Ader Group Announces The Launch Of WWW.RESCUEIGT.COM
HIGHLIGHTS HOW STOCKHOLDERS CAN HALT THE VALUE DESTRUCTION AT IGT BY ELECTING
ADER'S HIGHLY QUALIFIED, INDEPENDENT, FORWARD-LOOKING NOMINEES
NEW YORK, Jan. 31, 2013
NEW YORK, Jan. 31, 2013 /PRNewswire/ --Jason N. Ader of Ader Investment
Management (AIM) today announced the launch of WWW.RESCUEIGT.COM in connection
with the Ader Group's solicitation to elect stockholder representatives to the
Board of Directors at the Annual Meeting of International Game Technology,
scheduled for March5, 2013.
WWW.RESCUEIGT.COM will serve as a hub for IGT investors to access detailed
information regarding the value destruction overseen by the current Board and
management and the reasons why electing the forward-looking Ader nominees is
critical to rebuilding value at the company. Investors are urged to visit
WWW.RESCUEIGT.COM frequently to get updated information about the annual
meeting and how they can act to ensure that the value destructive strategies
of IGT's management and board are stopped by VOTING GOLD.
Ader said, "We believe IGT is suffering from:
(i)a lack of focus on the core slot machine and systems business that we
believe generated IGT's historic success;
(ii) a lack of casino gaming industry experience in executive management
(iii) the results of poor capital allocation decisions highlighted by a series
of costly non-strategic acquisitions."
Ader continued, "We are convinced our slate will make a major improvement in
this company. In establishing WWW.RESCUEIGT.COM, we hope to be able to make
information on IGT readily available to investors as we seek to empower fellow
stockholder owners of IGT who have lost confidence in this management team and
board because of the value destruction which they have suffered."
Most importantly, the Ader Group urges IGT stockholders to promptly vote for
Ader's three highly qualified, independent director nominees on the GOLD proxy
card. If you have questions about how to vote your shares, please contact
Ader's proxy solicitor, Innisfree M&A Incorporated, toll-free at (877)
Ader Investment Management LP leads the Ader Group, and other participants in
this solicitation, a group of concerned stockholders which beneficially own
approximately 3.0% of IGT's outstanding common stock. The Ader Group has been
troubled by the steady diminution in the value of our investment in recent
years, and believes our company can do better. As described in the Ader
Group's proxy materials, we believe IGT is in dire need of meaningful change
at the Board and management level. The Ader Group seeks your support for its
highly qualified, independent nominees and urges you to vote FOR the Ader
slate on its GOLD proxy card TODAY by signing, dating and returning the GOLD
The Ader Group (whose members are identified below) has nominated Raymond J.
Brooks, Jr., Charles N. Mathewson and Daniel B. Silvers (the "Ader Nominees")
as nominees to the board of directors of International Game Technology (the
"Company") and is soliciting votes for the election of the Ader Nominees as
members of the board. The Ader Group has sent a definitive proxy statement,
GOLD proxy card and related proxy materials to stockholders of the Company
seeking their support of the Ader Nominees at the Company's 2013 Annual
Meeting of Stockholders. Stockholders are urged to read the definitive proxy
statement and GOLD proxy card because they contain important information about
the Ader Group, the Ader Nominees, the Company and related matters.
Stockholders may obtain a free copy of the definitive proxy statement and GOLD
proxy card and other documents filed by the Ader Group with the Securities and
Exchange Commission ("SEC") at the SEC's web site at www.sec.gov. The
definitive proxy statement and other related documents filed by the Ader Group
with the SEC may also be obtained free of charge from the Ader Group.
The Ader Group consists of the following persons: Ader Investment Management
LP, Ader Long/Short Fund LP, Doha Partners I LP, Ader Fund Management LLC,
Ader Investment Management LLC, Jason N. Ader, Daniel B. Silvers, Andrew P.
Nelson and Laura T. Conover-Ferchak. The members of the Ader Group and the
Ader Nominees are participants in the solicitation from the Company's
stockholders of proxies in favor of the Ader Nominees. Such participants may
have interests in the solicitation, including as a result of holding shares of
the Company's common stock. Information regarding the participants and their
interests may be found in the definitive proxy statement of the Ader Group,
filed with the SEC on January 25, 2013 and first disseminated to stockholders
on or about January 28, 2013.
Certain information contained herein constitutes "forward-looking statements,"
which can be identified by the use of forward-looking terminology such as
"may," "will," "seek," "should," "expect," "anticipate," "project,"
"estimate," "intend," "continue" or "believe" or the negatives thereof or
other variations thereon or comparable terminology. Such statements are not
guarantees of future performance or activities. Due to various risks and
uncertainties, actual events or results or actual performance may differ
materially from those reflected or contemplated in such forward-looking
SOURCE Ader Investment Management LP
Contact: Jason N. Ader of Ader Investment Management LP, +1-212-445-7800; or
Jennifer Shotwell, Scott Winter or Jonathan Salzberger, +1-212-750-5833, all
of Innisfree M&A Incorporated; or Rob Ford, +1-212-999-5585, Rford@5wpr.com
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