Littlefield reports new developments
21 April 2008
AUSTIN, Texas -- (PRESS RELEASE) -- Littlefield Corporation (OTCBB: LTFD) announces that it has executed a lease in Corpus Christi, Texas for a new bingo hall. The new bingo hall should be open on or about the first week in May.
In addition, the Company has confirmed its previous plans for new bingo halls in McAllen, Texas (where it already controls the real estate which will house the new bingo hall) and a new hall in El Paso, Texas (where it has signed a letter of intent for a lease).
Jeffrey L Minch, President and CEO of Littlefield Corporation made the following comment:
"The Corpus Christi market is the fourth largest bingo market in Texas and our new bingo hall will be a welcome addition to our portfolio.
We are working with several charities who should receive their licenses in sufficient time to open the bingo hall in accordance with our targeted early May date.
As soon as we open the new Corpus Christi bingo hall, we will begin a methodical renovation of the space.
In addition to this new bingo hall in Corpus Christi, we are also working on other new bingo halls in McAllen and El Paso.
In the McAllen location we already control the real estate and in El Paso we have a signed letter of intent."
Investors are always cautioned to be careful in drawing conclusions from a single press release, the Company's performance in a single quarter or the individual opinions of any member of the Company's management in making their individual investment decisions.