January 8, 2008 - 9:01 AM EST
Global Networks Corp. Names High Profile CTO Who Also Joins Board of Directors
Global Networks Corp. (PINKSHEETS: GBNW) is pleased to announce that Siong H. Chan has been named CTO and will join its Board of Directors. Mr. Chan comes to the company with extensive background and experience in highly secured, client/server technology.
Server-based gaming technology is expected to rapidly replace existing gaming machines and kiosks as casinos rush to make their casino floors more profitable by marrying client/server technology to their traditional business model. The industry is on the cusp of technology change with billions of dollars at stake for companies supplying such technology and equipment. Players in the future will be able to access personal menus and any number of games from gaming machines linked to a casino's central server. Casino owners will be able to customize and model offers, preferences and profiles on their patrons delivering a more profitable customer relationship for the industry and a more rewarding gaming experience for their patrons.
"We are pleased to announce that Mr. Chan has decided to join the company and its Board of Directors, stated Shawn Balaghi the company's President." He goes on, "Securing Mr. Chan was a coup for the Global Networks. He is one of a handful of specialists in the field of client/server-based gaming technology for land-based casinos. That along with his expertise in planning and developing high volume, highly secured transaction-based systems for the defense and aerospace industries makes him the perfect fit for Global Networks and our ability to develop cutting edge, highly secured software systems for our clients and the industry as a whole."
The company plans an aggressive leap forward in technology advances over the coming months with the ultimate goal of developing the Holy Grail of gaming operating systems for land-based casinos that will add to the companies existing product line. We are committed to growing the existing suite of gaming content that will be able to seamlessly integrate into traditional casino environments. Mr. Balaghi stated, "We hope investors see that securing Mr. Chan is another strategic move in securing our future growth."
About Siong Chan
Siong Chan is the CTO of Global Networks Corp. where he adds significant expertise in developing and deploying highly secured, transaction-based client/server systems in the gaming field.
After receiving an advanced degree in Computing Science from Simon Fraser University, (SFU), Mr. Chan began a long and successful career with MacDonald Dettwiler and Associates, one of Canada's premier computer engineering and consulting firms. During his tenure he worked on several high profile government and private industry projects for the company rising through the ranks through successive promotions to become Senior Systems Engineer in the Earth Observation Division.
In 2005, Mr. Chan joined GDI Software Services of Canada as Director of Information Technology where he began applying his engineering and project management skills to development of systems for the gaming industry. At the time, GDI was just beginning the development of land-based gaming systems that were based on client/server technology, a new and burgeoning field.
About Global Networks Corp.
Global Networks Corp. (PINKSHEETS: GBNW) is an industry leader in server-based gaming software and kiosk products for the global casino industry. The company's proprietary state-of-the-art technology allows operators the ability to better manage and deploy multi game terminals and other gaming hardware with significantly greater ease and speed. The result is not only increased revenue throughout the traditional casino or betting parlor floor, but also the ability to deploy a "Casino in a box" concept to a much wider array of venues. This emerging growth technology, now being implemented throughout the world, allows for real-time CRM (customer relationship management), customized deployment programs for a large number of popular casino games, and allows operators to capitalize on an expanded base of marketing options. The end result is increased profitability on a per square foot basis for casino operators, and a better gaming experience for their patrons.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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Source: Marketwire (January 8, 2008 - 9:01 AM EST)
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