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.