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Midway
Chairman of the Board Resigns
(Press
Release)
CHICAGO--(BUSINESS
WIRE)--June 4, 2004--Midway Games Inc. (NYSE:MWY) announced today that
it has been informed by its Chairman of the Board of Directors, Neil D.
Nicastro, that Mr. Nicastro intends to resign as Chairman of the Midway
board immediately following the June 10 annual meeting of Midway
stockholders.
"I
believe that Midway is a tremendous company with a bright future, but
for personal and professional reasons the time has come for me to move
on," said Mr. Nicastro. Midway's largest shareholders are Sumner M.
Redstone and National Amusements Inc., who collectively own
approximately 68% of Midway's outstanding shares. Mr. Redstone stated,
"I personally appreciate the dedication and skill Neil has brought
to his work for Midway over the years. Midway will announce a highly
qualified successor shortly following the June 10th annual
meeting."
Midway
Games Inc. is a leading developer and publisher of interactive
entertainment software. Midway videogames are available for play on all
major videogame platforms including the PlayStation(R)2 computer
entertainment system, Xbox(TM) video game system from Microsoft, and
Nintendo GameCube(TM) and Game Boy(R) Advance.