155 East Tropicana Receives $1.5 Million Deposit on Purchase Agreement.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- As previously reported, 155 East Tropicana, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (the "Company") entered into a definitive Asset Purchase Agreement with Hedwigs Las Vegas Top Tier, LLC (the "Buyer"), an affiliate of the investment group led by NTH nth adj. 1. Relating to an unspecified ordinal number: ten to the nth power. 2. Highest; utmost: delighted to the nth degree. Advisory Group, LLC. Also as previously reported, the Company subsequently entered into a first and second amendment to the Asset Purchase Agreement (collectively, the "Agreement"). Under the terms of the Agreement the Buyer was required to pay a non-refundable deposit of $1.5 million by 5:00 p.m. PST PST Paroxysmal supraventricular tachycardia, see there on November 15, 2007. On November 26, 2007, the deposit was paid by the Buyer and accepted by the Company. The closing under the Agreement remains subject to the completion of certain conditions described in the Agreement. There can be no assurance that (i) the conditions to closing under the Agreement will ever be satisfied, or (ii) any transaction contemplated under the Agreement will be consummated, or (iii) if a transaction is consummated, it will be on the same or similar terms as currently provided under the Agreement. About NTH Advisory Group, LLC NTH Advisory Group, LLC, is a Santa Monica, California For other uses, see Santa Monica (disambiguation). Santa Monica is a coastal city in western Los Angeles County, California, USA. Situated on Santa Monica Bay of the Pacific Ocean, it is surrounded by the City of Los Angeles — Pacific Palisades and Brentwood on the north, based casino and hotel development and advisory firm led by Richard Bosworth, its Principal and President. About 155 East Tropicana, LLC 155 East Tropicana, LLC owns the Hooters Casino Hotel
Forward-Looking Statements This release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual events or results in future periods may differ materially from forward-looking statements made today because of a number of risks and uncertainties, including, but not limited to the uncertainties described above and the risks related to our substantial level of debt and our debt obligations and covenants; the implementation of the Company's business and marketing strategies; the Company's short operating history; the Company's dependence on one gaming site; changes in and challenges to gaming laws and regulations; competition; changes in federal or state tax laws; and factors beyond our control. Additional information about factors that could affect the Company's business is set forth in the Company's SEC filings. |
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