Cash Systems (AMEX:CKN)
Historical Stock Chart
From Jun 2019 to Jun 2024
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/