Littlefield Corporation (OTC:LTFD) has announced that is has acquired a bingo hall located in South Carolina. The acquisition for formed and licensed through the company’s wholly owned corporate subsidiaries. The company first announced its intent to acquire the hall on November 30, 2009.
Xplosive Stocks, an online financial publication, provides investors timely stock market information.
Sign Up Today for our Free Stock Newsletter
Littlefield expects the acquisition to impact its earnings positively following the settling of the initial transaction and transitional costs. It’s President and CEO Jeffrey Minch states that the acquisition includes the bingo hall operations and the real estate associated with it. The company intends to leverage the hall’s competitive strengths within the regional market.
Littlefield Corporation develops, owns, and operates charitable bingo halls, and owns and operates an event rental company. The Company operates in two segments: Littlefield Entertainment and Littlefield Hospitality. In its Entertainment division, the Company operates 37 charitable bingo halls in Texas, Alabama, Florida, and South Carolina. It also owns and operates Littlefield Hospitality in Austin, Texas. The Hospitality division consists of Premiere Tents and Events, a party and tent rental company. In July 2008, Littlefield Corporation completed the acquisition of six halls in South Carolina. In April 2008, the Company sold its catering unit. In February 2009, it completed an acquisition of two bingo halls in South Carolina. In April 2009, the Company sold its Premiere Tents and Events business unit located in Austin, Texas.
Sign up for the free Xplosive Stocks newsletter. Investors interested in receiving small cap stock alerts through the penny stock newsletter published by Xplosive Stocks can sign up for free by visiting our website.
About Us
Xplosive Stock is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We focus on Xplosive Stocks and track small cap companies that are on the brink of a financial breakout. To feature a company on our website please contact us at the email listed below.
Please click here to read the full disclaimer.
