Easily Achieves Quorum
CARLSBAD, Calif., June 26 /PRNewswire-FirstCall/ -- NTN Buzztime, Inc.
(Amex: NTN), reported that at its annual meeting of stockholders completed
today in Carlsbad, California, the stockholders re-elected the incumbent
five-person Board of Directors and ratified the selection of its independent
registered accountants.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080331/CLM183LOGO)
The annual meeting had initially been convened on May 30, 2008, and had
been adjourned to today.
Based on the preliminary report from the Inspector of Elections, over 64
percent of the Company's stockholders attended the annual meeting, in person
or by proxy. A dissident stockholder had incorrectly asserted in an SEC
filing on June 25 that its efforts to defeat a quorum would result in no more
than 44 percent attendance. Michael Fleming, Chairman and interim Chief
Executive Officer of NTN Buzztime, Inc. said, "We appreciate the solid support
we received today from the majority of our stockholders, as we move to
implement our business plan."
About NTN Buzztime, Inc.
NTN Buzztime, Inc., a leader in social interactive entertainment for more
than 20 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 3,800 restaurants, sports bars and pubs throughout
North America and the United Kingdom. Buzztime entertainment is also available
on electronic games and in books. For more information, please visit
http://www.buzztime.com.
Buzztime is a member of the OVAB |Out-of-home Video Advertising Bureau.
Buzztime and Play Along TV are registered trademarks of Buzztime
Entertainment, Inc.
Forward-looking Statements
This release contains forward-looking statements which reflect
management's current views of future events and operations including but not
limited to estimates of financial performance and cash flows, trends in
subscriber preference and engagement and results of marketing strategies.
These statements are based on current expectations and assumptions that are
subject to risks and uncertainties that could cause actual results to differ
materially. These risks and uncertainties include the risk of changing
economic conditions, the impact of executive management transitions, 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.
BUZZTIME CONTACT:
Kendra Berger
Chief Financial Officer
NTN Buzztime, Inc.
760-438-7400
SOURCE NTN Buzztime, Inc.
Kendra Berger, Chief Financial Officer of NTN Buzztime, Inc., +1-760-438-7400
