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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?


To: Texas77 who wrote (10359)1/27/2009 1:47:49 PM
From: WR61499  Respond to of 10368
 
I e-mailed Jeff and he responded right away(It was on a Sunday night,I'm impressed!) Here is what he said:

While nothing in life is ever certain and it would all depend on how the State of SC proposed to reinstitute video poker, we would certainly have to give it serious consideration. I would caution you that the fight over video poker the last time around was quite contentious and the industry made a number of missteps. I would do as much reading as possible before concluding there was a serious prospect for the reinstitution of video poker. Obviously, bingo halls represent an attractive flow and base of customers for whom video poker is an attractive pastime. We have 16 bingo halls currently and a couple more under contract to acquire. We are likely to trim a couple from the portfolio when and if we close the noted acquisition.



To: Texas77 who wrote (10359)4/1/2009 6:37:46 PM
From: WR61499  Read Replies (1) | Respond to of 10368
 
AUSTIN, Texas--(BUSINESS WIRE)--Littlefield Corporation (OTCBB: LTFD - News) announced it has sold its Premiere Tents and Events business unit located in Austin, Texas to an undisclosed purchaser. The asset sale is anticipated to result in a gain which will be determined in accordance with the terms of the purchase agreement and reflected in the Company’s second quarter results.

Jeffrey L Minch, President and CEO of Littlefield Corporation made the following comment:

“The sale of Premiere Tents & Events is a welcome development and the company is now in the hands of an owner for whom this business is their core business and who can provide the focus and expertise that such an opportunity deserves.

“Taken in concert with other important recent developments including the sale of Word of Mouth and the settlement of all regulatory matters pertaining to the South Carolina Department of Revenue, this sale will allow the Company to focus on growing its charitable bingo business.

“This sale is the culmination of a set of objectives crafted to allow the Company to streamline its operations and to focus exclusively on its core charitable bingo business.

“Thanks to the Premiere Tents folks who worked so hard in the face of a demanding and challenging market.”