Full Press Release Details
NTN Buzztime Names Allen Wolff Chief
CARLSBAD, Calif., December 19, 2014
- NTN Buzztime, Inc. (NYSE MKT: NTN) hired Allen Wolff, 42, as chief financial officer effective December 29, 2014.
Wolff, among other responsibilities, will assume the principal accounting duties and report directly to CEO Ram Krishnan.
Sandra Gurrola, who served as the interim principal accounting officer since September 8, 2014, will continue to serve as
vice president of finance and report to Wolff.
"We are excited to have Allen join
the team, as his deep financial acumen will complement the leadership bench we grew in 2014," said Buzztime CEO Ram Krishnan.
"A seasoned financial executive, Allen has secured strategic capital financing and led various stage companies through expansion,
demonstrating his ability to scale businesses. Additionally, he has distinctive experience having held various leadership positions
in the wide array of industries, including Software-as-a-Service, e-payments, finance and casual dining. We believe all of this
will be instrumental for Buzztime as we continue to move forward in investing in our product portfolio to deliver a compelling
entertainment experience. I'd also like to thank Sandra Gurrola for her leadership and command during this past quarter and
look forward to her on-going contributions."
added, "Buzztime's new BEOND platform is bringing cutting edge technology to bars and restaurants. The new features
are being well received, and the platform is configured to expand by offering more loyalty building games, a revenue generating
arcade and cost saving point-of-service attributes. I have been impressed with the leadership team evolution and am attracted to
Buzztime's growth opportunity. I look forward to helping scale the company and build its financial strength."
Most recently, Wolff served as the chief
financial strategist of PlumDiggity, a financial and marketing strategy firm that he co-founded. Prior to PlumDiggity, Wolff served
as a director of 365 Retail Markets, a self-checkout point-of-sale technology company, and ultimately joined the company as CFO
in 2012. From July 2011 to April 2013, simultaneous with his role at 365 Retail Markets, Wolff was an investor and had the leadership
role of "Game Changer" at Crowdrise, an online fundraising platform co-founded by the actor Edward Norton. Wolff joined
Crowdrise after incubating Retail Capital, a small business specialty finance company. In January 2006 he co-founded PaySimple,
a SaaS-based online payment solution that offers integrated invoicing and payment acceptance in one system. In addition to serving
on PaySimple's Board of Directors, Wolff held various roles through January 2011 including CFO and President. In addition,
Wolff was a principal from 1998 to 2012 for a casual dining restaurant where he structured a joint venture to open his business
and subsequently converted the business to a franchise. Earlier in his career, Wolff worked at SpaceVest, a venture capital firm
focused on expansion stage technology companies. Wolff holds a BA from the University of Michigan and an MBA from the University
of Maryland, R.H. Smith School of Business.
NTN Buzztime, Inc. (NYSE MKT: NTN) is a
leading bar and restaurant social entertainment and integrated marketing platform. Trusted by bars and restaurants in North America
since 1985, Buzztime integrates trivia, card and sports games with in- and out-of-venue messaging and communication tools. With
over 6 million player registrations on the Buzztime platform and over 60 million games played each year, Buzztime players spread
the word and invite friends and family to their favorite Buzztime locations to enjoy evenings of fun and competition. With Buzztime
entertainment and marketing solutions, bars and restaurants can turn casual visitors into regulars, and give patrons a reason to
Facebook or Twitter @buzztime.
Monica Chang/Kirsten Chapman, LHA, buzztime@lhai.com , 415-433-3777