OLATHE, Kan., March 11, 2014 /PRNewswire/ -- Butler National
Corporation (OTCQB: BUKS) (the "Company") has been awarded total
damages of $1,423,542 in litigation
against Bally Gaming, Inc. based upon Bally's negligent
misrepresentations in selling a casino management computer
system.
The Company's subsidiary BHCMC, LLC manages the Boot Hill Casino
& Resort. BHCMC and BHC Development LC, the build-to-suit
lease provider for the Dodge City
lottery gaming facility, purchased the SDS/CMP casino management
system prior to the opening of the Boot Hill Casino &
Resort.
BHCMC and BHC Development filed a complaint against Bally Gaming
in the United States District Court for the District of
Kansas alleging damages for
negligent misrepresentations. After hearing the evidence, the
jury rendered a verdict in favor of BHCMC and BHC Development in
the amount of $1,423,542. Bally
has a right to appeal the verdict.
Bally Gaming had counterclaimed for an alleged breach of
contract and an alleged continued use of the system. Bally Gaming
alleged damages in excess of $441,000. Bally's counterclaims were
rejected by the jury and no damages were awarded.
"We are pleased with the result and appreciate the jury's
patience in hearing the evidence. The evidence was clear that
despite many requests to remedy the number of system problems,
Bally Gaming could not make the system work as represented,"
commented Clark D. Stewart,
President and CEO of Butler National Corporation. "We have
spent considerable resources in replacing the Bally system.
We believe the $1.423 million verdict
is a step toward attempting to make us whole. The replacement
Konami SYNKROS™ (KCMS) System now provides Boot Hill Casino with
the marketing and administrative functionality that the casino
required."
Our Business:
Butler National Corporation operates in
the Aerospace and Services business segments. It is a leader
in the growing global market for structural modification,
maintenance, repair and overhaul (MRO) and a recognized provider of
management services in diverse business groups. The Aerospace
segment focuses on the manufacturing of support systems for
"Classic" commercial and military aircraft including the Butler
National TSD for the Boeing 737 and 747 Classic aircraft, switching
equipment for Boeing McDonnell Douglas Aircraft, weapon control
systems for Boeing Helicopter and performance enhancement
structural modifications for Learjet, Cessna, Dassault and
Beechcraft business aircraft. Services include temporary
employee services, gaming services and administrative management
services.
Forward-Looking Information:
The information set
forth above includes "forward-looking statements" as outlined in
the Private Securities Litigation Reform Act of 1995 and Section
21E of the Securities Exchange Act of 1934. Words such as
"anticipate," "estimate," "expect," "project," "intend," "may,"
"plan," "predict," "believe," "should" and similar words or
expressions are intended to identify forward-looking
statements. Investors should not place undue reliance on
forward-looking statements, and the Company undertakes no
obligation to publicly update or revise any forward-looking
statements. All forward-looking statements reflect the
present expectation of future events of our management and are
subject to a number of important factors, risks, uncertainties and
assumptions that could cause actual results to differ materially
from those described in the forward-looking statements. These
factors and risks include, but are not limited to the Cautionary
Statements and Risk Factors, filed as Exhibit 99 and Item 1 to the
Company's Annual Report on Form 10-K for the year ended
April 30, 2013, incorporated herein
by reference. Investors are specifically referred to such
Cautionary Statements and Risk Factors for discussion of factors,
which could affect the Company's operations, and forward-looking
statements contained herein.
FOR MORE INFORMATION, CONTACT:
David Drewitz, Public
Relations
david@creativeoptionscommunications.com
www.creativeoptionscommunications.com
|
Ph (972)
814-5723
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Butler National
Corporation Investor Relations
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Ph (913)
780-9595
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THE WORLDWIDE WEB:
Please review
www.butlernational.com for pictures of our products and details
about Butler National Corporation and its subsidiaries.
SOURCE Butler National Corporation