’s intellectual
property portfolio, such as the issuance of new patents, new intellectual property
licenses, loss of licenses, claims of infringement or invalidity of patents; regulatory
and jurisdictional issues (e.g., technical requirements and changes, delays in obtaining
necessary approvals, or changes in a jurisdiction’s regulatory scheme or approach,
etc.) involving the Company and its products specifically or the gaming industry
in general; general and casino industry economic conditions; the financial health
of the Company’s casino and distributor customers, suppliers and distributors,
both nationally and internationally; the Company’s ability to meet its debt
service obligations, including the Notes, and to refinance its indebtedness, which
will depend on its future performance and other conditions or events and will be
subject to many factors that are beyond the Company’s control; and various
risk related to the Company’s customers’ operations in countries outside
the United States, including currency fluctuation risks, which could increase the
volatility of the Company’s results from such operations. Additional information
on these and other risk factors that could potentially affect the Company’s
financial results may be found in documents filed by the Company with the Securities
and Exchange Commission, including the Company’s current reports on Form 8-K,
quarterly reports on Form 10-Q and annual report on Form 10-K.
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