The World Poker Store, Inc. Announces New Board Member and Management Promotion
ST. PAUL, MN -- (MARKET WIRE) -- May 13, 2008 --
The World Poker Store, Inc. (PINKSHEETS: WPKS), an international entertainment company, announces changes to its
board of directors and management team.
The company is pleased to add Lili Pan to its board of directors. Mr. Pan
has been a consultant to the company and pivotal to the expansion into
China. Mr. Pan has also been appointed to an executive level position at
the company's Chinese subsidiary, Shenzhen WPS Entertainment Development
Co. Ltd., where he will focus on expanding operations into additional
Chinese cities. Mr. Pan is a native of China, earned a BA degree from
Hunan Agricultural University, a MS degree from the University of
Minnesota, and a MBA from the University of St. Thomas. Over the last
fourteen years Mr. Pan has worked with American businesses to expand their
opportunities in China, and has worked on developing sister-city
relationships between China and United States cities. Mr. Pan is an
Economic Development Advisor to the city of Loudi China, and a former Vice
President of the Chinese American Business Association of Minnesota.
Greg Needham, Board Member and Vice President of Marketing and Business
Development, has been promoted to Chief Operating Officer. Mr. Needham has
been with the company since its inception and has played a crucial role in
developing the Bar Poker League and the Player Card system into a scalable
international opportunity.
Philip Wood and David Riggs have stepped down from the Board of Directors.
About The World Poker Store, Inc.
The company is currently expanding The Bar Poker League and its proprietary
Player Card system through license agreements and league sponsorships in
the United States and Europe. Further expansion into China continues with
company owned and operated upscale, membership based, entertainment clubs
that offer Las Vegas style entertainment, Texas Hold 'em poker tournaments
and VIP amenities. The company also continues to benefit from the support
of its advisory board of world class poker players Marcel Luske, Phil
Hellmuth, Johnny Chan, Patrik Antonius, Hoyt Corkins and Liz Lieu.
Additional information about the company can be found on its website
www.theworldpokerstore.com.
This press release contains information that constitutes forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Any such forward-looking
statements involve risks and uncertainties that could cause actual results
to differ materially from any future results described within the
forward-looking statements. The forward-looking information provided herein
represents the Company's estimates as of the date of the press release, and
subsequent events and developments may cause the Company's estimates to
change. The Company specifically disclaims any obligation to update the
forward-looking information in the future. Therefore, this forward-looking
information should not be relied upon as representing the Company's
estimates of its future financial performance as of any date subsequent to
the date of this press release.
CONTACT:
Mike Sikkink
PHONE: 651-286-8918
EMAIL: investorrelations@theworldpokerstore.com