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BULLWHACKERS ANNOUNCES INITIAL PUBLIC OFFERING

 GOLDEN, Colo., Sept. 14 /PRNewswire/ -- Bullwhackers Inc., a casino development and management company based here, announced that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of two million shares of common stock. Bullwhackers plans to use net proceeds from the offering for capital improvements and long-term debt reduction. The offering price is expected to be $12-14 per share. The underwriter is Hanifen Imhoff Inc. of Denver.
 The Bullwhackers public offering is unrelated to its affiliate, Grand Palais Enterprises, which is expected to be a partner in a planned casino development in New Orleans.
 Bullwhackers is Colorado's largest casino operator and is an affiliate of Hemmeter Partners, a privately held Colorado-based company engaged in visitor destination development, management and other business worldwide. Bullwhackers owns and operates casinos in Central City and Black Hawk.
 The offering is subject to various regulatory approvals including that of the Colorado Limited Gaming Control Commission.
 -0- 9/14/93
 /CONTACT: Steven Silvers of Hill and Knowlton, 303-623-7772; David Henry, Hanifen Imhoff, 303-291-5205; or Mark Hemmeter of Bullwhackers, 303-271-2500/


CO: Bullwhackers Inc. ST: Colorado IN: CNO SU: OFR

MC -- DV003 -- 1829 09/14/93 14:37 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
Words:199
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