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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

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Sep 29 11:29 AM EST

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To: Texas77 who wrote (10327)	6/26/2006 7:44:20 PM
From: WR61499	of 10368

Press Release Source: Littlefield Corporation Littlefield Corporation Announces Hospitality Performance Monday June 26, 4:49 pm ET AUSTIN, Texas--(BUSINESS WIRE)--June 26, 2006--Littlefield Corporation (OTCBB:LTFD - News) today announced that its hospitality performance in May 2006 was the highest monthly revenue. The Company has received several questions in regard to this matter and would like to ensure that all investors possess the same information. Highlights are as follows: 1. Premiere Tents & Events achieved its highest historic monthly revenue in May 2006 at $380,509. The previous highest monthly revenue was October 2005 at $313,398. 2. Premiere achieved its highest historic monthly net operating income in May 2006 at $118,013. The previous highest month was April 2005. 3. May 2006 was Word of Mouth's fifth highest revenue month. April 2006 was Word of Mouth's fourth highest revenue month. 4. April 2006 was Word of Mouth's second highest historic monthly net operating income at $84,921. The above numbers are before "intracompany eliminations." The seasonality of the hospitality business is such that April and May are usually very good months though one may be better than the other from year to year. In addition, the seasonality of Premiere and Word of Mouth is just a bit different with not both companies being in exact step with each other as it relates to revenue or income -- but they are very close. Jeffrey L. Minch, President and Chief Executive Officer of Littlefield Corporation, offered the following comments: "For some reason, the revenue and net income of Premiere and Word of Mouth in April and May has attracted a great number of questions. I don't think there is a lot of significance as to whether one year's or another April is better or worse than May. "May 2006 was a great month for both companies -- the best ever in Premiere and the fifth best for Word of Mouth. Combined they were the best month for Hospitality. "April 2006 was a very good month also. April 2005 was the best month in Word of Mouth's history. "In any event, the second quarter is shaping up as a very good quarter for Hospitality. "Thanks to all for all the hard work!"

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