Youbet Shareholders Elect Donn, Liebau as Directors

Edited Youbet release shareholders have elected R. Douglas Donn and F. Jack Liebau to serve on the company's board of directors. Donn was CEO of Gulfstream Park Racing Association for more than two decades and Liebau is currently president of Bay Meadows Racing Association. The two racing executives were elected at the annual shareholders meeting last week.

With the addition of the two new directors, Youbet's board now has eight members, six of whom are "independent" according to the corporate governance rules of the Nasdaq Stock Market. Donn will serve on the board's Compensation and Strategic Planning Committees. Mr. Liebau will be a member of the Audit Committee.

Youbet shareholders also re-elected six incumbent directors: Chairman and CEO Charles F. Champion, vice chairman David M. Marshall and independent directors Gary Adelson, Joseph F. Barletta, Robert E. Brierley and former Illinois Gov. James Edgar.