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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: y2kfree_radical who wrote (46481)	5/10/2000 6:38:00 PM
From: Jim Bishop	Respond to of 150070

ALHY here's the news from the 10Q. It's not that bad, net loss per share up from (-.03) to (-.01) NEW YORK--(BUSINESS WIRE)--May 10, 2000--Alpha Hospitality Corporation (NASDAQ - ALHY; BSE - ALH; WARRANTS: OTCBB - ALHYW; BSE - ALHW) (the ``Company''), which is operating as a holding company and a vehicle to effect acquisitions, today reported results for the quarter ended March 31, 2000. The results reflect the general and administrative expenses related to the pursuit of potential new business opportunities. ALPHA HOSPITALITY CORPORATION AND SUBSIDIARIES Summary Balance Sheet Data March 31, 2000 (in thousands) Cash $ 4,566 Total current assets 4,853 Net property and equipment 4,968 Other assets 1,970 ---------- Total asset $ 11,791 ========= Total current liabilities $ 3,788 Total long-term liabilities 1,687 Total shareholders' equity 6,316 ---------- Total liabilities and equity $ 11,791 ========= ALPHA HOSPITALITY CORPORATION AND SUBSIDIARIES Summary Consolidated Statements of Operations (in thousands, except per share data) Quarter Ended March 31 2000 1999 ---------------------------- Revenues $ 36 $ 43 Costs and expenses (165) (538) ----------- ----------- Net Loss (129) (495) =========== =========== Net loss per share, Common and diluted $ (.01) $ (.03) =========== =========== To the extent the content of this press release includes forward-looking statements, they involve risks and uncertainties that are described from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company wishes to caution readers not to place undue reliance on such forward-looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act of 1994, and as such, speak only as of the date made. This release, and prior releases are available on the KCSA Public Relations Worldwide Website at www.kcsa.com Contact: Alpha Hospitality Corp. Thomas W. Aro, Executive Vice President (212) 750-3500 -or- KCSA Contact: Leslie A. Schupak/Joseph A. Mansi (212) 896-1207/1205