TransGaming Inc.
TSX VENTURE : TNG

TransGaming Inc.

December 22, 2014 09:00 ET

TransGaming Announces Changes to Management Team

TORONTO, ONTARIO--(Marketwired - Dec. 22, 2014) - TransGaming Inc. (TSX VENTURE:TNG) today announced that Mr. Vikas Gupta will be resigning his position as CEO & President of TransGaming effective January 2nd, 2015, to pursue new opportunities. Mr. Gupta will remain on the Board of Directors and has been appointed to the role of Vice Chairman and has also been engaged by the company in a strategic advisory capacity to provide ongoing leadership to the company and its management and to ensure a smooth transition.

Dennis Ensing, currently the Company's CFO, has been promoted to the role of Chief Operating Officer and has been appointed by the Board of Directors as Interim CEO, taking responsibility for day-to-day operations. The Board of Directors has formed a search committee and has initiated the recruitment effort for a permanent CEO.

"Vikas has exemplified exceptional leadership and passion during his tenure at TransGaming. In turbulent economic times he has led the company with courage, made strategic decisions to ensure TransGaming's ongoing viability and strength, and has positioned the company for major growth," stated Leo Lax, Chairman of the Board of Directors of TransGaming. "As he commences the next chapter of his career, we thank him for his tireless contributions. Vikas leaves with my best wishes on a bright future ahead and with the gratitude of everyone at TransGaming for all he has given."

"It is with mixed emotions that I have made the decision to leave my tenure as CEO & President of TransGaming. I set this transition into motion many months ago by building an exceptional leadership team that is highly capable, engaged, and incredibly determined to see TransGaming escalate to the next level of success; I am excited about the company's future. I am concluding a wonderful career at TransGaming that has been replete with outstanding experiences and deep learning opportunities. I have had the privilege of working with among the most remarkable and brightest people in the industry and I am proud of all that we have accomplished together," commented Vikas Gupta. "Given my long-standing history at TransGaming, it is the right time for me to pursue new entrepreneurial initiatives and challenges. TransGaming is destined for amazing things ahead and I will continue to help guide, strategize, and mentor as Vice Chairman of the Board of Directors."

About TransGaming

TransGaming Inc. (TSX VENTURE:TNG) is the global leader in developing and delivering platform-defining social video game experiences to consumers around the world. From engineering essential technologies for the world's leading companies, to engaging audiences with truly immersive interactive experiences, TransGaming fuels disruptive innovation across the entire spectrum of consumer technology. TransGaming's core businesses span the digital distribution of games for Smart TVs, next-generation set-top boxes, and the connected living room, as well as technology licensing for cross-platform game enablement, software 3D graphics rendering, and parallel computing. Discover more at: www.transgaming.com.

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