InvestorsHub Logo
Followers 1183
Posts 134793
Boards Moderated 3
Alias Born 08/27/2003

Re: riskanalyst post# 278

Friday, 06/06/2008 9:19:01 AM

Friday, June 06, 2008 9:19:01 AM

Post# of 14386
Lord Leonard Steinberg, Founder of Stanley Leisure Ltd. Agrees to Become Chairman
of the Board of Electronic Game Card, Inc.

On June 6, 2008, Lord Steinberg filed as a 5 percent owner of Electronic Game
Card, Inc.

NEW YORK and LONDON, June 6, 2008 /PRNewswire-FirstCall via COMTEX/ -- Electronic
Game Card, Inc. (EGMI) ("EGC"), announced today that Lord Leonard Steinberg has
agreed to join the Board of Directors as Chairman.

Lord Steinberg is one of Britain's most successful businessmen and one of the
most well known personalities in the gaming industry. He founded Stanley Leisure
in Belfast in 1958 with one licensed betting shop. Stanley Leisure plc became the
largest casino operator and fourth largest retail bookmaker with 600 shops in the
United Kingdom.

In 2005 Stanley sold its retail bookmaking operations for 504m pounds Sterling
(approx $1billion) and returned 327m pounds (approximately $650million) to
shareholders. In 2006, Stanley then sold the 45 casinos to Genting International
for approximately $1.3billion

During Lord Steinberg's tenure, Stanley Leisure grew both organically and through
acquisition. In the last five years as publicly quoted company Stanley Leisure
generated total shareholder returns at a compound annual growth of more than 25
per cent.

The acquired businesses were cultivated by adding seasoned management, structural
renovations, synergistic business-lines, and improved locations. Some acquired
businesses were relocated into special purpose built facilities, such as the
Circus Casino Birmingham Star City, which is the largest casino in the United

In addition to his highly successful business career, Lord Steinberg was made a
Conservative Life Peer in 2004 and is an active member of the House of Lords in
the United Kingdom. He is a well known philanthropist and is a member of the
Board of Directors of Medgenics, a U.S. incorporated biopharmaceutical company, L
Sports Investments Ltd., Stanley Bet Holdings Ltd., and Stanley Bet Overseas
Investments Ltd.

Commenting on Lord Steinberg's involvement, a company spokesperson said, "It is
with great pleasure that we will welcome Lord Steinberg to our Board of Directors
as its Chairman. His highly successful career is reflective of his business
acumen and drive to achieve excellence in whatever he undertakes. Lord
Steinberg's experience is well suited to meet, and exceed the strategic vision of
EGMI as it expands in international markets and pursues further market share
gains with superior, well positioned products." The spokesperson continued, "We
believe that the fact that an accomplished business leader of Lord Steinberg's
caliber has agreed to become chairman of the company is validation of the
company's business. In addition, as the company enters the next stage of its
development having an accomplished Chairman with a track record of large public
company leadership will be invaluable. We especially welcome his leadership in
the selection process for new members of the company's management." Lord
Steinberg commented, "Electronic Game Card is an innovative product that
addresses an extremely large potential market. I am a strong believer in this
technology and have thus recently purchased in excess of 5 percent of the stock
in the open market. With the addition of my established contact base and business
and industry experience I believe that this company has extremely exciting
prospects and I look forward to taking the company and the product range to the
next level."

In addition to Lord Steinberg, the Electronic Game Card, Inc. Board of Directors
has also nominated Eugene Christiansen and Anna Houssels to serve as non
executive directors. Mr. Christiansen has been active as an executive and
consultant to the commercial gambling and entertainment industries since 1976
through New York based Christiansen Capital Advisors. Mr. Christiansen has
conducted studies of the economics, taxation, financial structure, and regulation
of casino gaming, pari-mutuel wagering, and lotteries, and has counseled
Manhattan and Washington, D.C. law firms in legal proceedings regarding gaming
issues. Mr. Christiansen is the author of numerous articles dealing with casinos,
horse racing, greyhound racing, jai alai, off-track betting, lotteries and
related activities in trade, professional, and academic publications. He prepares
authoritative statistical reports that are widely used domestically and abroad
recognized throughout the world as the most comprehensive and authoritative
description of the gambling industries of the U.S. Mr. Christiansen has
co-authored an influential academic study of gambling, The Business of Risk:
Commercial Gambling in Mainstream America (University Press of Kansas, 1985), and
is a member of the advisory boards of the National Council on Problem Gambling
and the Institute for the Study of Gambling and Commercial Gaming at the
University of Nevada, Reno.

Ms. Houssels is currently Vice President of VIP Sales for CityCenter in Las
Vegas, an $8 billion mixed use real estate project developed as a joint venture
between MGM Mirage and Dubai World. In this capacity she focuses on expanding the
sales network through VIP customers and referrals, and liaising with MGM MIRAGE
key executives plus international and domestic casino marketing teams. Her
responsibilities include leading event sales nationally and internationally, and
developing new sales leads through "business to business" channels, as well as
professional and social personal network associations.

Prior to Las Vegas CityCenter, Ms. Houssels worked for The Mark Company and RLM
West Luxury Real Estate in California as well as Ezra International Realty in Las
Vegas. Her experience also includes buying, renovating, and selling luxury high
rises in Australia and the United States. She most recently owned and operated
Houssels Properties; a Las Vegas real estate firm specialized in selling
exclusive residences, many of them high rises, to local and a large international


Yvonne L. Zappulla
Managing Director
Grannus Financial Advisors, Inc.


Roger Holdom
Electronic Game Card, Inc.
+44 207 451 2480

About Electronic Game Card, Inc.

Electronic Game Card, Inc., (EGMI), develops, produces and markets innovative
games to the promotional industry worldwide, casino and lottery. The Company's
lead product is the Electronic GameCard(TM), a unique credit card-sized pocket
game combining patent-pending proprietary technology of interactive capability
with "instant win" excitement. The "Electronic GameCard" can be programmed to
suit a variety of gaming and promotion applications.

EGMI's client base is across the $100 billion global market of, sales promotion,
gaming and casinos, Indian gaming and state and national lotteries markets. EGMI
develops sales and marketing relationships with agents globally and has a
technology licensing agreement with a major lottery focused US listed
corporation. For further information please visit

In February 2008, Electronic GameCard(TM) received Gaming Laboratory
International approval for security and product robustness. In July 2005, the
Public Gaming Research Institute (PGRI) named the Electronic GameCard(TM) as a
2005 Lottery Product of the Year.

Certain statements in this news release may constitute "forward-looking"
statements within the meaning of section 21E of the Securities and Exchange Act
of 1934. The Company believes that its expectations, as expressed in these
statements are based on reasonable assumptions regarding the risks and
uncertainties inherent in achieving those expectations. These statements are not,
however, guarantees of future performance and actual results may differ
materially. Risk factors are listed in the most recent Annual Report on Form
10-KSB and Quarterly Report on Form 10-QSB filed with the Securities and Exchange

SOURCE Electronic Game Card, Inc.

Copyright (C) 2008 PR Newswire. All rights reserved


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.