Business
Sports Betting Technology Provider Newgioco Appoints Experienced Businessman Clive P. Kabatznik as an Independent Director to its Board
Sports Betting Technology Provider Newgioco Appoints Experienced Businessman Clive P. Kabatznik as an Independent Director to its Board.
About this update from Elys Bmg Group, Inc.
[{"type":"text","content":"\nNewgioco Adds Third Independent Member to the Board of Directors\n NEW YORK, NY, June 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Newgioco Group, Inc. (“Newgioco” or the “Company”) (OTCQB: NWGI), a global sports betting and gaming technology company providing fully integrated software solutions to regulated online and land-based gaming and sports betting operators, today announced the appointment of Clive P. Kabatznik to serve as an independent director of the Board of Directors effective June 26, 2019. Mr. Kabatznik shall also serve on the audit committee, the compensation committee, and the corporate governance and nominating committee of the Board. “Clive, along with Paul Sallwasser and Steven Shallcross who were appointed to our Board recently, significantly improve our corporate governance and provide meaningful business expertise to our Board,” commented Chief Executive Officer, Michele (Mike) Ciavarella. “Together, their extensive international experience with both small and large listed and private companies in various fields of technology should be of considerable benefit to Newgioco’s direction, governance and growth for all our shareholders. This is another step towards demonstrating our commitment to the highest standards of corporate governance and to completing our long anticipated exchange listing. We will continue to build our senior personnel over the coming weeks and to firm up our unique go-to-market plan for the U.S. as an important component of our pathway to profitability.” Mr. Kabatznik currently serves in several key roles with a variety of entities and with over 37 years of extensive versatile global business expertise, including as Founding member of 40K LLC, Chairman of Datos Health, Director of Harbor Inland Rum Company, Co-founder of Fluid Spirits Holdings and Director of Icagen, Inc. He brings a wealth of corporate and strategic business skills to Newgioco including the use of digital and computational platforms to solve the marketing and technological challenges facing both new and established businesses. He was previously, the Founder and Chief Executive Officer of Silverstar Holdings, which was one of the first U.S. publicly-listed companies to invest as an acquirer of South African businesses. In carrying out his responsibilities,...