Clarification of KLH letter of intent with President Casinos.ENGLEWOOD, Colo.--(BUSINESS WIRE)--Feb. 22, 1995--KLH Engineering Group Inc. (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 Bulletin Board:KLHE) announced Wednesday a clarification of the letter of intent announced on Feb. 21, 1995. KLH KLH Keyhole Limpet Hemocyanin KLH Knight of the Legion of Honour KLH Kloss, Lowe and Hoffman (audio equipment brand) KLH Korea Light Helicopter Group is to engineer, design, build, develop and operate a Class III casino (blackjack blackjack, one of the world's most widely played gambling card games; also known as twenty-one or vingt-et-un. Despite contesting claims between the French and Italians, its origins are unknown. , craps craps: see dice. craps Gambling game in which each player in turn throws two dice, attempting to roll a winning combination. The term derives from a Louisiana French word, crabs, which means “losing throw. , roulette, slot machine - if permitted by the state bingo, pull-tabs, poker, and all other forms of commercial gaming) for the St. Regis Mohawk Tribe in upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. . President Casinos President Casinos ((OTC:PREZQ.OB)) is a gaming company and casino operator based in Saint Louis, Missouri. History On June 20, 2002 President Casinos and President Riverboat Casino-Missouri filed for Chapter 11 bankruptcy. will act as a temporary manager for the purpose of maximizing the operation's revenues and profits in order to promote the tribe's economic self-sufficiency, self-determination and strong tribal government. KLH, under the letter of intent, will receive a negotiated percentage of the management fee and will perform all construction for the facility. Subject to the execution of definitive agreements and receipt of various approvals, the tribe will be responsible for all payments to KLH for construction expenses out of its (the tribe's) percentage of net revenues. This New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of state-approved casino could be operational within six months. Currently, in excess of 22 million adults visit a region within 200 miles of Messena, N.Y., the site of the St. Regis Casino. Turning Stone Casino in Verona, N.Y., (the only other New York state-approved Indian casino) was recently ranked by USA Today research as one of the most successful Native American gaming operations in the United States. KLH, a Native American majority-owned engineering/construction firm based in Englewood, recently announced that it had decided to pursue design/construction opportunities in the Indian gaming industry. As a result of the company's experience, excellent reputation and strong relationships with various tribes throughout the United States, management sees Indian gaming as a natural avenue of diversification and increased profitability for the company. CONTACT: KLH Engineering Group Inc., New York Robert Solarchik, 212/843-3440 |
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