To: Robert L. Akers who wrote (6497 ) 1/19/1998 9:18:00 PM From: catman Read Replies (3) | Respond to of 10368
To all. Get a load of this. Just showed up on wire. Monday January 19, 8:53 pm Eastern Time Company Press Release SOURCE: American Bingo & Gaming Corp. Greg Wilson Remains President and CEO of American Bingo & Gaming Corporation Wilson Announces Letter of Intent With Bingo and Gaming International Regarding Acquisition of Bingo Centers in Mississippi AUSTIN, Texas, Jan. 19 /PRNewswire/ -- Contrary to a previous report, Greg Wilson remains President, Chief Executive Officer and a Director of the American Bingo and Gaming Corp. (Nasdaq: BNGO - news). Courtland L. Logue, Jr. continues as Chairman of the Board. A press release issued January 16, 1998 stating that Wilson resigned is incorrect. We regret the error. In other company news, Mr. Wilson announced today that American Bingo and Gaming Corp. has entered into a letter of intent with Bingo and Gaming International regarding the acquisition of three bingo centers in the state of Mississippi, pending due diligence and drafting of final contracts. Mr. Wilson is the founder of the Company and under his leadership American Bingo has grown from one bingo center in 1987 to a successful public company that today produces well over $10 million in annual revenues. American Bingo is the market leader in the North American charitable bingo market. The Company derives revenues from its bingo centers in Texas, Alabama and South Carolina, and also generates significant revenues from its video gaming operations in South Carolina. Except for historical information contained herein, certain matters set forth in this press release are forward-looking statements that are subject to risks and uncertainties, including government regulation and taxation, customer attendance and spending, competition, general economic conditions and other risks detailed in the Company's SEC reports. SOURCE: American Bingo & Gaming Corp.