TORONTO, ON / ACCESSWIRE / December 3, 2018 / Quantum International Income Corp. (the "Corporation" or "Quantum") (TSX-V: QIC) is pleased to announce that Mr. Jamie Boyden has been appointed to the Coin Operated Amusement Machine Operator Advisory Board.
The Coin Operated Amusement Machine ("COAM") Advisory Board advises the Georgia Lottery Corporation ("GLC") on public policy matters regarding the COAM industry in Georgia. The appointment recognizes Lucky Bucks role as a leader in the COAM industry with a clear focus on regulatory compliance.
Manu K. Sekhri, Chief Executive Officer of Quantum, added the following remarks: "We are very pleased with this appointment, which strengthens our ongoing efforts to work with the GLC and more broadly the Georgia government. We look forward to enhancing the already strong regulatory environment of the COAM industry and ensuring programs such as the HOPE Scholarship continue to benefit from the COAM industry."
Mr. Boyden currently serves as a Director and EVP of Corporate Development for Quantum's majority-owned subsidiary, Lucky Bucks, LLC ("Lucky Bucks"). Mr. Boyden earned a bachelor's degree from Tufts University and a master's degree from the University of Toronto. He is a graduate of the University of Nevada's Executive Development Program for Gaming.
Please, see the link below for the announcement on the Georgia Governor's website:
https://gov.georgia.gov/press-releases/2018-11-30/deal-appoints-14-boards
About HOPE Scholarship
HOPE Scholarship is a merit-based award available to Georgia residents who have demonstrated academic achievement. The scholarship provides tuition assistance to students pursuing an undergraduate degree at a HOPE Scholarship eligible college or university in Georgia. HOPE has provided more than $10 billion of financial assistance for educational programs beyond high school.
About Quantum International Income Corp.
Quantum International Income Corp. is a gaming company. Quantum's vision is to build a diversified portfolio of world-class gaming operations. The Corporation looks to enhance shareholder value by growing organically and through acquisitions. The Corporation has an active acquisition strategy with a particular focus on cash-flows and high margins. Currently, the Corporation is the largest route operator of skill-based gaming machines in the State of Georgia, United States of America.
Material information pertain to the Corporation may be found on SEDAR under Quantum's issuer profile at www.sedar.com or on Quantum's website at www.quantumincomecorp.com.
For further information please contact Quantum: | |
Manish Grigo | Stephanie Lippa |
Cautionary Statement Regarding Forward-Looking Information
This news release may contain forward-looking statements or "forward-looking information" within the meaning of applicable Canadian securities laws ("forward-looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. In this press release, forward-looking statements pertain, among other things, to the Corporation's ability to be a leader in the COAM industry; the ability of the Corporation to enhance the regulatory standards of the COAM industry; and the ability of the Corporation to ensure that programs such as the HOPE Scholarship continue to benefit from the COAM industry.
All forward-looking statements reflect the Corporation's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Corporation's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Corporation believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the following: the digital gaming terminals being fully-licensed by the Georgia State Lottery, the continuation of the Corporation's consolidation strategy in the Georgia gaming market, the growing footprint of Quantum in the Georgia gaming market, generating value for the shareholders of the Corporation, the regulatory regime governing the business of Quantum in Georgia, the exchange rate between the U.S. dollar and Canadian dollar, the ability to grow the business and generate stable distributions for shareholders, the availability of high growth, high margin opportunities, and the execution of the Corporation's business strategy.
Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the availability of opportunities to consolidate additional assets in the Georgia gaming market, the availability of investment opportunities on terms acceptable to the Corporation, the regulatory regime in the State of Georgia, the licensing regime governing the Georgia State Lottery, the exchange rate between the U.S. dollar and Canadian dollar, and other internal and external factors disclosed in the most recent annual information form of the Corporation and other documents publicly filed by the Corporation. Although Quantum has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Quantum International Income Corp.
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