Eline Entertainment Group, Inc. (PINK SHEETS:EEGI) subsidiary Let The Good Times Roll, Inc. is pleased to announce a joint venture with the Hard Rock Hotel and Casino.
This new incentivized agreement with provides LTGTR riders with $25-$35 in gaming chips and a $5 food voucher when booked for the Hard Rock Casino. LTGTR, will experiment and plans to start running shuttles to the Hard Rock, charging $25-30 for round trip services. The deal is conditionally approved and subject to pending insurance verification. The company sees this as a simple administrative task, and to be resolved shortly.
Preliminary research shows strong support with the company running 14 casino runs a week, with each shuttle generating an average of $750 in revenue with 60-70% in gross profit.
"We are looking at creative ways to keep the buses on the road. As they are running not only are they generating revenue but they are advertising. If you are running a bus during the day for Hard Rock shuttles and then booking nightly runs at Gross Profit Margins of 70% you are doing very well.
We are very excited with the Vu365 merger which helps our plans with the college shuttle program and also will introduce the Vu365 to a new gaming audience. We had extremely favorable talks with Vu365 and believe they can help us extensively with our unique programming needs, and we can help them bring Vu365 gaming to an American audience. This is a win/win for LTGTR, Vu365 and the shareholders of EEGI," Debra Davis President of LTGTR.
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Seven Arts Pictures plc (Nasdaq:SAPX) announced on Tuesday November 9,2010 that it has completed the transfer of all of its assets to Seven Arts Entertainment Inc. a Nevada corporation (”SAE”) in exchange for common stock of SAE on a basis of one share of SAE for each ordinary share of Seven Arts. Trading of ordinary shares of Seven Arts Pictures Plc will terminate on the effective date of a Registration Statement of SAE for issuance of shares of SAE to existing shareholders of Seven Arts, expected to be received by December 31, 2010 and resume under the new corporate name Seven Arts Entertainment Inc. SAE will retain the NASDAQ listing of Seven Arts.
Seven Arts Pictures, Plc., through its subsidiaries, engages in the development, financing, production, and licensing of theatrical motion pictures worldwide. It offers theatrical motion pictures for exhibition in theatrical markets, as well as for subsequent release in other forms of media, including home video, and pay and free television.
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Le Gaga Holdings Limited (Nasdaq:GAGA), one of the largest greenhouse vegetable producers in China as measured by the area of greenhouse coverage and one of the fastest growing major vegetable producers in China, announced that the Company plans to release its financial results for the second fiscal quarter ended September 30, 2010 before the market opens on Monday, 29 November, 2010.
Le Gaga is one of the largest greenhouse vegetable producers in China as measured by the area of greenhouse coverage and one of the fastest growing major vegetable producers in China. Through its subsidiary China Linong International Limited, the Company sells and markets over 100 varieties of vegetables to wholesalers, institutional customers and supermarkets in China and Hong Kong with a trusted brand among customers.
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Rurban Financial Corp. (Nasdaq:RBNF) announced on Monday November 15, in the second quarter of 2010. Impairments and write-offs of software, hardware and development costs related to these transactions were $10.0 million in year-to-date 2010 ($6.5 million after-tax), and $0.45 million in year-to-date 2009 ($0.30 million after tax). Excluding these nonrecurring RDSI charges from GAAP results, the Company had an adjusted net loss from operations of $2.41 million for the 2010 year-to-date period compared to adjusted net income of $1.97 million for the comparable 2009 period.
Rurban Financial Corp. operates as the holding company for The State Bank and Trust Company that provides banking and financial services to individual and corporate customers in northwest Ohio and northeast Indiana. The company offers various deposit products, including checking accounts, passbook savings, money market accounts, time deposits, and certificates of deposit.
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