TRANSGAMING APPOINTS LEO LAX, GENERAL PARTNER SKYPOINT CAPITAL, TO BOARD OF DIRECTORS
9/30/2010 8:30:05 AM - Market Wire
TORONTO, ONTARIO, Sep 30, 2010 (Marketwire via COMTEX News Network) --
TransGaming Inc. (TSX VENTURE:TNG) announces that Mr. Leo Lax was appointed to its board of directors at the Annual General Meeting of its shareholders held September 29, 2010.
Mr. Lax will be replacing Mr. Sean Wise, who has actively served as Chair of TransGaming's board for the last 5 years.
"On behalf of everyone at TransGaming, I would like to extend my deepest thanks to Sean for his incredible contributions and support over the last 5 years", commented Vikas Gupta, President & CEO of TransGaming. "It is also my pleasure to welcome Leo to the Board. Leo brings diverse experience with a proven track record in helping to rapidly grow Canadian companies to become global leaders. Leo's expertise and depth of experience are valuable attributes as we embark on a period of rapid growth and transformation with the upcoming launch of our GameTreeTV video games platform."
Mr. Lax co-founded Skypoint Capital Corporation in 1998. He has been the company's CEO since its inception. Prior to launching Skypoint, Mr. Lax established and managed Newbridge Network Corporation's Affiliates Program. Prior to Newbridge, Mr. Lax worked as a line manager and executive in R&D, marketing and sales, and business development, including nine years at Mitel Corporation, where he became Assistant Vice-President responsible for emerging businesses.
"I look forward to working with TransGaming's talented Board and management team to help the company capitalize on its growing opportunities as they prepare to launch the GametreeTV gaming platform to partners globally." said Leo Lax.
Leo holds a Bachelor of Electrical Engineering from McGill University and a Master's of Engineering from Royal Military College. He is a member of Professional Engineers of Ontario and a previous member of the board of directors of the Canadian Venture Capital Association.
This appointment is subject to the approval of the TSX Venture Exchange.
Leo joins Vikas Gupta, Gavriel State, Anthony DeCristofaro, Damian Cristiani, John Nemanic and Kerry Munro who were reappointed at the Annual General Meeting to serve another term.
EURO-YEN
AI
