CARLSBAD, Calif., July 10, 2017 /PRNewswire/ -- NTN Buzztime,
Inc. (NYSE MKT: NTN) appointed independent directors Gregg Thomas, 56, and Richard Simtob, 47, to its board of directors
effective July 7, 2017. They will
replace Mary Beth Lewis and
Tony Uphoff, who both resigned as of
July 6, 2017. The board count
will remain at six members.
NTN Buzztime Chairman Jeff Berg
stated, "I welcome Gregg and Richard to our board of directors.
Both have significant experience in the restaurant industry. For
two decades, Gregg has led a financial services and advisory firm
specializing in restaurants and retail. He has encountered and
resolved many challenges as well as helped craft numerous growth
plans. Richard's hands-on experience as president of a fast-casual
dining chain will be valuable. In addition, he brings his
perspective as an industry investor. We look forward to both Gregg
and Richard's contributions. We also thank both Mary Beth and Tony for their service over the
course of their tenure and wish them the best in their various
endeavors."
Ram Krishnan, NTN Buzztime Chief Executive Officer, said,
"Buzztime delivers exceptional guest experiences by leveraging
technology to build upon our service. Today, we are better
positioned with a strengthened balance sheet, improved
infrastructure and enhanced offering. Now, we are focused on
educating chains and independents about the power of the Buzztime
Effect to create differentiation, attract customers and increase
loyalty even when the industry is tackling headwinds. Further, we
are evaluating opportunities in adjacent markets. We are excited to
incorporate Richard and Gregg's ideas as we execute our growth
strategy."
Gregg Thomas
Mr.
Thomas founded CFO Advisors, LLC, a financial services and advisory
firm for the restaurant and retail industry in 1994 and has served
as partner since then. Over the last two decades, Mr. Thomas
and his firm have served over 50 brands representing in excess of
2,000 locations. He began his career at Plante Moran, where he
earned his CPA.
Mr. Thomas holds a B.S. in accounting from the University of Michigan and a Master's in taxation
from Walsh College.
Richard Simtob
Mr.
Simtob is a minority-owner of Zoup! Fresh Soup Company, L.L.C., a
company that operates and franchises fast-casual soup restaurants.
He has served as president since January
2010 and as one of its directors since April 2010. Concurrently, Mr. Simtob has been
serving as president of Simtob Investments Inc. since January 2001. From January 2004 through July
2009, Mr. Simtob was also a partner at Wireless Toyz
Franchise, LLC, a cellular service provider, where he also served
in various roles such as vice president of development, chief
financial officer and chief operating officer. Mr. Simtob was one
of the investors in NTN Buzztime's November
2016 capital raise.
Mr. Simtob studied at University of Western
Ontario.
About Buzztime
Buzztime (NYSE MKT: NTN)
delivers interactive entertainment and innovative dining technology
to bars and restaurants in North
America. Venues license Buzztime's customizable solution to
differentiate themselves via competitive fun by offering guests
trivia, card, sports and arcade games, nationwide competitions,
personalized menus and self-service dining features. Buzztime's
platform improves operating efficiencies, creates connections among
the players and venues, and amplifies guests' positive experiences.
Founded in 1984, Buzztime has accumulated over 9 million player
registrations and over 136 million games were played in 2016 alone.
For more information, please visit http://www.buzztime.com or
follow us on Facebook or Twitter @buzztime.
LHA Investor Relations:
Kirsten Chapman, buzztime@lhai.com (415)
433-3777
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SOURCE NTN Buzztime