Jersey Jack Pinball Announce Significant Investment
Jack Guarnieri, founder of Jersey Jack Pinball, has released a statement via PRNewswire to announce that the company has received significant investment from three highly lucrative sources and that the company will now be free to put complete focus back on making pinballs. The statement is as follows:
'Jersey Jack Pinball LLC, the New Jersey based award-winning pinball manufacturer and innovator, is pleased to announce a significant investment led by ThinkLAB Ventures, the family office of Time 100 honoree and Reader's Digest's "America's Best Boss" Leonard Abess, and joined by Tudor Investment Corp Managing Director Andrew Paul and Playboy CEO Scott Flanders.
Jersey Jack Pinball Founder and CEO Jack Guarnieri commented, "With this capital infusion we can now take our company to the next level. Our goal is to consistently deliver the finest games in the industry and the best game experience for our players." Jack continued, "This vote of confidence in me, in our Team, and in our products leaves no doubt that Jersey Jack Pinball will have the resources to develop and manufacture many more great games for our expanding worldwide player base for many years to come."
Lead investor, Leonard Abess says, "I have been a pinball fan my entire life. In Jersey Jack Pinball I saw a company that has both the creative vision and technical abilities to renew and reinvigorate this industry. I have known Jack Guarnieri for many years and delighted in watching him develop the ultimate pinball game to date, The Wizard of Oz."
Co-investor Andrew Paul added, "I am pleased to be associated with Jersey Jack Pinball. I have been a pinball fan since my teens and with Wizard of Oz, Jersey Jack is delivering absolutely state-of-the-art product. I am excited to be part of Jersey Jack Pinball as they develop the industry's most significant innovations and exciting games."'
Following this investment, Guarnieri has also provided an update on the highly anticipated The Hobbit Pinball machine, which was supposed to release last year, "We plan to begin sub-assemblies within the next month, with full production/shipping beginning early this Fall. We know our customers are anxious and excited for Hobbit Production to begin, and we are very close. We are doing everything in our power to get parts in as fast as possible while at the same time ensuring all are correct and thoroughly tested. JJP Programmers, Keith Johnson and Ted Estes are working diligently on Hobbit Software so that when games begin shipping, code is close to completion."
About Jersey Jack Pinball, LLC.
Jersey Jack Pinball, headquartered in central New Jersey, is a renowned manufacturer of modernized real, full-sized arcade commercial pinball machines. The company leads the industry with design and innovation. Veteran amusement industry figure Jack Guarnieri started in 1975 when he began servicing electro-mechanical pinball machines. Since then he has participated and led in all sides of the industry, from developing amusement centers, designing games, creating the online site PinballSales.com in 1999, and bringing Shuffle Alley back to life in 2002. In 2011, Jack Guarnieri saw a need for premium, technologically-advanced, and easily serviceable pinball machines and founded Jersey Jack Pinball. As of 2015, Jersey Jack Pinball machines can be found in 16 countries around the world. Following the success of its first game, The Wizard of Oz, Jersey Jack Pinball will manufacture the much anticipated Hobbit line of games this fall, and has announced a collaboration with famed pinball designer Pat Lawlor on a new, original-game to be launched in the spring of 2016.