DTLL Announces Tender Offer for Global Casinos.BLOOMINGTON, Minn. -- DTLL DTLL Data Type Library Language , Inc (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DTLI) announced today that it is going to offer to any and all shareholders of Global Casinos, Inc (OTCBB:GBCS GBCS General Board of Church and Society (United Methodist Church) GBCS Ground Based Common Sensor GBCS Green Bay Christian School (Green Bay, WI) GBCS Global Business Communications Services ) one share of newly issued DTLL Series B Preferred Equity Redeemable Convertible ("PERC PERC See: Preferred equity redemption stock ") Stock with a stated value of $25 per share for every 10 shares of Global Casinos, Inc Common stock. This would be an offer of $2.50 per Global Casinos, Inc common share and a 150% premium to the recent closing price of $1.00 per share. DTLL intends to acquire at least 51% of GBCS through the tender offer and use Global Casinos, Inc as its publicly trading subsidiary to consolidate its future Casino and Gaming operations. DTLL has previously announced that it will be known as "Destination Travel and Leisure International" and will have three business divisions. The three new business divisions will be (i) Casinos and Gaming (ii) Hotels and Resorts and (iii) a Real Estate Investment Trust ("REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). "). DTLL intends to name its first division as Global Casinos, Inc and will look to make further acquisitions in the casino and gaming industries through its subsidiary Dual Cooper, President of DTLL was quoted as saying: "The acquisition of Global Casinos, Inc will be a good first acquisition for DTLL's entry into the Casino and Gaming Industry. It will provide an initial base for further acquisitions in the industry." The casino and gaming industry consists of single casino companies like Monarch Casino (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 :MCRI) and Wynn Resorts Ltd (NYSE NYSE See: New York Stock Exchange :WYNN). The industry also includes casino and gaming companies Harrahs Entertainment, Inc (NYSE:HET), Las Vegas Sands Las Vegas Sands Corp. (NYSE: LVS) is a casino resort company based in Las Vegas, Nevada and majority owned by one of the world's richest men, Sheldon Adelson. Las Vegas Sands chairman Sheldon Adelson, the world's sixth richest man, has said that his company will soon be (NYSE:LVS) and Station Casinos, Inc (NYSE:STN). The industry also includes smaller gaming companies like Florida Gaming Corporation (OTCBB:FGMG) and Diamondhead Corporation (OTCBB:DHHC). DTLL intends to have properties developed as a destination hotels, resorts and casinos, with condominiums and other amenities. The development of these properties are subject to risks and uncertainties which include, but are not limited to, those relating to permitting, financing, the actions of federal, state, or local governments and agencies. DTLL may be affected by some or all of these factors and other risks and uncertainties, many of which are beyond DTLL's control. Except for historical statements contained herein, the statements made in this release constitute forward-looking statements that involve risks and uncertainties. |
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