You know how press releases often say nothing? This is an example.
CARLSBAD, Calif., June 5, 2012 /PRNewswire/ -- NTN Buzztime, Inc. (NYSE MKT: NTN) today announced that its Chief Executive Officer, Michael Bush, has announced his resignation as Chief Executive Officer effective June 4, 2012. Mr. Bush will serve the remainder of his term on the Board of Directors which ends June 8, 2012, the date of the company's annual meeting of stockholders. Mr. Bush has tendered a resignation from the Board of Directors, effective immediately following such annual meeting.
The Board has established an Interim Committee of the President to oversee day-to-day operations. Initially appointed to the Interim Committee are Jeff Berg, the Chairman of the Board of Directors, Kendra Berger, Chief Financial Officer, and Vladimir Edelman, Chief Content Officer. The Company is currently evaluating qualified candidates to serve as its next Chief Executive Officer.
The press release goes on with a fake quote attributed to the Chairman of the Board, but there's really no point in reproducing that part of the release. You can read it here if you're so inclined.
The last time that I mentioned Bush in this blog was last October, at the time that Stump! Trivia was acquired. However, NTN has suffered net losses each of the last four quarters:
Period ending March 30: (1,045)
Period ending December 30, 2011: (1,039)
Period ending September 29, 2011: (837)
Period ending June 29, 2011: (984)
(all numbers in thousands of US dollars)
As of this afternoon, Bush hasn't updated his LinkedIn page, though I doubt that he's shown up at Kelly temp services this week.
