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Atronic CEO Resigns

SCOTTSDALE, Arizona – (PRESS RELEASE) -- Atronic Americas, leading supplier of slot machines, announces the resignation of its CEO, Joe Bailo, due to personal reasons.

"Joe has been a loyal and dedicated member of the Atronic Great People team and contributed significantly to the build up and positioning of the company for the last nine years," said Gerhard Burda, Group CEO of Atronic.

CFO Michael Lauer has been appointed Atronic Americas' CEO on an interim basis, effective immediately. Mr. Lauer will also continue to perform his duties as CFO. "We are confident that Michael Lauer will be able to bridge the gap until a new appointment has been made," said Mr. Burda.

Michael Lauer joined Atronic Americas as its CFO in October 2003. Prior to joining Atronic, Michael was Director of Finance of a 200-employee High-Tech start-up and has also held management positions in Finance with the European divisions of Coca-Cola and Gillette.

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