NTN Communications Implements Corporate Name Change to NTN Buzztime, Inc.
NTN Communications Implements Corporate Name Change to NTN Buzztime, Inc.
New Name Leverages Growing Awareness of the 'Buzztime' Consumer Brand
CARLSBAD, Calif., Jan. 4 /PRNewswire-FirstCall/ -- NTN Buzztime, Inc. (AMEX:NTN), a leader in interactive television entertainment and technology, announced that, effective January 1, 2006, the Company's corporate name changed from NTN Communications, Inc. to NTN Buzztime, Inc. The name change was voted in by shareholders at the company's annual meeting in June 2005, and took effect on January 1. The new name reflects the company's growing success in expanding the awareness of its Buzztime-branded games on major consumer platforms, including cable TV, satellite TV, mobile phones, home electronic games and books. The company's own iTV hospitality network in nearly 4,000 restaurants and sportsbars throughout North America will be completely re-branded as The Buzztime Network by the end of March 2006.
"Buzztime has proven to be a strong and memorable consumer brand that represents the fun and engaging entertainment we offer on numerous platforms and through various consumer outlets," said Stanley Kinsey, Chairman and CEO of NTN Buzztime, Inc. "Putting our marketing muscle behind one powerful consumer entertainment brand is the right way to leverage our content and technology with various partners on all platforms. Additionally, this year we will be building out the most advanced player web site we've ever offered as we aggregate Buzztime players from all points of distribution into one cross-platform offering. This effort will allow us to launch pay-to-play games and tournaments and offer multiple-platform player access to our advertisers, which is unlike any other content company."
On June 10, 2005, NTN shareholders approved an amendment to the Company's Restated Articles of Incorporation, to adopt the NTN Buzztime, Inc. corporate name effective January 1, 2006. There are no further legal implications of this name change.
About NTN Buzztime, Inc.
Based in Carlsbad, CA, NTN Buzztime, Inc. is the parent corporation of the NTN Hospitality Technologies(TM) division and Buzztime Entertainment, Inc., a subsidiary. The NTN Hospitality Technologies segment, which focuses on the out-of-home hospitality industries, is comprised of the NTN/Buzztime interactive Television (iTV) Network, NTN Wireless Communications, Inc., and NTN Software Solutions, Inc. Buzztime Entertainment, Inc. produces Buzztime(R), the play-along games channel, live sports prediction games such as QB1(R) and many other games that allow one or many players to participate. In addition to the NTN/Buzztime iTV Network, Buzztime's games are available on cable TV, satellite TV, mobile phones and plug-n-play home versions. For more information, please see www.ntn.com.
This release contains forward-looking statements which reflect management's current views of future events and operations including but not limited to implementation and effectiveness of branding campaigns and marketing strategies and deployment of enhanced service offerings. These statements are all 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, failure of product demand or market acceptance of both existing and new products, delays in closing of sales or agreements, unforeseen and uncontrollable increases in expenses or costs and the impact of competitive products and pricing. Other important factors that may cause actual results to differ materially from the forward-looking statements are discussed in the "Risk Factors" section and other sections of NTN's Form 10-K/A for the year ended December 31, 2004, which is on file with the Securities and Exchange Commission. 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 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.
CONTACT:
Andy Wrobel
Chief Financial Officer
NTN Buzztime, Inc.
(888) 752-9686
andy.wrobel@ntn.com
Source: NTN Buzztime, Inc.
CONTACT: Andy Wrobel, Chief Financial Officer of NTN Buzztime, Inc.,
+1-888-752-9686, andy.wrobel@ntn.com
Web site: http://www.ntn.com/
-------
Profile: intent
0 Comments:
Post a Comment
<< Home