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CALENDAR CAPITAL, INC. TO OPERATE CRUISE SHIP CASINO IN THE CARIBBEAN

 MINNEAPOLIS, Minn., July 22 /PRNewswire/ -- Calendar Capital, Inc. (NASDAQ: AORT) announced today that it has acquired a permit from the government of the Island of Antigua, West Indies, to operate a cruise ship with casino gaming aboard from that Caribbean island. In addition, the company has chartered a luxury cruise ship, capable of carrying up to 300 passengers, which has been remodeled to include a complete casino. Dining and entertainment facilities are also provided aboard.
 The company said that it expects to begin operating daily gaming cruises from Antigua by mid-Septermber. Full-season annual revenues from the operation are expected to exceed five million dollars. The gaming/cruise ship will be operated through a wholly-owned, off-shore subsidiary to be known as Caribbean Casinos, Ltd., and will be managed by a professional gaming management company.
 Vincent Ella, chairman of Calendar Capital, Inc., said, "The company intends to actively pursue other gaming opportunities in the Caribbean." Calendar Capital, Inc., formerly known as AorTech, Inc., sold its operating business in 1992 and has been seeking a new business opportunity.
 -0- 7/22/93
 /CONTACT: Vincent Ella, chairman, or Robert Keyport, CEO, both of Calendar Capital, 612-332-3736; or Adrienne Griffith of de Petra & Associates, 612-338-7630, for Calendar Capital, Inc./
 (AORT)


CO: Calender Capital, Inc. ST: Minnesota IN: CNO SU:

DB -- MN022 -- 4698 07/22/93 15:32 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
Words:223
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