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Non-Tech : CDWN - Colonial Downs (1st Horse Track in VA since 1800s)

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To: H.J. Schellenberg who wrote (19)8/1/1997 1:02:00 PM
From: H.J. Schellenberg   of 158
 
Press Release Aug 1 1997 - CDWN Moved Up to NASDAQ NMS

NEW KENT, Va.--(BUSINESS WIRE)--Aug. 1, 1997--Please include Colonial Downs Holdings, Inc. (NASDAQ: CDWN) in your daily and weekly stock market summaries. We are a Virginia company with a significant shareholder base in Virginia. Colonial Downs Holdings, Inc. became a public company in March of 1997 and trades on the NASDAQ National Market System under the symbol CDWN.

Colonial Downs Holdings, Inc.'s Director of Shareholder's Relations is Herb Jones who can supply further information.

Colonial Downs Holdings, Inc. is a Virginia corporation organized in November 1996 to pursue opportunities for pari-mutuel wagering and horse racing in Virginia. The company holds the only unlimited license in Virginia to own and operate a pari-mutuel horse racecourse and simulcast racing centers.

For more information or to set up an interview call Margaret Crossen or Jennifer Ebert at the Colonial Downs Information Center at 1-888-4VA-TRACK or Herb Jones at (804)966-9817.

CONTACT: Colonial Downs Information Center
Margaret Crossen or Jennifer Ebert, 888/4VA-TRACK or
Herb Jones, 804/966-9817

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