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Ader Group Sends Letter To IGT Stockholders Highlighting Customer Concerns With IGT


We are convinced that our highly-qualified, independent, forward-looking nominees are in the best position to look out for your interests:
  • Mr. Mathewson offers his fellow shareholders a unique blend of experience and independence.  He has garnered decades of industry expertise, including approximately 17 years at IGT – during which time your company's stock price increased by 25,481% on a split-adjusted basis.  At the same time, he now also provides the clarity of a broader, more objective perspective, having not served as an IGT employee or director since his retirement in 2003.  He is not afraid of stating the hard facts in the boardroom.
  • Mr. Silvers brings to the boardroom the benefit of his seventeen years of analytical experience in the casino gaming industry and Nevada market, as well as hands on work with many IGT customers and competitors in the core slot machine and systems business.  He also has extensive financial markets experience which we believe is currently underrepresented in the boardroom.
  • Mr. Brooks also provides extensive capital markets experience, particularly in investing in distressed companies and debt, and we believe his financially disciplined approach will serve investors well in the boardroom.

We strongly urge you to seize the opportunity our nominees offer for meaningful change in the IGT boardroom.   Please vote FOR the Ader slate TODAY – by using the enclosed GOLD proxy card to vote by telephone, by Internet or by signing, dating and returning the GOLD proxy card in the postage-paid envelope provided. 

Thank you for your support,

Jason N. Ader

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.

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