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LGA ENTERTAINMENT | 12345 Paseo Claussen avePhoenix, AZ 85032Phone (623) 555-0190Fax (623) 555-0191 |
Press Release Contact: Mario de la GalaPhone: (623) 555-0190 | FOR IMMEDIATE RELEASE9 A.M. WDT, September 10, 2012 |
LGA ENTErTaINMENT
PHOENIX, AZ, September 10, 2012: LGA Entertainment announced the resignation of Alberto Lizarraga, Chief Financial Officer of LGA Entertainment effective September 07th of the current year in order to pursue other career opportunities. Lizarraga's departure does not result from any disagreement with LGA Entertainment on any matter relating to LGA Entertainment's operations, policies or practices.
LGA Entertainment’s CEO said: “On behalf of everyone at LGA Entertainment, I thank Alberto for his contributions during his tenure as CFO during which LGA Entertainment has grown to another level. We wish Alberto well in all of his future endeavors”.
Mr. Lizarraga was elected by the board of directors as LGA’s Chief Financial Officer, effective September 01, 2000. Mr Lizarraga is a financial executive with over 20 years of experience and proven record of success. He came into the company shortly after receiving his MBA from University of Phoenix. Alberto has contributed to the financial success of the company for 12 years.
The appointment of the new Chief Financial Officer at LGA Entertainment is a matter for the board of directors. Before Lizarraga’s replacement is selected, the boards of directors need to have meetings to approve the motion.
“There is a serious concerns regarding Lizarraga’s resignation” said Mario de la Gala, CEO at LGA. “We have created a team that is dedicated to investigate if there was any misconduct in regards to the financials status of the organization”. The team will provide the results regarding its actions and any other findings requested by the Securities and Exchange Commission.

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