CALENDAR CAPITAL, INC. ANNOUNCES MANAGEMENT FOR CARIBBEAN CASINOS, LTD.
MINNEAPOLIS, Aug. 3 /PRNewswire/ -- Calendar Capital, Inc. (NASDAQ: AORT) announced today that John B. Hendricks, of Lauderdale by the Sea, Florida, has been named president of its subsidiary, Caribbean Casinos, Ltd. Hendricks will head a team of three experienced casino managers who will oversee the casino operations aboard the company's gaming cruise ship to be located on the Island of Antigua, West Indies, beginning in early September. Hendricks and his two associates, Philip Plowright and Valerie Hendricks, previously operated as International Gaming Management and have managed casinos in Yugoslavia, England, Holland and Iran as well as the United States. The management group has agreed to enter into employment contracts with Caribbean Casinos, Ltd. and to discontinue operating as a separate management company. As a result, Caribbean Casinos will not enter into a separate management contract for a percentage of its operations and will instead be in a position to market the services of its management team to other gaming enterprises. Calendar Capital also announced that Robert J. Keyport who has been serving as interim CEO will resign that position and as a director of the company. Vincent G. Ella, the company's current chairman, will assume the additional duties of CEO. Ella said, "Bob Keyport has done an outstanding job in helping to reposition the company and he is now anxious to pursue other similar engagements. Now that the company has established and staffed a new operating entity he feels it is the appropriate time to conclude this assignment." -0- 8/3/93 /CONTACT: Vincent G. Ella, chairman and CEO of Calendar Capital, Inc., 612-332-3736/ (AORT)
CO: Calendar Capital, Inc. ST: Minnesota IN: CNO SU: PER
TJ -- MN006 -- 8901 08/03/93 12:28 EDT
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|Date:||Aug 3, 1993|
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