06/21/2010

Shuffle Master Announces the Promotion of David Lopez to Chief Operating Officer

Shuffle Master, Inc. today announced the appointment of David Lopez to the role of Chief Operating Officer and Corporate Officer. Mr. Lopez will be responsible for the Company’s operational leadership, with Shuffle Master’s various foreign subsidiaries reporting directly to him along with executives responsible for Sales, Marketing, R&D, and Operations. He most recently served as Executive Vice President of Shuffle Master.

“Over the past 12 years David has had an invaluable impact on Shuffle Master’s success and his insight into all facets of our business uniquely qualifies him to perform the duties of Chief Operating Officer,” stated Phillip C. Peckman, Chief Executive Officer.

“I appreciate all of the opportunities that Shuffle Master has provided to me during my 12-year tenure,” said Lopez. “When you look at the impressive lineup of innovative products and services that Shuffle Master is poised to deliver over the next several years, it makes for a very promising future.”

Shuffle Master also announced the promotion of Kim Vukanovich to Senior Vice President of Operations and Administration. Ms. Vukanovich joined Shuffle Master in 2006, and as Vice President of Finance was focused on improving the Company’s operations, financial projections and budgeting processes. Kim also served as CFO of Shuffle Master Australasia in 2007 and 2008. Ms. Vukanovich will continue reporting to Mr. Lopez and is now responsible for all Service, Information Technology and Human Resources functions, with a near term focus on continuing to strengthen the Company’s operations to support Shuffle Master’s continued growth.

“Shuffle Master is fortunate to have two individuals of David’s and Kim’s caliber to step into the COO and SVP positions and work as a team. Both individuals have significant experience and well established track records, and we are confident that their leadership will continue to successfully move Shuffle Master forward in the future,” Peckman said.

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.

About Us		Home / News & Press / Story Detail