Newgioco Appoints Two Experienced and Independent Directors to its Board

People News

Newgioco Group a global sports betting and gaming technology company providing fully integrated software solutions to regulated online and land-based gaming and sports betting operators, today announced the appointment of Paul Sallwasser and Steven A Shallcross to serve as independent directors of the Board effective June 13, 2018.

Messrs. Sallwasser and Shallcross shall also serve on the audit committee, the compensation committee, and the nomination and corporate governance committee of the Board.

“As a key first step towards accomplishing the goals stated in our recent Letter to Stockholders, we are very pleased to announce today the appointment of Paul and Steven to the Board and expect to announce a third independent member in the near future,” stated Chief Executive Officer, Michele (Mike) Ciavarella. “The accomplished caliber of our new Board members and their willingness to work with Newgioco is a testament to our commitment to good corporate governance. Their combined experience with publicly listed companies and SEC reporting will strengthen our ability to understand and address the needs of all our stakeholders. I look forward to working harmoniously with our Board and management team to accelerate the positive momentum of our leading-edge ELYS betting platform in the US sports betting market.”

Mr. Sallwasser currently serves as the CEO of the Florida Community Health Network and a director of Youngevity International, Inc. YGYI. He is a certified public accountant and began his career with Ernst & Young LLP (EY) in South Florida. He spent 39 years as a partner of the firm serving some of the largest publicly traded and government healthcare and biotechnology companies across the southeastern United States. During his career at EY, he served in the firm’s national office as a member of the Quality and Regulatory Matters Group which was responsible for the firm’s audit quality review program as well as representing the firm during the inspections by the Public Company Accounting Oversight Board (PCAOB) and the evaluation of the results from the PCAOB inspections. He graduated summa cum laude from Miami University (Ohio) with a B.S. in Accounting.