CHICAGO, Illinois, June 27, 2006 - Midway Games Inc. (NYSE:MWY) announced the election of Robert J. Steele to the Board of Directors at its 2006 Annual Meeting of Stockholders that was held Thursday, June 22, 2006.
Mr. Steele, 52, has been Vice President – Strategy and Corporate Development of National Amusements Inc. since January 2004. From July 1997 to January 2004 Mr. Steele provided business consulting services to a variety of clients and was a private investor. In addition, from 1998 to 1999, Mr. Steele served as Chief Executive Officer of Adventure Entertainment, Inc. and from 2000 to 2001 he served as Chief Executive Officer of Spectrum Clubs Inc. From January 1991 to June 1997 Mr. Steele served PepsiCo in various officer positions, including president of PepsiCo Restaurants Europe and president of PepsiCo Restaurants South Pacific.
Midway’s Chairman, Kenneth D. Cron, commented, “Midway is excited by this enhancement of our Board of Directors. Mr. Steele brings a wealth of talent from his experience in large corporate environments and the entertainment field, and we look forward to his contributions as a director.”
With the addition of Mr. Steele, Midway’s Board now has eight members.
About Midway Games
Midway Games Inc. (NYSE:MWY), headquartered in Chicago, Illinois, with offices throughout the world, is a leading developer and publisher of interactive entertainment software for major videogame systems and personal computers. More information about Midway and its products can be found at www.midway.com.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 concerning future business conditions and the outlook for Midway Games Inc. (the "Company") based on currently available information that involve risks and uncertainties. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of these risks and uncertainties, including, without limitation, the performance of the interactive entertainment industry, dependence on new product introductions and the ability to maintain the scheduling of such introductions, the current console platform transition and other technological changes, dependence on major platform manufacturers and other risks more fully described under "Item 1A. Risk Factors" in the Company’s Annual Report on Form 10-K for the year ended December 31, 2005, and in any more recent filings made by the Company with the Securities and Exchange Commission. Each forward-looking statement, including, without limitation, financial guidance, speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
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Contact Information:
Geoffrey Mogilner
Midway (Investors)
(773) 961-2222
gmogilner@midway.com