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June 26, 2008 - Easily Achieves Quorum
CARLSBAD, Calif., June 26 /PRNewswire--- NTN Buzztime, Inc. (AMEX: NTN), reported that at its annual meeting of stockholders completed today in Carlsbad, California, the stockholders re-elected the incumbent five-person Board of Directors and ratified the selection of its independent registered accountants.
The annual meeting had initially been convened on May 30, 2008, and had been adjourned to today.
Based on the preliminary report from the Inspector of Elections, over 64 percent of the Company’s stockholders attended the annual meeting, in person or by proxy. A dissident stockholder had incorrectly asserted in an SEC filing on June 25 that its efforts to defeat a quorum would result in no more than 44 percent attendance. Michael Fleming, Chairman and interim Chief Executive Officer of NTN Buzztime, Inc. said, “We appreciate the solid support we received today from the majority of our stockholders, as we move to implement our business plan.”
About NTN Buzztime, Inc.
NTN Buzztime, Inc., a leader in social interactive entertainment for more than 20 years, is based in Carlsbad, CA. Buzztime is distributed in-home and out-of-home across broadband platforms including online, cable TV, satellite TV, and in approximately 3,800 restaurants, sports bars and pubs throughout North America and the United Kingdom. Buzztime entertainment is also available on electronic games and in books. For more information, please visit http://www.buzztime.com.
Buzztime is a member of the OVAB |Out-of-home Video Advertising Bureau.
Buzztime and Play Along TV are registered trademarks of Buzztime Entertainment, Inc.
Forward-looking Statements
This release contains forward-looking statements which reflect management's current views of future events and operations including but not limited to estimates of financial performance and cash flows, trends in subscriber preference and engagement and results of marketing strategies. These statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include the risk of changing economic conditions, the impact of executive management transitions, failure of product demand or market acceptance of both existing and new products and services and the impact of competitive products and pricing. Please see NTN Buzztime, Inc.'s recent filings with the Securities and Exchange Commission for information about these and other risks that may affect the Company. All forward-looking statements included in this release are based on information available to us on the date hereof. These statements speak only as of the date hereof, and NTN Buzztime, Inc. does not undertake to publicly update or revise any of its forward-looking statements, even if experience or future changes show that the indicated results or events will not be realized.
BUZZTIME CONTACT:
Kendra Berger
Chief Financial Officer
NTN Buzztime, Inc.
760-438-7400
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