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

To: Nittany Lion who wrote (7323)	2/13/1998 11:33:00 AM
From: SE	Read Replies (1) \| Respond to of 10368

Now it really begins..... ------------- Friday February 13, 11:11 am Eastern Time Company Press Release SOURCE: American Bingo & Gaming Corp. American Bingo & Gaming Corp. Reconfirms Company's Financial Condition and Schedules Investor Conference Call AUSTIN, Texas, Feb. 13 /PRNewswire/ -- American Bingo & Gaming Corp. (Nasdaq: BNGO - news) today announced that, despite the recent volatility in the Company's stock price, the Company's financial condition is as strong as ever. The Company currently has total assets in excess of $22 million, very little debt and a net book value of approximately $20 million. The Company currently has over $11.5 million of cash on hand. The Company's current net book value per share is approximately $2.15 and cash per share is approximately $1.25. The Company is far better capitalized today than at any other time in its history. The Company remains aggressively focused on consolidating the $5 billion North American charitable bingo industry that has over 35,000 bingo centers. The Company presently has no comparable public or private competition in this market. In just the first month of 1998 the Company has already announced four accretive bingo center acquisitions in Mississippi and Texas which are expected to close in the first quarter. The Company is also working on the potential acquisition of an additional 10-15 bingo centers for the first half of 1998. The Company has scheduled an investor conference call for next Tuesday, February 17, 1998 at 4:15 p.m. EST to discuss these and other business issues. The Company invites all interested investors to listen to this call by calling 1-800-275-3210. This call will be recorded and may be heard again by calling 1-888-284-4556 through 5:00 p.m. EST Friday, February 20, 1998. American Bingo is the market leader in North American charitable bingo market. The Company derives revenues from its bingo centers in Texas, Alabama and South Carolina, and also generates revenues from its video gaming operations in South Carolina. The Company recently announced expansion plans in Texas and Mississippi bingo markets. Except for historical information contained herein, certain matters set forth in this press release are forward looking statements that are subject to substantial 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.