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

To: Nittany Lion who wrote (8581)	5/19/1998 9:48:00 PM
From: T.K. Allen	Read Replies (2) \| Respond to of 10368

My take on the conference call? I am very impressed with Mr. Hilliou for several reasons. I have recapped below some of his comments on the broad issues outlined in our memorandum. Investor Communications: - Hilliou will be the primary contact for investor communications. - Status of all three of the PR consultants will be reviewed. - Promises monthly status report. - Holds conference call two days after assuming control and expects to hold frequent conference calls in the future. - I liked his comment, "If you aren't willing to talk to your shareholders you shouldn't be in management". Management: - ALL salaries, including Board members, are under review. - Looking to eliminate duplication of effort. - Wants to coordinate SC VGM operations into a cohesive unit. - Wants to define criteria for profitable bingo halls so these criteria can be applied in "cookie cutter" fashion elsewhere. - Wants to learn from successful hall managers what works and what doesn't so this knowledge can be passed along to other hall managers. - Wants to establish an incentive plan for hall managers. I am particularly pleased with this concept because I am a HUGE believer in incentives. It has been my experience that proper incentives work wonders at all levels. It works with my kids, it has worked with my employees, and it works with ME. Business Plan: - Bingo will apparently still be a significant component of AB&G's growth plan. - Many different venues under consideration for expansion including Colorado, Montana, Louisiana, Mississippi, and (did I hear this right? Wisconsin. - More SC VGMs are possible if there is a favorable outcome to the SC Supreme Court case. Obviously, most of what was said was of a conceptual nature which is to be expected given the fact he has only been formally in charge for two days. So...before somebody else says it, let me be the first to say, "Talk's cheap". I heard a lot of good words today and my impression is that Mr. Hilliou is willing to work hard to make it happen. If they back up the words with demonstrable action, BNGO should rise again. I am hopeful. TKA

To: Nittany Lion who wrote (8581)	5/19/1998 11:18:00 PM
From: Nittany Lion	Read Replies (1) \| Respond to of 10368

To partially answer my own question: Colorado Gaming is regulated under the Colorado Limited Gaming Act. Limited Gaming is defined as slot machines, poker and Blackjack and is permitted in the city of Central, cty of Gilpin, city of Black Hawk, cty of Gilpin and the city of Cripple Creek, cty of Teller. The max. bet is $5 and there are 5 different licenses involved including an Operator's license for those who engage in the business of placing and operating slot machines such as slot machine routers. It would therefore appear that Colorado is a distinct possibility. The exact definition of slot machines is as follows: "Slot machine" means any mechanical, electrical, video, electronic, or other device, contrivance, or machine which, after insertion of a coin, token, or similar object, or upon payment of any required consideration whatsoever by a player, is available to be played or operated, and which, whether by reason of the skill of the player or application of the element of chance, or both, may deliver or entitle the player operating the machine to receive cash premiums, merchandise, tokens, or redeemable game credits, or any other thing of value other than unredeemable free games, whether the payoff is made automatically from the machines or in any other manner. BTW, he did also mention Wisconsin - I'll defer to Scott Edwards for that one. Gary