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April 20, 2005: Ecast's Vann-Adib Resigns; Sega Closes Joypolis Following Customer Death; Wells-Gardner To Acquire Pentranic LCD Business

Posted On: 4/20/2005

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VANN-ADIBÉ EXITS ECAST; TAYLOR STEPS IN AS INTERIM CEO

SAN FRANCISCO - After nearly three and a half years, Ecast chief executive Robbie Vann-Adib�© has resigned his post at the broadband-enabled, commercial jukebox network provider, effective immediately, citing personal reasons. John Taylor, Ecast's senior vice-president of sales and business development for the past two years, has been selected by the company's board of directors to assume the role of interim chief executive while a permanent replacement is sought. Vann-Adib�© took the company from 300 Ecast-powered jukeboxes in the field in 2003 to more than 3,700 on site today. Ecast director Jim Feuille, a partner at Crosslink Capital, thanked Vann-Adib�© for his "extremely beneficial" leadership, adding, "Ecast's investors and board of directors believe strongly in the company and its leadership." Taylor joined Ecast's senior management team in January of 2003 from Macromedi, where he was an executive in the product group. He has more than 20 years of executive management and sales experience in the technology and Internet business sectors.

 

SEGA CLOSES TOKYO FUN CENTER AFTER CUSTOMER FATALITY

According to GameSpot, http://www.gamespot.com, Sega president Hisao Oguchi held a press conference and took responsibility for the fatal accident, saying: "It was our mistake. We never had an accident up until now." Sega's internal investigation revealed that site employees had been using an unapproved, unofficial manual, which stated that customers could ride simulators without using restraints at staff discretion. Oguchi said top management did not know about this manual, which directly contradicted the official written policy for Joypolis operations.

 

Law enforcement is reportedly investigating whether staff was negligent in the matter. But some local newspapers, such as Japan Today, immediately announced negligence as a foregone conclusion in headlines on their English language websites.

 

WELLS-GARDNER TO ACQUIRE PENTRANIC GROUP'S LCD, MONITOR BUSINESS

CHICAGO , Wells-Gardner Electronics Corp. has signed a non-binding letter of intent to purchase all of the outstanding stock of Pentranic Group Ltd. of Livingston, Scotland, a manufacturer of CRT monitors and LCDs for the gaming and amusement markets in Europe. The terms of the transaction have not been disclosed. The deal is subject to due diligence, negotiation of a definitive agreement and the approval of the Wells-Gardner board of directors, and Pentranic Group's disposition or spin-off of its power supply business and real estate assets, which will not be included in the purchase. Assuming satisfaction of these conditions, Wells-Gardner expects the transaction to close by mid-June. W-G chairman Tony Spier said the purchase will "make Wells-Gardner the leading global supplier of LCDs and color video monitors to the worldwide gaming market."

 


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