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TORONTO, April 12, 2021 /CNW/ - The CEO of Interactive Games Technologies Inc. ("IGT") (CSE: BETS) (FSE: F0O3) (OTC: BLITF) Chris Neville provided the following statement regarding the trading halt imposed on IGT's common shares on Friday, April 9, 2021: "Contrary to the information distributed last week by certain individuals purporting to act on behalf of IGT, I have neither resigned nor been terminated as CEO of IGT. I am currently working with the British Columbia Securities Commission and The Canadian Securities Exchange ("CSE") on a number of issues at the board level which I hope will be resolved in due time. As CEO, from day one I have been working for all shareholders of IGT to create maximum value for the majority and also minority shareholders. As CEO, I have raised serious concerns that a large shareholder is effecting and steering the direction of IGT without authority, with the support and encouragement of two board directors." Mr. Neville continued "Highly important information regarding certain potential transactions has been not provided to the CEO of IGT and meetings have been held without the CEO being privy. I will continue to act in the best interest of all shareholders of IGT and will work diligently with both The CSE and British Columbia Securities Commission to ensure all shareholders receive equal value from any and all transactions that occur with the company."
A further update will be provided if any material transaction is entered into or there are further developments on these issues.
IGT.BET is a publicly traded company listed in Canada, the USA and Germany (CSE: BETS; OTCQB: BLITF; FRA: F0O). The Company, led by a management team with a combined experience of over 50 years leading online gaming companies globally, is in the business of providing its customers with entertaining, exciting and engaging online gaming products with a unique brand position and a blend of skill-based games and games of chance. The Company's product suite includes social gaming, fantasy sports, quiz games, poker, rummy, sports betting, as well as thrilling games of chance as part of its certifiably fair online casino. The product offering is available in countries in line with each jurisdiction's current regulatory environment. The Company will soon be adding to both its product offering and geographic availability as it strives to make its products available globally.
This press release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "likely" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. The forward-looking statements in this press release include statements relating resolution of board issues. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws.
SOURCE Chris Neville
View original content: http://www.newswire.ca/en/releases/archive/April2021/12/c3515.html