keithsan
03-08-2006, 01:13 PM
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
DTLL Announces Tender Offer for Global Casinos
BLOOMINGTON, Minn., Mar 08, 2006 (BUSINESS WIRE) -- DTLL, Inc (OTCBB:DTLI) announced today that it is going to offer to any and all shareholders of Global Casinos, Inc (OTCBB:GBCS) one share of newly issued DTLL Series B Preferred Equity Redeemable Convertible ("PERC") Stock with a stated value of $25 per share for every 10 shares of Global Casinos, Inc Common stock. This would be an offer of $2.50 per Global Casinos, Inc common share and a 150% premium to the recent closing price of $1.00 per share. DTLL intends to acquire at least 51% of GBCS through the tender offer and use Global Casinos, Inc as its publicly trading subsidiary to consolidate its future Casino and Gaming operations.
DTLL has previously announced that it will be known as "Destination Travel and Leisure International" and will have three business divisions. The three new business divisions will be (i) Casinos and Gaming (ii) Hotels and Resorts and (iii) a Real Estate Investment Trust ("REIT"). DTLL intends to name its first division as Global Casinos, Inc and will look to make further acquisitions in the casino and gaming industries through its subsidiary
Dual Cooper, President of DTLL was quoted as saying:
"The acquisition of Global Casinos, Inc will be a good first acquisition for DTLL's entry into the Casino and Gaming Industry. It will provide an initial base for further acquisitions in the industry."
The casino and gaming industry consists of single casino companies like Monarch Casino (NASDAQ:MCRI) and Wynn Resorts Ltd (NYSE:WYNN). The industry also includes casino and gaming companies Harrahs Entertainment, Inc (NYSE:HET), Las Vegas Sands (NYSE:LVS) and Station Casinos, Inc (NYSE:STN). The industry also includes smaller gaming companies like Florida Gaming Corporation (OTCBB:FGMG) and Diamondhead Corporation (OTCBB:DHHC).
DTLL intends to have properties developed as a destination hotels, resorts and casinos, with condominiums and other amenities. The development of these properties are subject to risks and uncertainties which include, but are not limited to, those relating to permitting, financing, the actions of federal, state, or local governments and agencies. DTLL may be affected by some or all of these factors and other risks and uncertainties, many of which are beyond DTLL's control. Except for historical statements contained herein, the statements made in this release constitute forward-looking statements that involve risks and uncertainties.
DTLL Announces Tender Offer for Global Casinos
BLOOMINGTON, Minn., Mar 08, 2006 (BUSINESS WIRE) -- DTLL, Inc (OTCBB:DTLI) announced today that it is going to offer to any and all shareholders of Global Casinos, Inc (OTCBB:GBCS) one share of newly issued DTLL Series B Preferred Equity Redeemable Convertible ("PERC") Stock with a stated value of $25 per share for every 10 shares of Global Casinos, Inc Common stock. This would be an offer of $2.50 per Global Casinos, Inc common share and a 150% premium to the recent closing price of $1.00 per share. DTLL intends to acquire at least 51% of GBCS through the tender offer and use Global Casinos, Inc as its publicly trading subsidiary to consolidate its future Casino and Gaming operations.
DTLL has previously announced that it will be known as "Destination Travel and Leisure International" and will have three business divisions. The three new business divisions will be (i) Casinos and Gaming (ii) Hotels and Resorts and (iii) a Real Estate Investment Trust ("REIT"). DTLL intends to name its first division as Global Casinos, Inc and will look to make further acquisitions in the casino and gaming industries through its subsidiary
Dual Cooper, President of DTLL was quoted as saying:
"The acquisition of Global Casinos, Inc will be a good first acquisition for DTLL's entry into the Casino and Gaming Industry. It will provide an initial base for further acquisitions in the industry."
The casino and gaming industry consists of single casino companies like Monarch Casino (NASDAQ:MCRI) and Wynn Resorts Ltd (NYSE:WYNN). The industry also includes casino and gaming companies Harrahs Entertainment, Inc (NYSE:HET), Las Vegas Sands (NYSE:LVS) and Station Casinos, Inc (NYSE:STN). The industry also includes smaller gaming companies like Florida Gaming Corporation (OTCBB:FGMG) and Diamondhead Corporation (OTCBB:DHHC).
DTLL intends to have properties developed as a destination hotels, resorts and casinos, with condominiums and other amenities. The development of these properties are subject to risks and uncertainties which include, but are not limited to, those relating to permitting, financing, the actions of federal, state, or local governments and agencies. DTLL may be affected by some or all of these factors and other risks and uncertainties, many of which are beyond DTLL's control. Except for historical statements contained herein, the statements made in this release constitute forward-looking statements that involve risks and uncertainties.