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Progressive Gaming Receives Nasdaq Staff Deficiency Letter
Progressive Gaming International Corporation (NASDAQ:PGIC) ("the Company") today announced that it has received a Nasdaq staff deficiency letter dated October 6, 2008 indicating that, due to Terrance W. Oliver’s resignation from the Audit Committee of the Company's Board of Directors effective September 24, 2008, the Company no longer complies with Nasdaq's audit committee requirements under Nasdaq Marketplace Rule 4350. Mr. Oliver resigned from the Audit Committee as a result of his appointment to interim President and CEO of the Company. In response to this letter, the Company appointed Peter G. Boynton as an Audit Committee member effective October 14, 2008.
About Progressive Gaming International Corporation®
Progressive Gaming is a trusted provider of enterprise gaming solutions and supplier of integrated casino and jackpot management systems for the gaming industry worldwide. This technology is widely used to enhance casino operations and drive greater revenues for existing products. Progressive Gaming is unique in the industry in offering casino management and progressive systems in a modular yet integrated solution. Products include multiple forms of regulated wagering solutions in wired, wireless and mobile formats. There are Progressive Gaming products in over 1,000 casinos throughout the world. For further information, visit www.progressivegaming.net.
©2008 Progressive Gaming International Corporation®. All rights reserved.
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