American Vantage Cos. Announces Termination of Contract With Table Mountain Rancheria Casino & Bingo.LAS VEGAS--(BUSINESS WIRE)--May 20, 1999-- American Vantage Companies (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :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 ) Thursday announced that it received formal notice from legal counsel of 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 that the General Council of the Table Mountain Rancheria recently voted to terminate the company's contract to provide casino consulting services to the Table Mountain Rancheria Casino & Bingo. Furthermore, termination notices were also given to the Tribal Business Committee (the then governing body Noun 1. governing body - the persons (or committees or departments etc.) who make up a body for the purpose of administering something; "he claims that the present administration is corrupt"; "the governance of an association is responsible to its members"; "he of the Tribe), the Casino President and former Tribal legal counsel. The company, which has consulted for the Band since 1990, has a contract with the Table Mountain Rancheria, which expires on June 30, 2000. The company is presently reviewing its alternatives. 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. that 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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