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SOURCE The Ader Group
NEW YORK, March 5, 2013 /PRNewswire/ -- The Ader Group today announced that International Game Technology concluded that Daniel B. Silvers has been elected to the IGT Board of Directors at the Company's Annual Meeting, based on preliminary vote tabulations.
Jason N. Ader issued the following statement on today's results:
"This is a victory for all IGT shareholders. They have clearly communicated the need for positive change at IGT, and we are gratified by the mandate IGT shareholders have given us to help reinvigorate the company's core casino gaming business. We are eager to work diligently and cooperatively with IGT's Board, management and talented employees to create sustained performance improvement and long-term value for the benefit of all shareholders."
About Ader Investment Management LP
Ader Investment Management LP is a Delaware limited partnership that was founded in 2003. Ader Investment Management LP is an SEC-registered investment adviser with its principal place of business located in New York, New York. Ader Investment Management LP began conducting business in 2003, under the name of Hayground Cove Associates LP. In June 2011, Hayground Cove Associates LP changed its name to Ader Investment Management LP. Mr. Jason Ader is the sole principal of the firm, and is also the managing member and sole principal of the firm's general partner, Ader Fund Management LLC.
The principal investment advisory business of Ader Investment Management LP is the management of investment portfolios consisting primarily of equity securities on behalf of certain private funds and separately managed accounts.
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 statements.
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