OLATHE, Kan., Feb. 3, 2015 /PRNewswire/ -- Butler National
Corporation (OTC Pink: BUKS) (the "Company") has reached an
agreement with Bally Gaming, Inc. regarding Bally's outstanding
judgment.
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 a 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. After hearing the evidence, the jury rendered a
verdict in favor of BHCMC and BHC Development in the amount of
$1,423,542.27. Bally appealed
the verdict. BHCMC and BHC Development have agreed to
accept the sum of $1,323,542.27 in
satisfaction of the judgment. BHCMC and BHC Development have
further agreed to return to Bally its system-related equipment.
"We are pleased to continue our focus on our goal of attracting
visitors to Dodge City and
Southwest Kansas," commented
Clark D. Stewart, President and CEO
of Butler National Corporation.
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:
Statements made in this report, filed with the Securities and
Exchange Commission, communications to stockholders, press
releases, and oral statements made by representatives of the
Company that are not historical in nature, or that state the
Company or management intentions, hopes, beliefs, expectations or
predictions of the future, may constitute "forward-looking
statements" within the meaning of Section 21E of the Securities and
Exchange Act of 1934, as amended (the "Exchange Act").
Forward-looking statements can often be identified by the use of
forward-looking terminology, such as "could," "should," "will,"
"intended," "continue," "believe," "may," "expect," "hope,"
"anticipate," "goal," "forecast," "plan," "guidance" or "estimate"
or the negative of these words, variations thereof or similar
expressions. Forward-looking statements are not guarantees of
future performance or results. They involve risks, uncertainties,
and assumptions. It is important to note that any such performance
and actual results, financial condition or business, could differ
materially from those expressed in such forward-looking
statements. The forward looking statements in this report are
only predictions and actual events or results may differ
materially. These factors and risks include, but are not
limited to the Cautionary Statements and Risk Factors, filed as
Exhibit 99 and Section 1A to the Company's Annual Report on Form
10-K, 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
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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.
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SOURCE Butler National Corporation