LOS ANGELES, CA--(Marketwired - Mar 25, 2015) - Neil Chandran, of SunGame Corporation (OTCBB: SGMZ) has resigned in his capacity as CEO and Director of the company. Raj Ponniah, Director, will be taking over as CEO in the interim. He has several years experience with the company in a management capacity.
"I am fully committed to continue to help SunGame grow as it has while I was CEO, but feel I will be more effective in a hands-on role ensuring the company's products and services are optimal in this lucrative but competitive market. Therefore I will continue to work with the company in the capacity of Founder and Product Development Manager, as well as supporting Sales and Marketing efforts worldwide," said Mr. Chandran shortly after the announcement was posted.
It was originally erroneously reported that Mr. Chandran had settled a securities violations case in Alberta, but that filing was amended as the case has not yet been resolved.
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.