NTN Buzztime, Inc. Appoints Michael J. Bush to Its Board of Directors
14 September 2009 - 7:32PM
PR Newswire (US)
CARLSBAD, Calif., Sept. 14 /PRNewswire-FirstCall/ -- NTN Buzztime,
Inc. (NYSE:NTN) today announced that Michael J. Bush, President and
CEO of 3 Day Blinds, Inc. has been appointed to its Board of
Directors and will join its Nominating, Corporate Governance and
Compensation Committee and its Audit Committee. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080331/CLM183LOGO) Mr. Bush
has had a significant career in change management, turnarounds and
business growth. He joined 3 Day Blinds two years ago in the latest
of these endeavors, working in partnership with Texas Pacific Group
and Rosewood Capital. His experience includes changing business
models, brand development and building successful management teams.
Prior to 3 Day Blinds, Mr. Bush was President and Chief Executive
Anchor Blue Retail Group, a 175 store chain of youth oriented
apparel stores and Levi's and Dockers' Outlets by MOST, a 80 store
chain of outlet stores selling Levi Strauss & Company apparel
in outlet malls. Mr. Bush participated as an investor with Sun
Capital Partners in the November 2003 buy out of Anchor Blue and by
the end of 2005 had returned over 40 times the initial equity
investment to the investors. Before Anchor Blue, Mr. Bush was
President and Chief Executive of Bally North America, a member of
the Board of Directors of Bally International AG, the parent
company for Bally and Senior Vice President of Global
Re-engineering. During his time at Bally Mr. Bush was instrumental
in restructuring the global operations of Bally as part of a turn
around plan. While working on global re-engineering, Mr. Bush also
managed the North American operations for Bally which included
wholesale, retail, distribution and merchandising operations. Prior
to Bally, Mr. Bush was Chief Operating Officer and Executive Vice
President of Movado Group, Inc., a publicly traded global
manufacturer and marketer of wristwatches. During this period
Movado achieved record sales, profits and market valuation. Mr.
Bush joined Movado from Ross Stores where he served as Senior Vice
President of Strategic Planning, Business Development and
Marketing. He began his career at Bain & Company in San
Francisco where he worked for 6 years primarily focusing on retail
and consumer goods companies. Mr. Bush currently serves as a
director of Ross Stores, a Fortune 500 company, and Technoserve, a
global not-for-profit enterprise involved in economic development
in Africa and Latin America. He is a graduate of Dartmouth College
and the Stanford Graduate School of Business. "The Company is very
fortunate to have Michael Bush joining the Board. His experience in
corporate turnarounds, re-engineering and growth strategies will
make him an outstanding resource for the Board and management,
including myself, to draw upon as we seek to re-engineer some of
our own processes, exploit significant opportunities for growth and
build enterprise value for shareholders," said Terry Bateman, CEO
of NTN. About NTN Buzztime, Inc. NTN Buzztime, Inc., a leader in
interactive entertainment for 25 years, is based in Carlsbad, CA.
Buzztime is distributed in-home and out-of-home across broadband
platforms including online, cable TV, satellite TV and in
approximately 4,000 restaurants, sports bars and pubs throughout
North America. Buzztime entertainment is also available on
electronic games and in books. For more information, please visit
http://www.buzztime.com/. Buzztime is a proud member of the OVAB
|Out-of-home Video Advertising Bureau. Buzztime is a registered
trademark of Buzztime Entertainment, Inc. and Playmaker is a
registered trademark of NTN Buzztime, Inc. Forward-looking
Statements This release contains forward-looking statements which
reflect management's current views of future events and operations.
These statements are based on current expectations and assumptions
that are subject to risks and uncertainties that could cause actual
results to differ materially from historical results or those
expressed or implied by such forward-looking statements. These
risks and uncertainties include uncertainty regarding our future
capital needs, risks associated with the current economic downturn,
our significant losses, our ability to grow our out-of-home
Buzztime iTV network and implement our other business strategies,
our management transition, failure of product demand or market
acceptance of both existing and new products and services and the
impact of competitive products and pricing. Please see NTN
Buzztime, Inc.'s recent filings with the Securities and Exchange
Commission for information about these and other risks that may
affect the Company. All forward-looking statements included in this
release are based on information available to us on the date
hereof. These statements speak only as of the date hereof, and NTN
Buzztime, Inc. does not undertake to publicly update or revise any
of its forward-looking statements, even if experience or future
changes show that the indicated results or events will not be
realized. COMPANY CONTACT: Kendra Berger Chief Financial Officer
NTN Buzztime, Inc. (760) 438-7400 CCG CONTACT: Mark Collinson
Senior Partner CCG Investor Relations (310) 477-9800, ext. 117
http://www.newscom.com/cgi-bin/prnh/20080331/CLM183LOGO
http://photoarchive.ap.org/ DATASOURCE: NTN Buzztime, Inc. CONTACT:
Kendra Berger, Chief Financial Officer of NTN Buzztime, Inc.,
+1-760-438-7400; or Mark Collinson, Senior Partner, Investor
Relations, of CCG, +1-310-477-9800, ext. 117, for NTN Buzztime,
Inc. Web Site: http://www.ntn.com/
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