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NTN Buzztime, Inc. Announces Ram Krishnan as New CEO
CARLSBAD, Calif., Aug. 22, 2014 /PRNewswire/ --NTN Buzztime, Inc. (NYSE MKT: NTN) today announced that Ram Krishnan has been appointed Chief Executive Officer effective September 15, 2014. Mr. Krishnan will also serve on the Company's Board of Directors.
"We are extremely pleased to have Ram continue the transformation of Buzztime to a growth platform business delivering on our mission of entertaining consumers in ways that create long term value for our merchants," said Chairman and outgoing CEO Jeff Berg. "Ram is an experienced leader who has successfully transitioned a number of businesses through changing market and business conditions. His background in delivering winning software platforms, most recently at Active Network, where he drove its SaaS transactions and payment processing model to record levels, will help Buzztime more effectively capitalize on the growth opportunity ahead of it," continued Mr. Berg.
Mr. Krishnan joins NTN Buzztime with over 17 years executing business growth strategies, most recently as Senior Vice President and General Manager of Active Network. Prior to Active Network, Mr. Krishnan held several senior positions at GE and its affiliates from 1997 to 2011, most recently serving as the Global Vice President and General Manager of GE's Radiology IT business.
The company will provide additional information regarding Mr. Krishnan's appointment in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission.
This release contains forward-looking statements which reflect management's current views of future events and operations, including but not limited to statements about the company's continued transformation and the company's growth plans. 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 risks of unsuccessful execution or launch of products, platforms or brands, risks associated with customer retention and growth plans, the impact of alternative entertainment options and technologies and competitive products, brands, technologies and pricing, adverse economic conditions, failure of customer and/or player acceptance or demand for new or existing products, lower market acceptance or appeal of both existing and new products and services by particular demographic groups or audiences as a whole, termination of partnership and contractual relationships and technical problems or outages. 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, except as required by law, 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.
NTN Buzztime, Inc. (NYSE MKT: NTN) is a leading bar and restaurant social entertainment and integrated marketing platform. Trusted by bars and restaurants in North America since 1985, Buzztime integrates trivia, card and sports games with in- and out-of-venue messaging and communication tools. With over 5 million player registrations on the Buzztime platform and over 50 million games played each year, Buzztime players spread the word and invite friends and family to their favorite Buzztime location to enjoy an evening of fun and competition. With Buzztime entertainment and marketing solutions, bars and restaurants can turn casual visitors into regulars, and give guests a reason to stay longer. For the most up-to-date information on NTN Buzztime, please visit http://www.buzztime.com or follow us on Facebook or Twitter @buzztime.
Chief Financial Officer
NTN Buzztime, Inc.
SOURCE NTN Buzztime, Inc.
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