Midway Games Inc. (NYSE:MWY) today announced that the Company’s
Board of Directors has appointed Peter C. Brown as Chairman of the Board.
Mr. Brown joined Midway’s board in 2005, and
currently serves as a member of the Audit Committee. Mr. Brown is
Chairman of the Board, Chief Executive Officer and President of AMC
Entertainment Inc. (AMC). Mr. Brown has served as the Chairman and Chief
Executive Officer of AMC since July 1999 and President since January
1997. Mr. Brown is a Director of Embarq Corporation, National
CineMedia, Inc. and MovieTickets.com.
Mr. Brown succeeds Shari E. Redstone, who has resigned from the Company’s
Board of Directors. Ms. Redstone joined Midway’s
Board of Directors in 2004, and she was the vice chairwoman of the board
and has served in the past on the Nominating and Corporate Governance
Committee and the Compensation Committee.
"I was honored to serve on the Midway Board
for the past four years, most recently as its Chair,”
said Shari Redstone, President of National Amusements, Inc. "With
my recent appointment to the Special Committee of the National
Amusements Board of Directors, I am resigning from the Midway Board to
focus on these responsibilities.”
About Midway Games
Midway Games Inc. (NYSE:MWY), headquartered in Chicago, Illinois, with
offices throughout the world, is a leading developer and publisher of
interactive entertainment software for major videogame systems and
personal computers. More information about Midway and its products can
be found at www.midway.com.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995
concerning future business conditions and the outlook for Midway Games
Inc. (the "Company") based on currently available information that
involves risks and uncertainties. The Company's actual results could
differ materially from those anticipated in the forward-looking
statements as a result of these risks and uncertainties, including,
without limitation, the financial strength of the interactive
entertainment industry, dependence on new product introductions and the
ability to maintain the scheduling of such introductions, dependence on
major platform manufacturers and other risks more fully described under
"Item 1. Business - Risk Factors" in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2007, and in
more recent filings made by the Company with the Securities and Exchange
Commission. Each forward-looking statement, including, without
limitation, financial guidance, speaks only as of the date on which it
is made, and Midway undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after the
date on which it is made or to reflect the occurrence of anticipated or
unanticipated events or circumstances, except as required by law.