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NATTEM USA SIGNS TWO LEASES FOR GAMING FACILITIES IN SOCHI, RUSSIA

 DALLAS, Sept. 30 /PRNewswire/ -- In June 1993, Nattem acquired a gaming licensee for the Black Sea coastal city of Sochi, Russia.
 Today, Nattem USA, Inc. announced that it has signed two leases for gaming facilities in Sochi. The primary facility will open as a casino attached to the 600-room luxury Hotel Moskva, located in the central business district of Sochi, approximately two blocks from the sea port. The casino operations will occupy approximately 7,500 square feet and will accommodate a cocktail lounge and Las Vegas style casino. Additional separate kitchen facilities are available to accommodate food service. Management expects initial remodeling to be minimal and anticipates opening by Nov. 15, 1993.
 A second lease was executed for a building on the public beach in Sochi. The entire building, amounting to approximately 6,000 square feet, previously occupied by a restaurant, is also located in a high- traffic area of the city. Likewise, the present condition of this facility will require minimal initial remodeling and management anticipates opening by Nov. 1, 1993.
 Backed by the 8 to 12,000 feet Caucaus mountains to the east, Sochi's 500,000 residents occupy 90 miles of shoreline on the Black Sea. Considered a health resort, the city's primary tourist attraction are the hotels and the health related services they provide to more than 5 million tourists annually.
 In recent weeks management has met with various sources in search of gaming equipment and casino personnel to start the operations in Sochi. With the locations now secured, the company intends to move forward on the purchase of 60 slot machines available through Bally's International and to continue negotiations with several other vendors on table gaming equipment. Management estimates initial gross revenue from slot to be in the range of $90,000 per month once installation is complete.
 On Sept. 1, 1993 the board of directors appointed John P. Dades of Las Vegas, as president and CEO of Nattem USA, Inc. The company believes the insight that accompanies Mr. Dades' 30-plus years experience in the hotel and gaming industry will serve as a tremendous asset to the management team.
 Since the 1960s Mr. Dades' hotel experience has included upper management positions with the Las Vegas Casinos and Hotels of Caesar's Palace, Circus Circus, Stardust, Dunes and the Aladdin to name a few. His knowledge of casino and hotel operations, promotion, food service, construction and administrative management will serve as an invaluable management resource.
 Nattem USA, Inc. is publicly traded on the NASD OTC bulletin board under the symbol NTEM.
 -0- 9/30/93
 /CONTACT: John Dades, president of Nattem, 702-368-3993/
 (NTEM)


CO: Nattem USA, Inc. ST: Texas, Nevada IN: CNO SU:

WB-LG -- NY088 -- 7422 09/30/93 15:31 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
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