IMPRESSION DELIVERY CORPORATION ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE INDIAN ENTERTAINMENT SYSTEMS, INC.
MINNEAPOLIS, July 20 /PRNewswire/ -- Impression Delivery Corporation (IDC) announced today that it has entered into a definitive agreement to acquire Indian Entertainment Systems, Inc. (IES) of Oneida, Wis. IES currently holds a management contract with the White Bear Indian First Nation of Saskatchewan, Canada, in connection with the Bear Claw Casino in the Moose Mountain Recreational Area. The Bear Claw Casino is unique, in that it is believed to be the only Indian casino currently operating in Canada. IES carries a tradition of Indian management. As a full-service management organization, it provides valuable experience in tribal politics, economic development in Indian country, planning, training, budgetary and administrative systems, and diversification. According to Craig Cottrell, chief operating officer of IES, "The definitive agreement we have reached with IDC is exciting, because it offers IDC's commitment and expertise in the development of a wide variety of potential future projects." He added, "With IDC's record of supporting the betterment of Indian nations and maximizing the potential economic impact of Indian objectives, it compliments the long-term vision of Alan R. King, president of IES." John I. Priscella, chairman and CEO of IDC, stated, "IES, and the extraordinary expertise it has, offers a strong foundation for growth, particularly in the expanding Canadian gaming market." Impression Delivery Corporation is a Minneapolis-based holding company with subsidiaries engaged in the gaming, biotechnology, food and advertising industries. The company's common stock is listed in the Pink Sheets. -0- 7/20/93 /CONTACT: John I. Priscella, CEO and chairman, or Tom de Petra, VP, Communication, 612-541-1100, both of IDC/
CO: Impression Delivery Corporation ST: Minnesota IN: CNO SU: TNM
AL -- MN017 -- 3464 07/20/93 14:44 EDT
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|Date:||Jul 20, 1993|
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