American Vantage Companies' Court Action Dismissed by California Superior Court.Business Editors LAS VEGAS--(BUSINESS WIRE)--April 25, 2001 American Vantage Companies (Nasdaq:AVCS AVCS Advanced Vehicle Control System AVCS Advanced Vidicon Camera System AVCS Automatic Vehicle Control Systems AVCS Active Vibration Control System AVCS Attitude and Velocity Control Subsystem AVCS Air Vehicle Control System AVCS Active Valve Control System ) (the "company") announced that the Superior Court of California, County of Fresno, recently filed an order dismissing the company's civil action against the Table Mountain Rancheria rancheria (ränchā`rēä), type of communal settlement formerly characteristic of the Yaqui Indians of Sonora, Mexico, and of various small Native American groups of the SW United States, especially in California. Band of Indians for breach and premature termination of the company's consulting contract for the Table Mountain Rancheria Casino casino or cassino (both: kəsē`nō). 1 Card game played with a full deck by two to four players. Its origins are obscure though it probably traces back to the Italian game of Scopa. & Bingo. The court's dismissal was based on its determination that federal law completely preempts the field of Indian gaming, but the state court made no ruling on the merits on the merits adj. referring to a judgment, decision or ruling of a court based upon the facts presented in evidence and the law applied to that evidence. A judge decides a case "on the merits" when he/she bases the decision on the fundamental issues and considers of the action. The company is considering its legal options, which include appealing the state court's decision and continuing to pursue its claim in the Ninth Circuit Federal Appeals Court. This news release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which are subject to risks and uncertainties. The company's actual results may differ materially from those described in any forward-looking statements. Additional information concerning potential risk factors that could affect the company's business and financial results are included in the company's filings with the Securities and Exchange Commission. They can also be found on the company's Web site at www.americanvantage.com and on the Securities and Exchange Commission's Web site at www.sec.gov. |
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